Strategy expands Bitcoin treasury with $51,4 million purchase

• Strategy accumulates 629.376 BTC in its corporate treasury
• Purchase of 430 bitcoins cost US$51,4 million
• Company follows aggressive financing model via preferred shares

Strategy, the world's largest Bitcoin treasury firm, announced the acquisition of 430 BTC for approximately $51,4 million, at an average price of $119.666 per unit. With this transaction, the company increased its total reserves to approximately 629.376 BTC, valued at over $72 billion at current prices.

Strategy has acquired 430 BTC for ~$51.4 million at ~$119,666 per bitcoin and has achieved BTC Yield of 25.1% YTD 2025. As of 8/17/2025, we hodl 629,376 $ BTC acquired for ~$46.15 billion at ~$73,320 per bitcoin. $ MSTR $STRC $STRK $STRF $STRD

— Michael Saylor (@saylor) August 18, 2025

Funding for this purchase came from preferred stock programs. Between August 11th and 17th, the company issued tranches of STRK, STRF, and STRD, raising over $50 million in net capital. These instruments offer coupons between 8% and 10% and are part of the aggressive financing strategy that supports the company's ongoing bitcoin acquisitions.

According to SEC filings, the company still has significant issuance capacity, with billions of dollars in potential available for new funding. This structure aligns with the "42/42" plan, which aims to reach $84 billion in capital allocated for BTC purchases by 2027, an expansion of the company's previous "21/21" plan.

Michael Saylor, co-founder and CEO of Strategy, noted that the firm has invested approximately $46,2 billion since 2020, averaging $73.320 per bitcoin. The current balance generates approximately $26 billion in unrealized gains, solidifying the company as a benchmark in the corporate cryptocurrency market.

The move also gained traction after Saylor posted the phrase "Not enough orange" on X, accompanied by SaylorTracker data indicating a balance of nearly 629 BTC. Analysts interpreted the post as a sign of further purchases in progress.

In the second quarter of 2025, Strategy reported record net income of $10 billion and $14 billion in operating income, driven by the new accounting standard that allows digital assets to be recorded at fair market value. This favorable environment strengthened the company's ability to access financing at a premium to its net asset value in Bitcoin, according to Wall Street analysts.

With this continuous accumulation strategy, the company now holds nearly 3% of the entire maximum supply of 21 million bitcoins, reinforcing its position as a leader among institutional holders of the asset.