Billionaire Michael Saylor’s company has significantly enhanced its bitcoin holdings, acquiring an additional 22,305 bitcoins at a cost of approximately $2.13 billion. This acquisition, announced on January 20, 2026, marks a continuation of the company’s aggressive strategy to bolster its bitcoin portfolio. The bitcoins were procured at an average price of around $95,284 per BTC, including associated fees and expenses.
The latest purchase comes on the heels of fundraising activities conducted between January 12 and January 19, through the company’s at-the-market (ATM) equity and preferred stock programs. According to recent filings, the company raised about $2.125 billion in net proceeds during this period through a combination of equity and preferred stock issuances. Notably, 2.95 million STRC shares were sold for $294.3 million in net proceeds, while the issuance of 10.4 million MSTR shares generated $1.83 billion.
The funds obtained from the ATM program were allocated directly to bitcoin purchases, reaffirming the company’s long-standing strategy of converting capital raised in traditional markets into bitcoin exposure. Following this latest acquisition, the firm now holds a total of 709,715 bitcoins, valued at approximately $53.92 billion based on an average purchase price of $75,979 per BTC. This makes it the largest corporate holder of bitcoin worldwide, with its total bitcoin holdings representing over 3% of the cryptocurrency’s circulating supply.
Despite acquiring bitcoins at prices higher than its historical cost basis, the company remains focused on long-term accumulation rather than short-term price fluctuations. While the recent tranche was bought near market highs, earlier purchases were made at significantly lower prices, allowing the firm’s blended acquisition cost to remain favorable.
The strategy’s persistent use of preferred stock issuance and equity sales is part of an intentional effort to diversify funding sources and reduce reliance on operational cash flows. The company still holds more than $8.4 billion in MSTR stock, with additional billions in preferred securities available for future issuance under its ATM programs.
In the face of increasing volatility in cryptocurrency markets and ongoing regulatory uncertainty, the firm has maintained a bitcoin-centric capital allocation model, reinforcing bitcoin’s status as its primary treasury reserve asset. This recent purchase exemplifies the company’s steadfast belief in bitcoin as a long-term store of value and its role as a monetary asset.
The company’s ongoing commitment to accumulating bitcoin positions it as a key player in the evolving market landscape, particularly as bitcoin enters a more institutionally driven phase of maturity.
