Bitcoin treasury firm Strategy (NASDAQ: MSTR) acquired 855 bitcoin for roughly $75.3 million between January 26 and February 1, bringing its total treasury to 713,502 BTC. Filings indicate the total investment in bitcoin now stands at $54.26 billion. The aggregate purchase price across the entire portfolio averages $76,052 per bitcoin. The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis. Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts ...

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]

Group 1 - The company announced an increase in the dividend on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) from 10% to 10.25% [1] - The new annualized rate will result in a cash dividend of $0.854166667 per share for the month ending October 31, 2025, effective for monthly periods starting October 1 [1] - The dividend payment is scheduled for October 31 to holders of record as of 5:00 p.m. EST on October 15 [1] Group 2 - The adjustment in the dividend reflects STRC's variable-rate feature, which allows for monthly resets based on the board's declaration to maintain the market price around the $100 stated amount [2] - The company currently has $4.2 billion in its STRC at-the-market offering [2]