One of the most aggressive Bitcoin-buying companies in the world, Strategy Inc., has just made its largest weekly Bitcoin purchase since July.
Key Takeaways
- Strategy Inc. purchased 10,624 BTC for $962.7 million, funded through stock and preferred equity sales
- This brings their total holdings to 660,624 BTC, acquired at an average price of $74,696 per Bitcoin
- Michael Saylor called Bitcoin “digital capital” and is promoting a new concept he calls “digital credit”
- The company also disclosed a $1.44 billion cash reserve to ease investor concerns about dividend payments
What Happened?
Strategy Inc., led by Michael Saylor, revealed it acquired 10,624 Bitcoin between December 1 and December 7, 2025. This marks the company’s biggest weekly BTC buy since July, signaling growing confidence and institutional appetite for digital assets. Saylor also said he’s speaking with sovereign wealth funds and other large financial players to further Bitcoin adoption.
Strategy has acquired 10,624 BTC for ~$962.7 million at ~$90,615 per bitcoin and has achieved BTC Yield of 24.7% YTD 2025. As of 12/7/2025, we hodl 660,624 $BTC acquired for ~$49.35 billion at ~$74,696 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/oyLwSuW7nW
— Michael Saylor (@saylor) December 8, 2025
Strategy’s Bold Bitcoin Accumulation
According to a Form 8-K filing with the U.S. Securities and Exchange Commission, Strategy Inc. spent $962.7 million at an average price of $90,615 per Bitcoin for its latest purchase. This brings their total Bitcoin holdings to 660,624 BTC, valued at approximately $49.35 billion, with an average acquisition cost of $74,696.
The company funded this purchase primarily through its at-the-market (ATM) equity offerings, which included:
- Selling 5.13 million shares of MSTR common stock for about $928.1 million.
- Issuing 442,536 shares of its 10.00% Series A Perpetual STRD Preferred Stock, raising another $34.9 million.
No shares were sold from its other preferred stock lines like STRF, STRC, or STRK during this period.
This aggressive move adds to Strategy’s reputation as the largest corporate holder of Bitcoin, positioning itself as a digital gold vault on the public markets.
Bitcoin as “Digital Capital” and the Rise of “Digital Credit”
At the Bitcoin MENA Conference in Abu Dhabi, Michael Saylor gave deeper insight into his philosophy, calling Bitcoin “digital capital” and likening it to digital gold.
He introduced a new term, “digital credit”, which he says is the next evolution in blockchain-based finance. According to Saylor, digital credit aims to strip out volatility from capital while providing yield, much like a bond instrument.
Using an analogy, he explained, “If you have a five-year-old kid, you can give them a million dollars worth of land in Manhattan, or you can give them a credit instrument that pays them $10,000 a month.” In his view, Bitcoin provides the stable capital base, while digital credit becomes the yield-generating layer on top of it.
Saylor also revealed ongoing discussions with sovereign wealth funds, hedge funds, banks, family offices, and global regulators to further expand Bitcoin’s reach at the institutional level.
Addressing Dividend Fears and Building Reserves
Strategy also announced the establishment of a $1.44 billion U.S. dollar reserve, addressing recent investor concerns over its ability to meet dividend obligations.
CEO Phong Le tackled rumors head-on, saying:
The company has emphasized that it maintains a public dashboard to provide real-time data on its Bitcoin holdings, securities, and key performance indicators, in accordance with Regulation FD.
CoinLaw’s Takeaway
In my experience watching this space, no public company has leaned into Bitcoin like Strategy Inc.. This move isn’t just about hedging against inflation or diversifying a balance sheet. It’s a full-scale transformation of how a tech company can act like a sovereign entity, storing wealth in Bitcoin while funding operations through traditional equity markets. I found Saylor’s idea of “digital credit” genuinely intriguing. While it might take time to evolve, his framing of Bitcoin as undiluted capital and digital credit as its yield-bearing cousin could shape how institutional finance thinks about blockchain in the years ahead.
