Strategy Adds More Bitcoin After S&P 500 Rejection; MSTR Dips

Strategy Buys 1,955 BTC for $217 Million

Strategy, formerly known as MicroStrategy, has announced another substantial Bitcoin (BTC) purchase, acquiring 1,955 BTC for $217.4 million last week. This move comes despite the company's recent rejection from the S&P 500 index. The average purchase price was $111,196 per Bitcoin.

According to a press release, Strategy now holds a total of 638,460 BTC, acquired for $41.17 billion at an average price of $73,880 per Bitcoin. The company reports a year-to-date (YTD) BTC yield of 25.8%.

Funding the Purchase

An SEC filing reveals that Strategy funded this purchase primarily through the sale of its own shares. The company raised $200.5 million from selling 591,606 MSTR shares, along with an additional $11.6 million and $5.2 million from the sale of STRF and STRK shares respectively.

S&P 500 Snub

This Bitcoin acquisition follows Strategy's failure to be included in the S&P 500. Despite meeting the necessary criteria, the index committee opted for Robinhood, AppLovin, and Emcor instead.

Michael Saylor hinted at the purchase on X with a post captioned, “Needs More Orange,” alongside a picture of Strategy’s Bitcoin portfolio tracker.

Needs More Orange pic.twitter.com/yvgqvmKtOb

— Michael Saylor (@saylor) September 7, 2025

This marks Strategy’s sixth consecutive weekly Bitcoin purchase. The company now holds over 3% of BTC’s total supply.

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