TheBlock
Strategy acquired 334 BTC for approximately $28.7 million between Sept. 28 and Oct. 4, according to an SEC filing. The purchase averaged $85,838.80 per bitcoin and takes the company's holdings to 848,000 BTC, worth around $73 billion. Strategy says it has spent about $64 billion, including fees and expenses, at an average purchase price of $75,440.70 per BTC.
Why it matters
Strategy's holdings now exceed 4% of Bitcoin's 21 million supply cap, giving the company an unusually large and concentrated position in the asset. At current prices, the filing puts the position at roughly $9 billion in paper gains. The purchase was funded through proceeds from sales of MSTR common stock and the company's cash resources.
The latest buy follows a familiar pattern: Michael Saylor posted an acquisition tracker chart on X on Sunday with the caption “More orange than ever.” Similar posts have often preceded an announcement of a bitcoin purchase, though Strategy's approach has varied recently.
Market impact
Strategy remains far ahead of other public-company bitcoin holders. Metaplanet holds 44,000 BTC, followed by Twenty One with 43,514 BTC, MARA with 35,577 BTC and Bitcoin Standard Treasury Company with 30,021 BTC, according to Bitcoin Treasuries data.
The accumulation has not translated into a steady rise in MSTR shares. The stock fell 7.1% last week to close Friday at $160.01, was up 0.5% year to date and remained down 48% over the past year. Bitcoin traded flat over the same weekly period, underscoring that MSTR's equity performance can diverge sharply from BTC even as Strategy continues to add to its treasury.
Frequently asked questions
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How much did Strategy pay for its latest bitcoin purchase?
Strategy paid approximately $28.7 million for 334 BTC, at an average price of $85,838.80 per bitcoin.
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What is Strategy's average purchase price across its bitcoin holdings?
Strategy reports an average purchase price of $75,440.70 per BTC, including fees and expenses.
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How much of Bitcoin's supply cap does Strategy hold?
Strategy's 848,000 BTC position is more than 4% of Bitcoin's fixed 21 million supply cap.
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How does Strategy's bitcoin position compare with other public companies?
Strategy's 848,000 BTC far exceeds the other public-company holdings cited: Metaplanet has 44,000 BTC, Twenty One 43,514 BTC, MARA 35,577 BTC and Bitcoin Standard Treasury Company 30,021 BTC.
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How did MSTR shares perform while Strategy added bitcoin?
MSTR fell 7.1% last week to close at $160.01. It was up 0.5% year to date but down 48% over the past year, while Bitcoin traded flat for the week.
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