Strategic Weekly Purchase Streak Continues with Day-Late Announcement

Dollar-Cost Averaging Defies Market Timing Anxiety

The relentless accumulation strategy just notched another weekly purchase—though the announcement hit feeds a full day behind schedule. This isn't about perfect timing; it's about consistent exposure.

Execution Over Perfection

While traditional investors obsess over entry points, this approach bypasses emotional decision-making. The system buys regardless of price swings—no crystal ball needed.

Late Announcement, Early Gains?

Who needs real-time updates when compounding does the heavy lifting? The one-day delay in reporting barely registers against long-term horizons. Meanwhile, hedge funds burn fees trying to outsmart algorithms.

Keep stacking, keep moving. The market won't wait—but your strategy doesn't have to.

Strategy’s financing hinged on STRK, STRD, and MSTR

To fulfill its latest BTC purchase, Strategy issued MSTR common stock, as well as STRK and STRD preferred shares. This time, STRC and STRF facilities skipped a week. 

$425.3M came from MSTR issuance, as the company’s portfolio and BTC price fulfilled the conditions for adding more common stock. Only $20M came from STRK and STRD, and without the common stock issue, Strategy would have another week with a minimal BTC purchase. 

The big MSTR issuance follows the decision to still sell common stock even at a lower ratio of net asset value. Previously, Strategy did not print new MSTR tranches at a mNAV ratio under 2.5. The current MOVE may increase common stock dilution, though for now, the company still coasts on its returns since it adopted its BTC treasury in 2020.

The average price of Strategy is still at $73,765 per BTC, a relatively low average for a treasury company. The current BTC drawdown to $107,000 still gives the company significant leeway for long-term holding. 

MSTR issue follows new rule on net asset value ratio

Following the latest purchase, MSTR traded at $331.17. Based on the new rules, at this price range, the company has a mNAV ratio of around 1.58. 

At this price range, roughly under $600 per MSTR, the common stock will still be issued, but will be used to pay interest on debt obligations and pay out dividend to preferred stock holders. The company has reported a 10% loss of value for the past three months based on its investments, but the yearly return is still at 152%. The company’s debts are at 12% of the BTC holdings at the current price.

During the latest purchase period, MSTR was also outside the top 20 most active US stocks. The recent addition of 1,237,000 MSTR once again raised concerns of using stock buyers as a source of liquidity. The only chance at improved mNAV WOULD be a BTC rally from external factors, as the Strategy buying alone has a more limited effect on BTC recovery.

Despite skepticism about Strategy, BTC buying continues for smaller treasuries. Metaplanet tries to stay in the spotlight with international fundraising and a growing treasury of 20K BTC. 

In the past week, the cutoff treasury to enter the top 100 BTC reserves ROSE from 55 BTC to 77 BTC, following a series of small-scale routine purchases and bigger weekly expansions.

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