Billionaire Michael Saylor’s Strategy Scoops 13,627 Bitcoin for $1.25B

Core Insights - The company acquired an additional 13,627 Bitcoin between January 5 and January 11, spending approximately $1.25 billion at an average price of $91,519 per BTC, solidifying its position as the largest corporate holder of Bitcoin globally [1] - As of January 11, total Bitcoin holdings reached 687,410 BTC, with an aggregate cost of approximately $51.80 billion and an average purchase price of $75,353 per Bitcoin, indicating a strong long-term conviction in Bitcoin as a treasury reserve asset [2] - The Bitcoin purchases were funded through proceeds from the sale of shares under the company's at-the-market (ATM) programs, including both common and preferred equity [3] Funding and Capital Structure - During the acquisition period, the company sold 1,192,262 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, generating $119.1 million, and 6,827,695 shares of MSTR Class A common stock, raising $1.13 billion in net proceeds [4] - The company reported substantial remaining capacity for future issuance, including over $20.3 billion under STRK, $4.0 billion under STRD, $3.9 billion under STRC, and $1.6 billion under STRF, along with over $10.2 billion available under its MSTR common stock program [5][6] Strategic Positioning - The company's strategy emphasizes Bitcoin as the core asset on its balance sheet, with a willingness to deploy capital regardless of short-term price fluctuations, as indicated by its average acquisition price being below recent market highs [7]