- Strategy bought $200M in Bitcoin, raising holdings to 720K BTC, showing strong confidence despite $7.3B unrealized loss.
- Preferred shares (STRC) fund Bitcoin purchases, keeping inflows steady while protecting common shareholders from dilution.
- Saylor leans on “digital credit” to expand Bitcoin reserves, preparing Strategy for long-term market rebounds.
Strategy led by co-founder Michael Saylor, executed its third-largest Bitcoin purchase of 2026 last week, scooping up $200 million worth of the asset. The Tysons Corner, Virginia-based firm acquired roughly 3,015 BTC at an average price of $67,700 each, raising its total holdings to approximately 720,737 Bitcoin.
According to Lookonchain, Strategy’s holdings now value around $47.45 billion, though the company is facing an unrealized loss of $7.32 billion, equating to a -13.36% dip. The firm’s move demonstrates continued confidence in Bitcoin despite recent market volatility.
Besides the latest purchase, Strategy has relied on innovative funding strategies to maintain its Bitcoin accumulation. The company partially financed its purchase through proceeds from preferred shares, known as STRC, which Saylor has described as “digital credit.”
Last week, Strategy raised $33 million through STRC, while common stock sales generated $230 million. “The shift to digital credit aligns with our indefinite Bitcoin horizon,” Saylor said, emphasizing long-term confidence in the asset. Consequently, the company ensures a steady inflow of Bitcoin without diluting common shareholders, even amid market pressures.
STRC Preferred Shares Support Bitcoin Accumulation
Strategy has issued $3.4 billion in STRC since its launch, including a $2.5 billion IPO in July. Over the past month, STRC issuance raised $85.5 million, supplementing the $450 million raised from common shares. Additionally, the company recently increased STRC’s monthly dividend to 11.5%, marking its seventh adjustment to attract investors.
By leveraging STRC, Strategy has shored up billions in cash, effectively pre-paying dividends while expanding its Bitcoin reserve. Moreover, this approach enables the firm to navigate a market downturn while maintaining accumulation momentum.
Market Context and Strategic Outlook
Bitcoin currently trades around $68,193, leaving Strategy with a $5.3 billion paper loss on its stockpile. However, Saylor’s strategy relies on a long-term perspective, viewing digital credit as a tool to strengthen the company’s financial position. Last quarter, Strategy reported a $12.4 billion loss due to market swings, yet Saylor framed this as a temporary fluctuation.
Additionally, the company’s reliance on preferred shares suggests a focus on sustainable growth. Hence, Strategy continues to position itself for future market rebounds, maintaining its status as one of Bitcoin’s largest corporate holders.
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