Michael Saylor isn’t backing off his corporate Bitcoin playbook. If anything, he’s pushing it further, positioning Strategy less like an enterprise software company and more like what it now calls a “Bitcoin development company.” To match that shift, the firm has laid out a huge new fundraising plan designed to keep adding to its Bitcoin stash.
The latest move: Strategy bought another 4,871 Bitcoin this week, spending about $329.9 million. That brings its total holdings to 766,970 Bitcoin, an eye-popping number for a public company. To fund more buys, management is aiming to raise $42 billion over the next three years through stock offerings: $21 billion in STRC shares and another $21 billion in traditional MSTR shares. The message is pretty straightforward—most of that money is intended to go right back into Bitcoin.
Even though the company showed an unrealized loss in the first quarter after Bitcoin pulled back, Saylor’s approach hasn’t changed: buy the dips and keep averaging in. Strategy says its average purchase price is now around $75,644 per coin. Some traders are still watching the $60,000 level as a potential short-term downside break, but Strategy’s steady buying is one reason bulls argue there’s growing support under the market, especially as more corporate treasuries get involved.