Strategy, the largest corporate Bitcoin holder, has resumed its Bitcoin buying spree after a brief hiatus. The business intelligence company announced another BTC purchase worth over $285 million.
According to a Form 8-K filing with the United States Securities and Exchange Commission (SEC), the firm bought approximately 3,459 bitcoins between April 7 and April 13. The assets were purchased at an average price of $82,618 per coin.
Strategy Goes BTC Shopping Again
Strategy’s latest purchase was facilitated with the proceeds from selling about 959,712 of its Class A common stock shares MSTR and its perpetual strike preferred offering, STRK. The net proceeds from the sales were $285.7 million, and the firm channeled all of the funds into its recent BTC purchase.
Strategy established an at-the-market (ATM) program on October 30, 2024, with a size of $21 billion, allowing for the sale of its Class A common stock. Additionally, the company has an ongoing ATM program for its 8.00% Series A perpetual strike preferred stock, STRK, set up on March 10, 2025, with the same size of $21 billion. As of April 13, 2025, there are still $20.97 billion of STRK shares and $2.08 billion of MSTR shares available for issuance and sale.
Following the recent purchase, Strategy’s total Bitcoin holdings have increased to 531,644 BTC acquired for $35.92 billion at an average price of $67,556 per bitcoin. Moreover, the firm’s BTC strategy has proven highly effective, achieving a BTC Yield of 11.4% year-to-date.
Perseverance Despite Market Volatility
The cryptocurrency market has experienced turbulence recently, with Bitcoin dropping below the $80,000 level last week. This downturn negatively impacted Strategy BTC’s holdings, causing the firm to experience a staggering $5.91 billion in unrealized losses on its Bitcoin holdings.
Despite the market pressure, the firm continues to demonstrate confidence in the potential of the largest crypto asset. This is evident in the resumption of the Bitcoin acquisition strategy.
In a similar move, the Japanese investment firm Metaplanet recently revealed the purchase of 319 BTC, valued at approximately $26. 7 million. When writing, the crypto asset was trading at $85,059, representing a 0.72 increase in the last 24 hours.