Strategy purchased 1,665 bitcoins in the week ending September 27, for a total of approximately $142.7 million, primarily funded by selling shares through its ATM equity offering program. Following this increase, its total bitcoin holdings rose to 847,666 BTC, further expanding its position as a major corporate bitcoin holder.
Which assets are affected
Bullish/Bearish Views
Bulls believe Strategy’s continued large-scale purchases, supported by equity financing, demonstrate that institutional long-term accumulation strategies remain unchanged, providing solid demand support for bitcoin. Bears point out that reliance on equity dilution for financing could amplify selling pressure during market downturns, and that such a massive position could pose potential sell-off risks if faced with regulatory or liquidity challenges.