Michael Saylor's strategy expands reserves with purchase of 155 BTC for US$ 18 million

• Strategy accumulates 628.946 BTC, almost 3% of the total
• Purchase financed by STRF and STRC preferred shares
• Bitcoin reserves valued at approximately $76 billion

Strategy, formerly known as MicroStrategy, acquired an additional 155 bitcoins between August 4th and 10th, investing approximately $18 million at an average price of $116.401 per unit. The move was revealed in 8-K document submitted to the Securities and Exchange Commission, cementing the company's position as the largest corporate holder of BTC in the world.

With this purchase, Strategy now has 628.946 BTC, valued at approximately $76 billion. According to co-founder and CEO Michael Saylor, the assets were acquired at an average price of $73.288, for a total cost of approximately $46,1 billion. This represents almost 3% of the maximum supply of 21 million bitcoins and implies unrealized gains of approximately $30 billion.

The recent acquisitions were financed by the sale of perpetual preferred shares in Strife (STRF) and Stretch (STRC). Last week, the firm sold 115.169 shares of STRF, raising approximately $13,6 million. As of August 10, Strategy still had $1,87 billion in STRF available for issuance and sale, while some of the bitcoins were acquired with proceeds from the $4,2 billion initial public offering of STRC.

STRF has a 10% cumulative dividend and is non-convertible, making it the company's most conservative option. STRC offers a variable rate starting at 9% per year, with monthly payments and adjustments to maintain the market value close to US$100.

Strategy's fundraising programs, which include STRK, STRF and STRC, have a potential total of US$27,3 billion, integrating the "42/42" plan that seeks to increase total capital to US$84 billion in equity and convertible note offerings by 2027 — an expansion of the initial "21/21" plan.

Saylor hinted at further purchases in the future, stating, “If you don’t stop buying Bitcoin, you won’t stop making money.”

If you don't stop buying Bitcoin, you won't stop making Money. pic.twitter.com/G9S2gPO1t8

— Michael Saylor (@saylor) August 10, 2025

However, no MSTR common shares were sold last week, leaving $17 billion available in the ATM program. The company maintains its policy of not issuing common shares when the market value-to-net asset value multiple is below 2,5x, except for specific purposes such as paying interest or preferred stock dividends.