Catenaa, Tuesday, December 09, 2025- Strategy said it had acquired 10,624 bitcoin between December 1 and December 7 for about $963 million in a regulatory filing.

It marked the largest purchase since July. Strategy now holds 660,624 bitcoin, worth close to $60 billion at current prices.

That represents more than 3 percent of bitcoin’s maximum supply.

The company used proceeds from recent stock sales.

The filing shows Strategy sold more than 5.1 million shares of its Class A common stock for about $928 million. It also sold preferred stock to raise another $34.9 million.

The firm has billions in authorized stock available for sale under existing programs.

Strategy launched a cash reserve last week totaling $1.44 billion to support preferred stock dividends and interest payments.

Analysts say the reserve gives the company runway before any forced sale of bitcoin to meet its debt obligations.

Market researchers disagree on future price action. CryptoQuant said the reserve could be preparation for weaker trading conditions next year.

JPMorgan analysts said Strategy’s ability to keep buying could influence market direction.

Data shows more than 190 public companies are following similar purchase models. Many face pressure as share values drop even while token holdings rise.

Strategy stock fell 3.8 percent on Friday and remains lower for the year.