Strategy spent $1 billion on Bitcoin last week, marking its largest purchase in nearly a month, the company announced Monday.
The Tysons Corner, Virginia-based firm added approximately 14,000 Bitcoin to its reserves. This move increased its total holdings to nearly 781,000 BTC, a 1.8% jump from the previous week.
At recent prices of roughly $70,900 per token, the company’s total Bitcoin stockpile is valued at $55.3 billion, according to CoinGecko data.
Chasing BlackRock
Strategy is now within striking distance of surpassing the Bitcoin holdings of BlackRock’s spot Bitcoin ETF. According to crypto data provider CoinGlass, BlackRock’s vehicle holds an estimated 790,000 Bitcoin.
If inflows into the BlackRock ETF remain flat, Strategy would need to purchase roughly 9,000 more Bitcoin to overtake the industry leader.
The latest acquisition was funded through proceeds from the company's flagship preferred share, STRC. This instrument currently pays 11.5% in monthly dividends and has become a primary funding source for recent acquisitions.
Using STRC allows the firm to expand its holdings without diluting common shareholders. This strategy addresses previous investor fears regarding share dilution that occurred when the company's stock price tumbled last year.
Executive Chairman Michael Saylor noted on X that the company's Bitcoin Breakeven ARR—the ratio of annual dividends and interest expense to the market value of Bitcoin holdings—stands at approximately 2.05%.
“If Bitcoin grows faster than that over time, we can cover our dividends indefinitely without issuing new MSTR shares,” Saylor said.
Despite the aggressive buying, some analysts have adjusted their outlooks. TD Cowen recently lowered its price target for Strategy from $440 to $350, citing lower expected Bitcoin prices for the year.
On the prediction market Myriad, traders are betting against a sell-off. The probability of Strategy selling Bitcoin in 2026 dropped to 12% this week, down from 18% last month.
