Technique, the enterprise intelligence agency previously referred to as MicroStrategy, has bolstered its Bitcoin place with one other giant buy.
In a Sept. 2 submitting with the US Securities and Change Fee (SEC), the corporate reported buying 4,048 BTC for $449.3 million, paying a mean of $110,981 per coin.
The transfer lifts Technique’s whole Bitcoin stability to 636,505 BTC, obtained at a mixed value of $46.95 billion, or roughly $73,765 per coin. At present market costs, that stash is valued at $69.24 billion.
Based on Bitcoin Treasuries information, the agency’s holdings now symbolize simply over 3% of Bitcoin’s most provide, giving Technique one of many largest company positions within the asset.
Following this buy, Technique introduced that it had adjusted the dividend charge on its STRC most popular inventory, elevating the annual payout from 9% to 10%. The safety, launched in July, is non-convertible and designed to ship variable-rate revenue.
‘Lowered leverage’
The newest deal was financed by way of a mixture of frequent and most popular inventory choices.
Based on the submitting, Technique offered 1.24 million shares of its Class A typical inventory for $425.3 million. The corporate raised the $46.5 million stability by way of its most popular share packages, together with STRK, STRF, and STRD.
This imbalance drew criticism from brief vendor James Chanos, who has publicly wager in opposition to the agency.
Chanos argued that the heavy reliance on frequent inventory suggests buyers stay cautious of the popular choices, that are structured for revenue seekers and higher-risk contributors.
He wrote:
“MSTR continued to REDUCE its leverage this previous week. 90% of its securities offered was from the frequent fairness ATM.”
Regardless of Chanos’s declare, Technique has already raised $5.6 billion in 2025 by way of the preliminary public choices of those securities. Notably, the IPOs account for 12% of all US preliminary public choices this yr.
Contemplating this, Technique’s supporters proceed to argue that there’s a important demand for these belongings out there.
