Strategy (MSTR), recognized as the largest corporate owner of bitcoin globally, is poised to achieve its second-highest quarterly accumulation despite a 20% drop in cryptocurrency prices. Currently, bitcoin is valued at $70,749.09.
Since the beginning of this year, the firm has acquired 89,618 $BTC, raising its total holdings to an impressive 761,068 $BTC. With two Mondays remaining in this quarter for potential announcements regarding further purchases, that figure may increase even more.
The only instance where Strategy purchased a larger quantity of bitcoin was during the fourth quarter of 2024 when it added 194,180 $BTC. Notably, November alone accounted for three out of five major acquisitions by the company; they bought 27,200 $BTC, followed by another purchase of 51,780 $BTC, and then an additional acquisition of 55,500 $ BTC as prices surged from $70K to $100K after President Donald Trump’s re-election.
In stark contrast to previous months’ activity and soaring prices back then , Bitcoin’s value has recently fallen over 40% from its peak high of $126K recorded in October . Meanwhile , Strategy’s stock price has experienced a decline of approximately 15%.
The latest acquisitions have been partially financed through sales from their perpetual preferred offering known as Stretch (STRC), which contributed around 15 ,000 $ BTC within just two weeks. However , due to STRC failing to reach its intended par value at $100 this week , they are currently unable to leverage that program effectively.
It’s important to note that Strategy’s accumulation strategy isn’t solely reliant on price fluctuations; it also hinges on available capital resources.