The strategy, the business intelligence firm previously known as Microstrategy, has reinforced its Bitcoin position with another great purchase.
In a presentation of September 2 before the United States Stock Exchange and Securities Commission (SEC), the company reported having acquired 4,048 BTC for $ 449.3 million, paying an average of $ 110,981 per currency.
The total Bitcoin balance of Move’s movement strategy at 636,505 BTC, obtained at a combined cost of $ 46.95 billion, or approximately $ 73,765 per currency. At current market prices, that stash is valued at $ 69.24 billion.
According to Bitcoin Treasury data, the company’s holdings now represent just over 3% of Bitcoin’s maximum supply, which gives the strategy one of the largest corporate positions in the asset.
After this purchase, the strategy announced that it had adjusted the dividends rate in its preferential actions of STRC, which increases the annual payment from 9% to 10%. Safety, launched in July, is not convertible and is designed to deliver variable rate income.
‘Reduced lever’
The last agreement was financed through a combination of offers of common and preferred shares.
According to the presentation, the strategy sold 1.24 million shares of its common actions of class A for $ 425.3 million. The company raised the balance of $ 46.5 million through its preferential shares programs, including Strk, Strf and Strd.
This imbalance caused criticism of the short seller James Chanos, who has publicly opted against the company.
Chanos argued that the great dependence on ordinary shares suggests that investors remain distrustful of the favorite offers, which are structured for income applicants and participants of greater risk.
He wrote:
“Mstr continued to reduce his leverage last week. 90% of his values sold were from the A cashier of common capital.”
Despite Chanos’ claim, the strategy has already raised $ 5.6 billion in 2025 through the initial public offers of these values. In particular, the OPIs represent 12% of all the initial public offers of the United States this year.
Taking this into account, the supporters of the strategy continue to argue that there is a significant demand for these assets in the market.
