MicroStrategy Buys 10,624 BTC in Largest Purchase in Months
MicroStrategy (ticker: STRD) acquired 10,624 BTC for $962.7 million at an average price of $90,615 per bitcoin, the company's largest purchase in months, the firm reported Dec. 8, 2025. The buy was funded through proceeds from its at-the-market common equity offering (ATM) and sales of STRD preferred shares, continuing the company’s strategy of using equity instruments to grow its bitcoin treasury exposure.
At roughly $963 million, the block-sized acquisition is notable for its scale and potential market impact: large corporate purchases can tighten spot liquidity and support upward price pressure. For investors, the move reinforces MicroStrategy’s commitment to bitcoin as a treasury asset, while the funding route highlights the trade-offs between shareholder dilution and accelerated crypto accumulation; analysts will watch whether other corporates follow suit, reinforcing the institutional demand narrative for bitcoin.