Strategy Buys More Bitcoin as Tariff Exemptions Send Tech Stocks Soaring

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Strategy, formerly known as MicroStrategy, acquired around 3,450 Bitcoin worth $286 million last week, the company said in a Securities and Exchange Commission filing.


Unveiling a Bitcoin purchase for the third straight Monday, the Tysons, Virginia-based firm now owns 531,644 Bitcoin worth $45.2 billion, based on the asset’s current price.Strategy paid an average price of $82,600 per Bitcoin last week, it added.


Strategy, which has shifted its focus from software development to become a Bitcoin treasury, said it meanwhile sold one million Class A common shares through an at-the-money offering program unveiled in October. Under the initiative, Strategy said it can still issue an additional $2 billion worth of common shares, alongside swaths of preferred perpetual stock.


Strategy’s shares rose 4% on Monday to around $312, as the tech-heavy Nasdaq surged 1.5%, adding on to last week’s recovery after the White House said smartphones and computers would be exempt from sweeping levies, including 125% taxes on Chinese goods, per Nasdaq.



Monday’s price action represents a dramatic turnaround after investors navigated outsized uncertainty last week, including a disclosure from Strategy that it may ultimately need to sell Bitcoin to meet its financial obligations. Amid tariff-linked concerns, Strategy’s shares fell as low as $236, or around 32% below their opening on Monday.


“No Tariffs on Orange Dots,” Strategy co-founder and Executive Chairman Michael Saylor said on X, formerly Twitter, on Sunday, referring to the way Bitcoin buys look on Saylor Tracker.


The price of Bitcoin was recently changing hands around $85 on Monday, showing a roughly 8.3% increase of the past week, according to CoinGecko. Over the past month, it’s virtually flat.


Strategy has become the world’s largest corporate holder of Bitcoin since it began accumulating the asset in 2020. Over time, as it has embraced its role as a Bitcoin treasury firm, Strategy has issued billions of dollars in debt to buy more Bitcoin than it could otherwise.


The Nasdaq-listed firm’s 531,600 Bitcoin tower over the next largest corporate holder, Bitcoin miner Marathon Digital, which is around 47,500 Bitcoin, according to Bitcoin Treasures. As of this writing, Strategy’s stash accounted for more than 2.5% of Bitcoin total supply.  


The Tokyo-based investment firm Metaplanet, which began buying Bitcoin last May, said on X on Monday that it had recently bought 319 Bitcoin worth $27 million. The company said in an update that it now holds 4,525 Bitcoin worth around $385 million.


Among publicly traded companies, MetaPlanet is currently the 10th largest Bitcoin holder, according to Bitcoin Treasuries


Edited by James Rubin


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