In a recent corporate disclosure, Strategy (MSTR) announced it had bolstered its reserves with an additional 21,021 bitcoin. The acquisition, which took place between July 28 and August 3, 2025, amounted to a total expenditure of $2.46 billion, reflecting an average cost of $117,256 per bitcoin.
Financing for this significant purchase was sourced from a recent offering of the company’s preferred stock. Strategy successfully placed 28,011,111 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock with the public on July 29, selling them at a price of $90.00 each and raising approximately $2.521 billion in gross capital.
This latest transaction elevates Strategy’s total bitcoin treasury to 628,791 coins as of August 3, 2025. The cumulative cost for this entire holding now stands at $46.08 billion, which establishes the company’s new average acquisition cost at $73,277 per bitcoin.
The company also noted in its report that no securities were sold during this period through any of its five at-the-market (ATM) offering programs. Strategy retains a substantial issuance capacity of $47.76 billion across these programs, which were set up between March and July 2025. This available capital is allocated as follows: $17.04 billion in common stock, $20.45 billion in STRK preferred shares, and a combined $10.26 billion across its STRF, STRD, and STRC preferred share series. To maintain transparency, Strategy provides a public dashboard on its website with updated information on market prices and its bitcoin treasury.
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