Strategy Acquires 2,932 Bitcoin Using ATM Offering Proceeds

Strategy reported an additional Bitcoin purchase in a Form 8-K filed with the U.S. Securities and Exchange Commission on January 26th.

According to the filing, the company acquired 2,932 Bitcoin between January 20th and January 25th for an aggregate purchase price of $264.1 million, inclusive of fees and expenses. 

The average purchase price was $90,061 per Bitcoin. As of January 25th, Strategy held a total of 712,647 Bitcoin, acquired for approximately $54.19 billion at an average cost basis of $76,037 per coin.

The purchase occurred during a period of market volatility in which Bitcoin declined from above $93,000 to briefly below $87,000.

The filing states that the Bitcoin acquisition was funded using proceeds from Strategy’s at-the-market (ATM) equity and preferred stock offering programs. 

During the same period, the company sold approximately 1.57 million shares of its Class A common stock (MSTR), generating $257 million in net proceeds. 

Strategy also sold 70,201 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), raising an additional $7 million.

No sales were reported for the company’s other preferred equity instruments, including STRF, STRK, or STRD, during the period. 

As of January 25th, Strategy reported remaining issuance capacity of approximately $8.17 billion under its MSTR ATM program and more than $3.6 billion under its STRC program.

In total, Strategy has acquired approximately 40,100 Bitcoin so far in January, exceeding the combined amount it purchased between August and December 2025.

Strategy, co-founded by Michael Saylor, remains the largest publicly traded company by reported Bitcoin holdings.