‘Big orange’: Michael Saylor’s Strategy buys another 13,627 bitcoin for $1.25 billion following MSCI indexing decision
Strategy acquired 13,627 more bitcoins for $1.25 billion using proceeds from stock sales, following MSCI's decision not to bar digital asset treasuries from its indexes.Summary
Michael Saylor's company, Strategy, announced in an 8-K filing that it purchased an additional 13,627 Bitcoin between January 5 and January 11 for about $1.25 billion, averaging $91,519 per coin. This purchase brings Strategy's total holdings to 687,410 BTC, acquired at an average cost of $75,353 per coin, representing over 3% of Bitcoin's total supply. The acquisitions were funded by proceeds from recent at-the-market sales of its Class A common stock (MSTR) and perpetual Stretch preferred stock (STRC). This activity occurs alongside Strategy's larger capital raise plans, including the "42/42" plan targeting $84 billion for bitcoin acquisitions through 2027. The timing follows MSCI's decision on January 6 not to immediately remove digital asset treasuries (DATs) from its index products in the February rebalancing, a move Strategy had lobbied against, warning it would create unstable index churn.
(Source：The Block)