TLDR
- Strategy now holds 639,835 BTC, valued at $72 billion, after its latest acquisition.
- The firm purchased 850 Bitcoin for $100 million at an average price of $117,344.
- Strategy has raised $84 billion for Bitcoin buys through stock and convertible notes.
- Strategy’s Bitcoin holdings represent over 3% of Bitcoin’s total supply.
Strategy (formerly MicroStrategy) has made another significant move in its Bitcoin acquisition strategy, purchasing 850 BTC for nearly $100 million. This brings the company’s total Bitcoin holdings to approximately 640 BTC, valued at roughly $72 billion. The purchase was made between September 15 and 21, 2025, at an average price of $117,344 per Bitcoin, reinforcing Strategy’s commitment to growing its Bitcoin treasury.
Strategy’s Bitcoin Acquisition Strategy Continues
Between September 15 and 21, Strategy purchased 850 BTC at an average price of $117 each, totaling around $99.7 million. This acquisition adds to Strategy’s already extensive Bitcoin holdings, which now stand at 640 BTC.
The company, co-founded by Michael Saylor, has invested approximately $47.3 billion in its Bitcoin acquisitions to date. Despite Bitcoin’s volatile market fluctuations, Strategy’s efforts reflect a broader trend of institutional interest in digital assets.
Michael Saylor has been vocal about the firm’s strategy to build a large Bitcoin treasury. As of now, the company’s Bitcoin holdings represent over 3% of the total 21 million Bitcoin supply. The average price paid for Bitcoin remains at $74 per BTC, which indicates considerable paper gains, even though the firm has faced significant fluctuations in the market value of its assets.
Funding Sources for Bitcoin Acquisitions
To fund its Bitcoin purchases, Strategy has turned to various funding methods. The 850 BTC acquisition was financed through proceeds from the sale of the company’s Class A common stock (MSTR) and perpetual Strife preferred stock (STRF).
These stock sales are part of an ongoing strategy to raise capital for Bitcoin acquisitions, which includes a broader capital plan. Strategy has raised funds through at-the-market sales of stock and preferred shares, with specific programs in place to support future Bitcoin buys.
The company’s capital-raising programs are not only limited to common stock. They also include different types of perpetual preferred stocks with varying dividends and conversion features. Strategy aims to raise $84 billion through its various stock offerings and convertible notes by 2027 to finance its continued Bitcoin acquisitions. This ambitious capital strategy underscores the firm’s long-term commitment to holding Bitcoin as a core asset.
Strategy’s Bitcoin Holdings and Market Influence
Strategy’s growing Bitcoin treasury has positioned the company as one of the largest corporate holders of Bitcoin. According to Bitcoin Treasuries data, the company’s holdings are worth around $72 billion at current prices.
Despite the considerable size of its Bitcoin position, the company has faced challenges in maintaining a strong market valuation. Strategy’s stock (MSTR) has experienced a decline, with a 25% decrease from summer peaks.
The firm’s market capitalization remains higher than the net asset value of its Bitcoin holdings. However, some investors remain concerned about the company’s premium valuation. Even with fluctuations in Bitcoin’s price and the broader crypto market, Strategy has maintained its stance on acquiring more Bitcoin, with Michael Saylor’s Bitcoin acquisition tracker showing consistent increases in holdings.
Corporate Bitcoin Holdings on the Rise
Strategy is not alone in its approach to Bitcoin acquisition. There are now 178 public companies that have adopted similar strategies, accumulating substantial Bitcoin holdings as part of their asset management.
Other companies, including Riot Platforms, CleanSpark, and Coinbase, also hold significant amounts of Bitcoin, further contributing to the growing trend of institutional adoption of digital assets.
The rise in corporate Bitcoin holdings has sparked discussions about the future of digital assets and their role in traditional financial systems. Strategy’s continued expansion of its Bitcoin treasury is an indicator of the increasing acceptance of cryptocurrencies within mainstream business practices. While the company has faced some setbacks, including its recent exclusion from the S&P 500, its commitment to Bitcoin remains strong.
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