Strategy's Bitcoin Blitz: Mega Buy Boosts Treasury to New Heights

With around 963 million USD, Strategy, the renamed MicroStrategy (ticker MSTR), has said its most recent Bitcoin purchase of 10,624 BTC between December 1 and 7, 2025. This works out to be roughly 90,615 USD per Bitcoin on average. The addition brings the company's total holdings to around 660,600–660,624 BTC, therefore confirming its status as the biggest publicly traded corporate holder of Bitcoin in the world.

This buy was paid for by Strategic's at-the-market equity and preferred share issuance campaigns, including STRD and other preferred stock sales. Analysts, however, are pointing to rising pressures as the corporation depends on continual high-coupon preferreds and more equity raises. Compared to earlier initiatives, there is proof of decreasing demand for these new issuances, which begs questions about sustainability.

Strategy's leadership is positioning the company as a leveraged Bitcoin operating company in a bigger strategic change, using capital markets to boost BTC per share instead of just concentrating on its software foundation. Still, there are major risks—highlighted by past examples where MSTR's equity value dipped below the market worth of its Bitcoin holdings—including substantial equity dilution, onerous fixed dividends from preferred shares, and the stock's vulnerability to Bitcoin price drops.