Strategy Buys $1B in Bitcoin as ETF Inflows Top $800M

Strategy has added another $1 billion worth of Bitcoin. It seems to be continuing its ongoing accumulation spree. The company purchased 13,927 BTC during this period, taking its total holdings close to 781,000 BTC. The move comes as Strategy’s Bitcoin buying continues along with steady Bitcoin ETF inflows. This suggests that demand from larger players has not slowed down in recent weeks.

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Strategy Bitcoin Buy Funded by Stock Sale as ETF Inflows Stay Strong

The purchase was funded through the sale of 10.03 million shares of preferred stock. This raised about $1 billion, according to a filing with the Securities and Exchange Commission (SEC). The firm said it bought Bitcoin at an average price of $71,902.

Following the latest purchase, total Bitcoin holdings stand at 780,897 BTC. The company’s total cost basis is about $59 billion, with an average purchase price of $75,577 per Bitcoin. Strategy has continued to use capital markets to support its BTC accumulation strategy. Michael Saylor took to X and shared the firm’s recent Bitcoin purchase.

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ETF Inflows Continue to Build

At the same time, ETF data shows inflows have remained positive. US spot Bitcoin ETFs recorded about $816 million in net inflows over the past week. Most of this demand came from BlackRock’s IBIT. Total assets across these funds are now close to $95 billion.

There has also been activity in derivatives tied to these products. Options linked to spot Bitcoin ETFs saw notional trading volume reach about $1.15 billion. Meanwhile, open interest was at $22.63 billion. More of the activity has been on the long side in recent sessions.

At press time, the world’s largest cryptocurrency was trading at $71,246.15 following a slight drop over the past 24 hours. The past week has been volatile for Bitcoin as it managed to surge to a high of $73,617 from a low of $67,834.

Taken together, corporate buying and ETF flows continue to point to steady institutional Bitcoin demand. This comes even as short-term price movements remain mixed.

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