MicroStrategy Acquires 10,624 Bitcoin for $963 Million – Holdings Grow to Over 660,000 BTC

Billion-Dollar Purchase Despite Price Weakness

MicroStrategy, now operating under the official name Strategy, has made another massive investment in Bitcoin. As the company disclosed in a filing with the U.S. Securities and Exchange Commission on December 8, Strategy acquired 10,624 Bitcoin between December 1 and 7 for approximately $962.7 million ^[4]. The average purchase price was $90,615 per Bitcoin ^[1].

With this purchase, the company was able to expand its Bitcoin holdings at a discount of nearly 30 percent compared to the all-time high ^[1]. Following this acquisition, Strategy now holds a total of 660,624 BTC acquired at an average price of $74,696 per Bitcoin ^[4]. The total investment amounts to approximately $49.35 billion, with a current market value of $59 billion ^[1].

Financing Through Share Sales

The Bitcoin purchases were financed through the sale of company stock. Strategy sold approximately 5.13 million Class A common shares during the period, generating net proceeds of around $928.1 million ^[4]. Additionally, 442,536 Series A preferred shares with a 10 percent dividend rate were sold, generating an additional $34.9 million ^[4].

For the ongoing year 2025, MicroStrategy reports a BTC yield of 24.7 percent. This metric describes the ratio of held Bitcoin to the number of issued MSTR shares ^[1].

Meeting With Middle Eastern Sovereign Wealth Funds

Parallel to the Bitcoin purchases, founder and Executive Chairman Michael Saylor is intensifying efforts to attract institutional investors to Bitcoin-based financial products. At the Bitcoin MENA Conference in Abu Dhabi, Saylor confirmed that he met with sovereign wealth funds, banks, hedge funds, and regulatory authorities in the region ^[2].

"My message is very simple. We now have digital capital. Bitcoin is digital capital. It is digital gold," Saylor explained ^[3]. Additionally, he presented his vision for a new asset class called "Digital Credit" – Bitcoin-based credit instruments that "separate volatility from capital and deliver returns" ^[3].

Saylor's ideas for institutional investors encompass three tiers: The "big idea" is the purchase of Bitcoin, BTC credit instruments, or shares of Bitcoin-treasury companies ^[2]. The "bigger idea" is that banks accept Bitcoin as loan collateral, thus attracting capital from Bitcoin holders worldwide ^[2]. The "biggest idea" is the creation of "High Powered Digital Money" through money market funds based on preferred shares of Bitcoin-treasury companies ^[2].

Challenges From Potential MSCI Exclusion

Despite the aggressive purchase strategy, the MSTR stock is under pressure. A JPMorgan report warns of a potential exclusion of crypto-treasuries from the MSCI index universe ^[1]. Should this occur in January, it could result in capital outflows of approximately $2.8 billion ^[1].

Additionally, the company recently built a dollar reserve of $1.44 billion to address concerns about its ability to meet dividend and payment obligations ^[4]. CEO Phong Le emphasized that rumors of payment difficulties are unfounded and merely incite short positions against Bitcoin ^[4].

Nevertheless, Saylor reiterated on social media that Strategy "will not back down from its Bitcoin bet" ^[3]. The company continuously publishes current data on its Bitcoin holdings and performance metrics on a public dashboard ^[4].