STRATEGY holds more than 3% of the total Bitcoin supply.Impressive accomplishment by Saylor and STRATEGY. 👏 https://t.co/xeKswvv7wq ...

Core Insights - Strategy has paused its MSTR at-the-market (ATM) program for the week of September 8–14, marking the first halt since the equity-issuance framework was revised in August, with $16.11 billion capacity remaining under the $21 billion ATM program [1][5] Group 1: Equity Issuance and Sales - Following the August 18 update, Strategy sold MSTR shares for three consecutive weeks, generating approximately $935.7 million in net proceeds before the recent pause [5] - During the week of August 18–24, the company sold 875,301 MSTR shares for $309.9 million and acquired 3,081 BTC for $356.9 million at an average price of $115,829 [3] - In the week of August 26–September 1, Strategy sold 1,237,000 MSTR shares, generating $425.3 million in net proceeds, and purchased 4,048 BTC for $449.3 million at an average price of $110,981 [3] - For the week of September 2–7, the company sold 591,606 MSTR shares for $200.5 million and acquired 1,955 BTC for $217.4 million at an average price of $111,196 [4] Group 2: Strategic Guidance and Financial Management - The company updated its MSTR Equity Guidance on August 18, stating it may issue MSTR tactically when the stock's multiple on net asset value (mNAV) is below 2.5x to pay interest on debt and fund preferred dividends [2] - Strategy committed to issuing MSTR only when mNAV exceeds 2.5x or for paying dividends and interest [2] - During the pause week, Strategy continued issuing preferred stock and acquired 525 BTC for $60.2 million at an average price of $114,562, bringing total BTC holdings to 638,985 with an aggregate purchase cost of $47.23 billion [4]

🔥 JUST IN: Strategy added 525 BTC for ~$60.2M, bringing total holdings to 638,985 $BTC worth $47.23B. https://t.co/7zeMuFoH2y ...

BREAKING: Michael Saylor's STRATEGY buys another 525 Bitcoin worth $60.4 MILLION. https://t.co/nNzqcbOcuc ...

Bitcoin Holdings - Strategy acquired 525 BTC for approximately $602 million at roughly $114,562 per bitcoin [1] - As of September 14, 2025, the company holds 638,985 BTC acquired for around $4723 billion at an average price of $73,913 per bitcoin [1] Investment Performance - The company has achieved a BTC Yield of 259% Year-to-Date (YTD) in 2025 [1]

JUST IN: Michael Saylor's 'Strategy' buys 525 Bitcoin worth $60.4 million. ...

Core Insights - Digital Asset Treasury (DAT) firms are emerging as a significant trend in the cryptocurrency market, with companies like Strategy and Metaplanet achieving notable success by holding substantial amounts of Bitcoin [1][2] - These firms are publicly traded entities that raise capital to acquire and manage digital assets as a core part of their balance sheet strategy [2][3] Digital Asset Treasuries - DAT companies are characterized by their strategy of stacking large sums of cryptocurrencies, including Bitcoin and Ethereum, and are seen as investment vehicles providing indirect exposure to crypto through traditional markets [2][3] - They can generate revenue through various means such as borrowing and lending services, operating validator nodes, and engaging in DeFi protocols [3] Bitcoin Holdings - As of September 11, 2025, 104 Bitcoin treasury companies collectively hold 1,013,608 BTC valued at $115.5 billion, with Strategy (formerly MicroStrategy) being the largest, holding 631,460 BTC worth $72.64 billion [5] - Since adopting the crypto treasury strategy in 2020, Strategy's stock has surged by 2319.94%, while Bitcoin's value increased by 899% during the same period [5] Ethereum Holdings - Following Bitcoin's rise, interest in Ethereum has grown, with 11 companies actively acquiring a total of 3,436,285 ETH valued at $15.23 billion [8] - Bitmine Immersion leads the Ethereum treasury with 2,069,443 ETH worth $9.1 billion, while SharpLink follows with 837,230 ETH valued at $3.69 billion [8] Other Cryptocurrencies - The top DAT firms collectively command $133.45 billion in various cryptocurrencies, with Bitcoin, Ethereum, Solana, and Binance Coin being the most popular [7] - Solana, while ranked sixth by market cap, is the third most-traded cryptocurrency by volume, excluding stablecoins [9]

Group 1 - YieldMax has introduced the MSTR Option Income Strategy ETF (MSTY), which previously yielded triple digits, creating demand for a similar Canadian investment vehicle [1] - The author has a background in luxury real estate auctions and has been analyzing stock investments since the age of 14, focusing on income investments and undervalued stocks with long-term growth potential [1] - The primary investment strategy involves purchasing high-yield income ETFs and growth stocks, particularly in the sports, real estate, and technology sectors [1]

Group 1: Corporate Crypto Treasury Movement - The corporate crypto treasury movement is transitioning to a competitive phase, with public companies holding over 1 million Bitcoin valued at $110 billion and digital asset treasuries controlling $215 billion across 213 entities [1][2] - Most participants in the corporate crypto treasury space face potential failure during adverse credit cycles, indicating structural vulnerabilities [1][5] Group 2: Leading Companies and Strategies - MicroStrategy, now known as Strategy Inc, leads the corporate crypto movement with 638,460 BTC and recorded $14.05 billion in unrealized gains during Q2 2025 [2][3] - The company's aggressive accumulation strategy has inspired many imitators, but the scarcity premium enjoyed by early movers has diminished due to competitive pressures [2][4] Group 3: Market Dynamics and Regulatory Changes - The corporate Bitcoin treasury model was pioneered by Strategy in 2020, utilizing convertible bonds and equity raises, with other firms like MARA Holdings and XXI also accumulating significant Bitcoin [3][4] - Nasdaq has tightened supervision requirements for digital asset treasuries, necessitating shareholder approval for certain transactions, reflecting a shift in the regulatory landscape [3][4] Group 4: Financial Strategies and Risks - Strategy has abandoned its self-imposed market-to-net-asset-value threshold for stock sales due to funding pressures and is facing multiple class-action lawsuits [4] - Many Bitcoin treasury companies operate as unprofitable entities or rely on mark-to-market gains for solvency, highlighting critical flaws in their strategies [5][6] Group 5: Comparison with Traditional Assets - The strategy of acquiring scarce assets mirrors historical wealth-building methods but lacks the yield-generating potential seen in real estate [6] - Bitcoin treasury companies engage in negative-carry trades, borrowing fiat currency to acquire non-yielding assets without adequate risk mitigation mechanisms [6]

Core Insights - MicroStrategy's Executive Chair Michael Saylor criticized the S&P 500's returns by comparing them to his company's performance since adopting a Bitcoin treasury strategy [1][2] - MicroStrategy achieved an annualized return of 92%, significantly outperforming Bitcoin at 55%, the S&P 500 at 14%, Vanguard Real Estate Index Fund ETF at 2%, and Vanguard Total Bond Market Index Fund ETF at -4% [2] - Despite meeting all criteria, MicroStrategy was not included in the S&P 500, which instead added AppLovin, Emcor Group, and Robinhood [4] Company Performance - MicroStrategy is the largest corporate holder of Bitcoin, with over 638,000 BTC valued at nearly $72 billion [5] - Inclusion in the S&P 500 would have marked a significant milestone for both MicroStrategy and Bitcoin, providing millions of investors indirect exposure to Bitcoin [5] Market Sentiment - Saylor expressed optimism about future inclusion in the S&P 500, noting a digital transformation in the markets and increasing support from various sectors [6] - MicroStrategy would have been the first digital asset treasury firm in the S&P 500, joining other cryptocurrency-linked firms like Coinbase and Block [7]