Strategy Accumulates More Bitcoin as Tariff Exemptions Propel Tech Stocks Higher

The company, previously known as MicroStrategy, purchased approximately 3,450 Bitcoin equivalent to $286 million last week, as noted in a recent filing with the Securities and Exchange Commission.

Marking its third consecutive Monday Bitcoin acquisition disclosure, the Virginia-based firm now possesses 531,644 Bitcoin valued at $45.2 billion, based on current market prices. The average purchase price for Bitcoin last week was reported to be $82,600, the company revealed.

The firm, having pivoted from software development to focusing on Bitcoin treasury management, also disclosed the sale of one million Class A common shares as part of an at-the-money offering program initiated in October. Through this program, the company has the potential to issue an additional $2 billion in common shares, as well as substantial amounts of preferred perpetual stock.

On Monday, shares of the firm gained 4% to approximately $312, coinciding with a 1.5% rise in the tech-heavy Nasdaq, which continued its recovery after the White House announced that smartphones and computers would be exempt from extensive tariffs, including a 125% levy on goods from China, according to Nasdaq.

Monday’s trading activity marks a significant reversal following a week of heightened uncertainty, during which the firm indicated it might need to liquidate Bitcoin holdings to fulfill financial obligations. Amid trade-related anxieties, shares fell to a low of $236, representing a drop of about 32% from Monday’s opening price.

“No Tariffs on Orange Dots,” remarked Michael Saylor, co-founder and Executive Chairman of the company, on X, previously known as Twitter, on Sunday, referring to the visual representation of Bitcoin purchases on Saylor Tracker.

Currently, Bitcoin is trading at around $85, reflecting an increase of approximately 8.3% over the past week, according to data from CoinGecko. Its value has been relatively stable over the past month.

Since it began accumulating Bitcoin in 2020, the company has emerged as the largest corporate holder of the asset globally. As it has adapted to its role as a Bitcoin treasury firm, it has raised billions in debt to acquire more Bitcoin than it could through cash reserves alone.

With 531,600 Bitcoin, the firm far exceeds the next largest corporate holder, Bitcoin miner Marathon Digital, which holds around 47,500 Bitcoin, as reported by Bitcoin Treasuries. At present, the company’s holdings represent over 2.5% of the total Bitcoin supply.

The Tokyo-based investment firm Metaplanet, which initiated its Bitcoin purchases last May, announced on X on Monday that it had acquired 319 Bitcoin valued at $27 million. In total, the company now holds 4,525 Bitcoin worth approximately $385 million.

Among publicly traded entities, Metaplanet currently ranks as the 10th largest Bitcoin holder, according to Bitcoin Treasuries.

Edited by James Rubin