Strategy has done it again. The company has announced its sixth consecutive weekly Bitcoin purchase, acquiring 1,955 BTC for $217.4 million. This aggressive move comes just days after the company was surprisingly snubbed for inclusion in the prestigious S&P 500 index, despite meeting all the necessary criteria.
The Details of the Latest Purchase
The company continues to execute its Bitcoin-focused strategy with remarkable consistency.
- Bitcoin Purchased: 1,955 BTC
- Total Spent: $217.4 million
- Average Price Paid: $111,196 per Bitcoin
- New Total Holdings: 638,460 BTC
- Total Investment: $41.17 billion
- Average Cost Basis: $73,880 per bitcoin
- Year-to-Date Yield: 25.8%
How the Purchase Was Funded
In a now-familiar pattern, Strategy funded this purchase primarily by selling its own stock.
- MSTR Shares Sold: 591,606 shares for $200.5 million
- Other Share Sales: An additional $16.8 million was raised from selling other share classes (STRF and STRK).
This demonstrates the company’s commitment to prioritizing Bitcoin accumulation, even if it means diluting its own equity.
The S&P 500 Snub
The purchase adds an interesting layer to a disappointing week for the company. Strategy was widely expected to be added to the S&P 500 index after meeting all the necessary criteria.
However, the index committee selected Robinhood, AppLovin, and Emcor instead. Despite this setback, Michael Saylor and his company remain completely focused on their long-term Bitcoin strategy, seemingly unfazed by the rejection from traditional finance.
Saylor’s “Needs More Orange” Signal
As usual, Executive Chairman Michael Saylor telegraphed the move with a cryptic social media signal. The day before the announcement, he posted a picture of the company’s Bitcoin portfolio tracker with the caption, “Needs More Orange.”
This phrase has become a reliable indicator for the crypto community that a new purchase is imminent, reinforcing Saylor’s role as Bitcoin’s most prominent corporate evangelist.
The Bottom Line
Strategy’s latest purchase reinforces its unwavering commitment to being a Bitcoin development company. While the S&P 500 snub is a short-term disappointment, it hasn’t deterred the company’s long-term vision. By holding over 3% of Bitcoin’s total supply, Strategy has made an irreversible bet on the future of the digital asset, proving that its strategy is far bigger than any single stock index inclusion.
