Strategy continues to aggressively build its Bitcoin position, undeterred by high price levels. According to the Form 8-K filed on January 26, 2026, with the U.S. Securities and Exchange Commission (SEC), the company acquired 2,932 Bitcoin between January 20 and January 25. The accumulation cost $264.1 M, with an average execution price of $90,061 per coin.
Portfolio Status
As of January 25, 2026, Strategy holds 712,647 BTC on its balance sheet. The aggregate cost basis for this portfolio has reached $54.19 B.
The average entry price across the entire holding is $76,037 (inclusive of fees and expenses). The current acquisition at $90,000+ continues to drag the average cost basis upward, yet the company maintains its accumulation strategy without deviation.
Liquidity Source
The transaction was funded via the traditional ATM route—selling shares “at the market.” Over the reported five-day period, Strategy sold:
- 1,569,770 Class A shares (ticker MSTR): net proceeds totaling $257 M.
- 70,201 Series A “Stretch” preferred shares (ticker STRC): net proceeds totaling $7 M.
In total, the equity sales generated $264 M for the issuer, which was deployed into Bitcoin almost immediately and in full.
Reserves for Future Purchases
The report also highlights the potential for further pressure on the order book. Strategy retains a significant inventory of unsold securities under its registered offering.
The following amounts are available for future issuance and conversion into BTC:
- MSTR (Class A Common Stock): $8.17 B.
- STRK (Series A “Strike”): $20.33 B.
- STRD (Series A “Stride”): $4.01 B.
- STRC (Series A “Stretch”): $3.62 B.
- STRF (Series A “Strife”): $1.61 B.
The company also updated its corporate dashboard, confirming the figures for investors. The document was certified by Executive Vice President and General Counsel Thomas C. Chow.
This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.