Michael Saylor’s Strategy kicks off 2026 with a $116 million bitcoin buy as its total treasury holdings hit 673,783 BTC
Summary
Strategy, the Bitcoin treasury company co-founded by Michael Saylor, acquired an additional 1,286 BTC for approximately $116.3 million between December 29 and January 4, according to an SEC 8-K filing. This purchase brings Strategy's total Bitcoin holdings to 673,783 BTC, valued at around $63 billion at current prices, representing over 3% of Bitcoin's total supply. The acquisition was funded by proceeds from at-the-market sales of its Class A common stock (MSTR). Additionally, the company increased its USD Reserve by $62 million to $2.25 billion during the same period. Michael Saylor had previously hinted at the acquisition, referencing whether the company would add to its Bitcoin or USD reserves. Despite these moves, Strategy's stock has seen a significant decline, with its market cap currently valued at less than the Bitcoin it holds (mNAV of 0.81).
(Source:The Block)