MicroStrategy has executed its second billion-dollar acquisition in as many weeks, adding 10,645 Bitcoin to its treasury for approximately $980.3 million. The purchase, confirmed in a Form 8-K filing and a post by Chairman Michael Saylor, was executed at an average price of $92,098 per coin, roughly 2.9% above Monday’s spot price of $89,500.
The Monday Ritual
The acquisition brings the company’s total holdings to 671,268 BTC, valued at a cost basis of $50.33 billion. The aggregate average cost per bitcoin now stands at roughly $74,972. Saylor highlighted the firm’s "BTC Yield", a proprietary KPI measuring the accretion of bitcoin per share, which has hit 24.9% year-to-date.
Funding for this tranche was derived primarily from the sale of Class A common stock (MSTR) and Series A Perpetual Strike Preferred Stock via the company’s At-The-Market (ATM) equity offering. The relentless issuance strategy continues to dilute shares to accrete bitcoin, a mechanism Saylor has previously described as "intelligent leverage."
MicroStrategy has acquired 10,645 BTC for ~$980.3 million at ~$92,098 per bitcoin and has achieved BTC Yield of 24.9% YTD 2025. As of 12/14/2025, we hodl 671,268 $BTC acquired for ~$50.33 billion at ~$74,972 per bitcoin.
Underwater on the Week
The timing of the purchase is notable. With Bitcoin trading near $89,500 and the Crypto Fear & Greed Index flashing "Extreme Fear," MicroStrategy is immediately underwater on this specific $980 million tranche. The aggressive buy-side pressure suggests the firm is adhering strictly to its capital deployment schedule rather than timing local bottoms.
MSTR shares showed weakness in pre-market trading, sliding 2.6% to $179.85, reflecting broader risk-off sentiment across crypto-equities.
