Back
Strategy (MSTR) Buys 10,624 Bitcoin for $962.7 Million Amid Price Rebound

Strategy (MSTR) Buys 10,624 Bitcoin for $962.7 Million Amid Price Rebound

The largest publicly traded Bitcoin-holding company expanded its reserves to 660,624 BTC, funded mainly through stock sales, as Bitcoin topped $94,000.

BTC

Fact Check
The assessment is "likely_true" with high confidence based on strong, consistent evidence from the most credible sources provided. The primary source of evidence, Yahoo Finance, is a highly authoritative (0.95) and perfectly relevant (1.00) financial data portal. Its summary explicitly states that its news feed mentioned a recent 11.2% drop in MicroStrategy's stock price. A drop of 11.2% directly supports the claim of a drop of "nearly 11%".This primary evidence is corroborated by two secondary sources (a Medium blog post and a SkyBitcoins article). While these sources have low authority, they are highly relevant and independently report the same event—an 11% drop in a single session. Other sources provided were either irrelevant to the specific claim about MSTR's stock price (discussing Bitcoin, general market updates, or related ETFs) or were confusingly described. Crucially, no source provided any conflicting evidence to suggest the event did not happen. The convergence of a high-authority primary data source and multiple secondary sources on the same fact makes the statement very likely to be true.
Summary

Strategy (MSTR) acquired 10,624 Bitcoin last week for $962.7 million at an average price of $90,615 each, funded primarily by $928.1 million in common stock sales and $34.9 million from preferred stock issuance. This purchase raises the company’s Bitcoin holdings to 660,624 BTC, acquired at an average cost of $74,696. Bitcoin’s price climbed 3% over the past 24 hours to $94,000, while MSTR shares rose 2.1% in premarket trading to $182.74, though still down over 50% in six months. Executive Chairman Michael Saylor, currently at the BTC Conference in Abu Dhabi, met with sovereign wealth funds, banks, family offices, and hedge funds to promote institutional Bitcoin adoption.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, the first and largest cryptocurrency by market capitalization.
  • Preferred stock: A class of ownership in a corporation with a higher claim on assets and earnings than common stock, often providing fixed dividends.