Strategy buys 1,587 more bitcoin in $100 million deal

Michael Saylor’s Strategy added another 1,587 bitcoin to its treasury last week, spending about $100 million in a purchase that keeps the company’s accumulation machine running at full speed.

The latest buy was executed at an average price of $63,024 per bitcoin, according to the company. That puts the total footprint of the deal squarely in line with Strategy’s long-running playbook: raise capital, convert it into BTC, and let the balance sheet do the talking.

Strategy has become the clearest public-market proxy for bitcoin itself. Every new purchase matters because it reinforces the company’s thesis that BTC is the superior long-term reserve asset, while also increasing the amount of bitcoin price risk sitting on its books. When the coin is rising, that leverage can work in shareholders’ favor. When bitcoin weakens, the same structure can cut the other way.

The firm’s approach has helped turn Strategy into a heavily watched equity among crypto traders and macro funds alike. Its stock often trades less like a software company and more like a leveraged bitcoin vehicle, with investors using it to express a directional view on BTC without holding the token directly.

The size of this purchase is not trivial, but it is also consistent with what Strategy has been doing for months. The company has continued to add coins through market swings, leaning on its access to capital markets rather than waiting for cleaner entry points. That persistence has made its treasury strategy one of the market’s most closely followed corporate bets.

For now, the key watch item is simple: whether bitcoin can hold above the area where Strategy just bought, and whether the company keeps using fresh funding to add on dips. Any slowdown in issuance, a tighter equity market, or a sharper BTC pullback would change the math fast.