TL;DR
- Strategy bought 10,645 BTC for about $980.3 million, lifting its holdings to 671,268 BTC and reporting a total investment of $50.33 billion.
- The company raised roughly $989 million through at-the-market sales of common and preferred shares.
- MSTR shares are trading within a support zone formed in 2024; $231 is a key level, while $340 stands as the technical target.
Strategy carried out a new Bitcoin purchase of 10,645 BTC, investing approximately $980.3 million at an average price of $92,098 per coin.
With this transaction, the company increased its total holdings to 671,268 BTC. In aggregate, Strategy said it has invested $50.33 billion to build its entire treasury, at an average acquisition price of $74,972 per bitcoin. It also reported a cumulative “BTC Yield” of 24.9% year to date in 2025, a metric it uses to measure the performance of its BTC-focused strategy.
The company also disclosed an update on its at-the-market (ATM) share issuance program. Between December 8 and December 14, Strategy sold 4,789,664 Class A shares, generating net proceeds of $888.2 million after commissions. This was complemented by $100.8 million in preferred share sales, tied to the STRF, STRK, and STRD instruments. In total, the company raised approximately $989 million during that period, without yet tapping the available capacity under other preferred share programs.
Strategy Sparks a Shareholder Dilution Debate
These sales fueled a debate over dilution among investors and analysts on social media. Some critics argued that issuing common shares dilutes existing shareholders and that the use of preferred stock could place additional pressure on common equity due to dividend obligations. Strategy did not address these claims in its regulatory filing, which focused solely on detailing the amounts raised, the instruments used, and the remaining issuance capacity.
Key Levels for MSTR
From a technical analysis perspective, traders noted that Strategy’s shares (MSTR) are trading within a support zone established in mid-2024. A chart shared by trader Donald Dean highlighted key support around $231 and a potential target at $340, identified as a “volume shelf.” In the most recent session, MSTR fell roughly 7.9%, closing near $162.47, with volume of about 15.9 million shares
