Strategy, recognized as the world’s largest corporate holder of bitcoin, made headlines last week by expanding its treasury as bitcoin prices briefly dipped below $110,000. According to a filing with the U.S. Securities and Exchange Commission, the company acquired 196 BTC for $22.1 million, translating to an average price of $113,048 per coin. This latest purchase marks Strategy’s ninth consecutive week of bitcoin accumulation, highlighting their ongoing commitment to increasing their holdings.
With this recent acquisition, Strategy now holds a staggering total of 640,031 BTC, which have been accumulated at an aggregate purchase price of $47.35 billion, resulting in an average cost of $73,983 per coin. The recent purchase was financed through a combination of an at-the-market stock program and perpetual preferred stock issuance.
As bitcoin rebounded on Monday, stabilizing after several weeks of volatility, the world’s largest cryptocurrency was trading near $112,300 — a recovery from recent lows that fell below $109,000. Last week, bitcoin experienced a downturn of over 5% due to significant liquidations and selling pressure within the market.
This period of accumulation by Strategy coincides with a notable increase in institutional interest in bitcoin, with corporate treasuries now collectively holding over 1 million BTC, which accounts for about 5% of the circulating supply. The pace of this accumulation has significantly accelerated in 2025, as more companies join the ranks of bitcoin treasury holders. Despite the cryptocurrency’s recent fluctuations, co-founder Michael Saylor remains optimistic, pledging not to slow down the company’s acquisition strategy. He expressed a bullish outlook, forecasting that bitcoin would experience upward momentum as year-end approaches, driven by growing institutional demand.
Nonetheless, while Strategy’s bitcoin holdings continue to rise, its stock performance has faced challenges. The company’s shares have declined over 7% in the past month, falling from a peak near $455 earlier this year to about $315 in premarket trading. At one point, shares dipped below $300 before rebounding in tandem with bitcoin’s rise above $112,000. Despite external market pressures, the company’s massive $47 billion bitcoin investment remains central to its overall valuation.
Strategy’s persistent accumulation strategy has positioned it as a pivotal player in the landscape of institutional bitcoin adoption, drawing close attention from both traditional investors and the wider cryptocurrency community.
