# Strategy Adds 430 BTC in $51M Buy

*Author: Bankless*
*Published: Aug 18, 2025*
*Source: https://www.bankless.com/read/strategy-adds-430-btc-in-51m-buy*

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Strategy disclosed Monday that it bought another 430 BTC for $51.4 million, paying an average price of $119,666 per coin. The move brings the firm’s total stash to 629,376 BTC, worth about $72.4 billion at current prices.

### What’s the Scoop?
- **Financed Through Preferreds:** The latest purchase was funded by selling shares of its STRK, STRF, and STRD perpetual preferred programs, which raised over $50 million in net proceeds last week.
- **Balance Sheet Firepower:** The firm still has more than $40 billion in remaining ATM capacity across its preferred offerings and common equity program to fund future buys.
- **Paper Gains:** Strategy’s BTC holdings now carry about $26.2 billion in unrealized profits, with an average cost basis of $73,320 per coin.
- **Market Signal:** The move followed co-founder Michael Saylor’s weekend hint on X, where he posted “Insufficient orange,” a phrase traders often take as a signal that more buying is coming.