Royal Bank of Canada Increases MSTR Shares to 188,657 in Q2

The Royal Bank of Canada (RBC) increased its investment in Bitcoin by acquiring more shares of Strategy Inc. (MSTR), a company focused on Bitcoin treasury management.

Key Developments

• RBC held 188,657 MSTR shares valued at over $76 million as of Q2 2025, up 16% from Q1.
• MSTR's stock price increased by 32% during the quarter, closing at $404 per share.
• Bitcoin surged over 30% in Q2, reaching a high of $111,980.
• As of now, Bitcoin is trading at $115K, down 1% for the day.

Strategy's Bitcoin Accumulation

• On August 18, Strategy purchased 430 BTC for $51.4 million at an average price of $119,666.
• The company now holds 629,376 BTC, acquired for approximately $46.15 billion, averaging $73,320 per coin.
• Strategy has realized over $26 billion in unrealized profits, making it the largest corporate Bitcoin holder.

Saylor's Capital Strategy Adjustment

• Michael Saylor’s "42/42 Plan" aims to invest $84 billion in Bitcoin by 2027 through equity and convertible debt offerings.
• Strategy has relaxed its previous policy on stock issuance, allowing shares to be issued when advantageous.
• Despite Bitcoin's 23% increase since late 2024, Strategy's stock has fallen by 22%, impacting capital raising opportunities.