Strategy (MSTR) on track for second-biggest BTC buying quarter despite price drop
MicroStrategy is set for its second-largest quarterly Bitcoin purchase, accumulating 89,618 BTC this year amid a 20% price slump.Summary
MicroStrategy (MSTR), the world's largest corporate holder of Bitcoin, is positioned to record its second-largest quarterly BTC accumulation, having purchased 89,618 BTC since January, bringing its total holdings to 761,068 BTC. This aggressive expansion continues despite a 20% drop in Bitcoin's price during the quarter. The only larger buying quarter was Q4 2024, when the company acquired 194,180 BTC as the price climbed toward $100,000. Recent purchases were partially funded by sales of its perpetual preferred offering (STRC), though this funding source is currently paused as the STRC price did not reach its $100 par value. MicroStrategy's accumulation strategy is primarily driven by capital availability rather than short-term price movements.
(Source：CoinDesk)