Strategy (MSTR) on track for second-biggest BTC buying quarter

Strategy (MSTR), already the world's biggest corporate holder of bitcoin, has purchased 89,618 BTC so far this year, taking its total to 761,068 BTC. With two Mondays remaining in the quarter, the company could announce additional buys, putting this on track to be its second-largest quarterly accumulation.

Only the fourth quarter of 2024 was larger, when Strategy added 194,180 BTC. In November of that year the company made three of its five biggest purchases—27,200 BTC, 51,780 BTC and 55,500 BTC—as the bitcoin price climbed to $100,000 from $70,000 following President Donald Trump’s second election victory.

The past three months, by contrast, have seen bitcoin slip to more than 40% below October's $126,000 record high, and Strategy’s common stock has fallen 15%. Recent purchases were partly funded by sales of the company’s perpetual preferred offering, Stretch (STRC), which accounted for up to 15,000 BTC over the past two weeks.

United States

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