TheBlock
Michael Saylor's Strategy has resumed its bitcoin accumulation after a brief pause, purchasing 535 BTC for approximately $43 million at an average price of $80,340 per coin. The buy brings the company's total holdings to 818,869 BTC, cementing its position as the largest publicly traded corporate holder of bitcoin by a wide margin.
The latest tranche was funded through proceeds from the issuance and sale of MSTR Class A common stock and STRC perpetual preferred stock — the same equity-and-preferred-stock financing playbook Strategy has used to systematically grow its bitcoin treasury over the past several years.
Saylor's terse 'back to work' framing signals that the pause was tactical, not a strategic retreat. At current holdings, Strategy's bitcoin position represents a multi-billion-dollar bet that BTC's long-run appreciation will outpace the dilution cost of its equity-linked…
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