– Strategy acquires 1,229 BTC for $108.8 million – Average purchase price: $88,568 per Bitcoin – Total BTC held by Strategy: 672,497, valued at $50.44 billion – Peter Schiff questions funding source for acquisition – MSCI proposal challenges digital asset treasury companies

Key Points on Strategy's Latest Bitcoin Acquisition:

  • Strategy Inc. acquired 1,229 BTC at an average price of $88,568 per coin, totaling $108.8 million.
  • The company holds a total of 672,497 BTC, purchased for approximately $50.44 billion at an average price of $74,997 per Bitcoin.
  • This acquisition resulted in a year-to-date BTC yield of 23.2% for the company.

Context and Challenges:

  • The purchase was announced by Michael Saylor, Executive Chairman of Strategy, via social media, sparking questions from skeptics like economist Peter Schiff.
  • Schiff questioned how Strategy intends to fund the Bitcoin purchase, suggesting the possibility of using Treasury reserves or selling stock at a discount.
  • Strategy is currently challenging MSCI’s proposal to exclude digital asset treasury companies from global indexes, labeling the 50% threshold as arbitrary and discriminatory.
  • The consultation on this proposal will conclude by January 15, 2026.

Market Reactions:

  • Strategy’s MSTR stock trades close to its Bitcoin Net Asset Value (mNAV).
  • The company has recently built a significant cash reserve from equity issuance.
  • Market observers are curious whether this new capital base will be used for additional Bitcoin accumulation.