Strategy Inc. has made one of its largest acquisitions to date, purchasing about $2.5 billion worth of Bitcoin in a single week, totaling 34,164 BTC. The move reinforces its shift from enterprise software to a dedicated Bitcoin accumulation strategy funded through equity and perpetual preferred share offerings, including STRC.
Long-Term Target of 1 Million BTC Drives Capital Deployment
The latest purchase supports Strategy’s stated objective of reaching 1 million BTC holdings by the end of 2026. The company continues to deploy capital raised from equity issuance and preferred stock programs directly into Bitcoin markets, expanding its position as one of the largest corporate holders of the asset.
Strategy’s blended acquisition cost is now estimated in the mid-$75,000 range per BTC, making profitability sensitive to price stability above that level. When Bitcoin trades below this threshold, the firm records unrealized losses under standard accounting rules.
BTC Yield and Bitcoin Gain Metrics Replace Traditional Earnings Focus
Instead of focusing on conventional earnings, Strategy reports performance using “BTC Yield” and “Bitcoin Gain,” measuring growth in Bitcoin per share. The company reported a year-to-date BTC Yield of 5.6%, equal to 37,339 BTC added, valued at roughly $2.736 billion, alongside a quarterly yield of 2.3%.
Preferred Share Structure Funds Continuous Bitcoin Accumulation
Funding is largely supported by STRC preferred shares, which provide high-yield capital while channeling proceeds into Bitcoin purchases. Strategy is also considering shifting dividends from monthly to semi-monthly payments to improve liquidity and stabilize investor returns, further strengthening its long-term accumulation model.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.