Bitcoin reserve and business software company Strategy (MSTR.US) announced on Monday that it purchased 430 bitcoins for a total of $51.4 million during the period from August 11 to 17, 2025. This additional purchase brings the company's total bitcoin holdings to 629,378 coins, valued at $46.15 billion. The average purchase price for the cryptocurrency in this transaction was $119,700 per coin.

Strategy's stock declined in Monday trading as bitcoin prices fell 2.4% to $115,400. As of press time, the stock was down 0.85%.

Strategy also updated the intended use of proceeds for its "at-the-market" (ATM) equity program: "When the company's defined mNAV (modified Net Asset Value) is below 2.5x, Strategy will strategically issue Strategy shares for (1) paying debt interest; (2) paying preferred stock dividends; (3) other circumstances the company deems beneficial." This adds a third use case compared to previous guidance.

According to company documentation, mNAV is calculated as enterprise value divided by net bitcoin asset value.

During the August 11-17 period, Strategy did not sell any shares through its common stock ATM program, but sold 179,687 shares of MICROSTRATEGY 8.00% SERIES A PERPETUAL STRIKE PFD stock, raising $19.3 million in net proceeds; 162,670 shares of Strategy stock, raising $19 million in net proceeds; and 140,789 shares of STRD stock, raising $14.1 million in net proceeds, for total net proceeds of $50.4 million.