Why Strategy’s Bold 168-Bitcoin Bet During Market Chaos Could Change Everything You Thought About Crypto Investing

Why Strategy’s Bold 168-Bitcoin Bet During Market Chaos Could Change Everything You Thought About Crypto Investing

Ever wonder what it takes for a corporate giant to keep stacking Bitcoin when the crypto seas are anything but calm? Strategy—formerly known as MicroStrategy—is not just dipping its toes but diving headfirst into the Bitcoin ocean, snapping up a whopping 168 BTC even after the Black Friday crypto crash stirred the waters. But here’s the kicker: how exactly does a company fund such bold moves without breaking a sweat? Through a crafty dance with its perpetual preferred stocks and an expanded “42/42” equity plan, Strategy’s method isn’t just about buying Bitcoin; it’s about mastering the art of leverage and long-term conviction in a volatile market. While the digital currency dipped, Strategy’s stock found a way to climb, illustrating a fascinating tug-of-war between market sentiment and institutional grit. Curious to see how this playbook unfolds and what it signals for the future of corporate Bitcoin holdings? LEARN MORE

Key Takeaways

How does Strategy fund its Bitcoin purchases?

The purchases are funded through at-the-market (ATM) sales of its perpetual preferred stocks (STRK, STRF, STRD, STRC) and its broader “42/42” equity plan.

How did the market react to Strategy’s purchases?

MSTR stock traded at $296.61, up 2.33%, while Bitcoin was at $107,792.91 after a 3.14% drop in 24 hours.


Bitcoin [BTC] treasury giant Strategy (formerly MicroStrategy) continues its aggressive accumulation strategy despite market volatility.

Last week, the company purchased 168 BTC for approximately $18.8 million at an average price of $112,051 per coin. This purchase was made after the market sell-off triggered by the Black Friday crypto crash on the 10th of October. 

Between the 13th and the 14th of October, the company completed the acquisition. As a result, Strategy now holds a total of 640,418 BTC. 

And the average cost across all purchases stands at $74,010 per BTC.

Strategy’s funding tactics

Strategy funded its latest Bitcoin acquisitions using proceeds from at-the-market (ATM) sales of its perpetual preferred stocks, STRK, STRF, and STRD.

The company’s ATM programs include $21 billion for STRK, $4.2 billion for STRF, and $4.2 billion for STRD, alongside $2.1 billion for STRC, supplementing its broader “42/42” plan.

This initiative, upsized from the original “21/21” strategy, aims to raise a total of $84 billion in equity offerings and convertible notes for Bitcoin purchases through 2027. This reflects Strategy’s commitment to long-term accumulation.

The announcement coincided with Strategy’s MSTR stock trading at $296.61, marking a 2.33% gain according to Google Finance.

Strategy’s rising confidence in Bitcoin

While critics like gold advocate Peter Schiff questioned the timing and average purchase price, Strategy remains a benchmark for institutional Bitcoin adoption.

Additionally, data from BitBo shows the company holds 640,031 BTC, valued at roughly $71.84 billion, making it the world’s largest corporate Bitcoin holder.

Finally, CoinGecko’s Bitcoin Treasury Holdings data further confirms the firms’s leading position, highlighting its role as a trailblazer in integrating Bitcoin into corporate reserves. 

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