MicroStrategy Incorporated, now operating as Strategy, has solidified its position as the world’s largest corporate Bitcoin holder with a recent acquisition of 850 Bitcoin (BTC) for about $99.7 million, according to a Securities and Exchange Commission (SEC) filing released Monday. The purchase, made between September 15 and 21, 2025, reflects an average price of $117,344 per BTC, including fees and expenses.
This latest buy brings Strategy’s total Bitcoin holdings to 639,835 BTC, acquired at a total cost of $47.33 billion, or about $73,971 per BTC. The company’s aggressive Bitcoin accumulation strategy, led by Executive Chairman Michael Saylor, continues to draw attention in financial and cryptocurrency markets.
The acquisition marks Strategy’s eighth consecutive weekly Bitcoin purchase, though the volume is smaller than earlier 2025 buys, such as the 31,466 BTC acquired in July. The company funded this purchase primarily through the sale of its Class A common stock (MSTR) and perpetual Strife preferred stock (STRF), with approximately 80% of the funding coming from stock sales. This approach indicates a shift toward using preferred stock to mitigate dilution from common stock sales, a tactic that Strategy has employed more frequently in recent months.
The purchase follows a 25-basis-point rate cut by the U.S. Federal Reserve, which briefly pushed Bitcoin’s price above $117,000 last week. Despite this, Strategy’s stock (MSTR) saw a 2.29% decline in premarket trading on September 22, dropping to $336.85 by 8:40 AM ET from a previous close of $344.75. The dip may signal investor caution amid Bitcoin’s volatility or concerns about ongoing stock issuance.
Analysts note that Strategy’s Bitcoin holdings now represent over 3% of Bitcoin’s total supply, capped at 21 million BTC, underscoring its outsized role in the crypto ecosystem. The company’s strategy contrasts with smaller corporate holders like Japan’s Metaplanet, which recently entered the top five corporate Bitcoin holders but trails Strategy’s scale.
This purchase aligns with Michael Saylor’s long-term vision of Bitcoin as a premier treasury reserve asset. On September 23, 2025, Saylor is set to attend a U.S. government roundtable to discuss the proposed BITCOIN Act, which advocates for a national strategic Bitcoin reserve of 1 million BTC. Strategy’s consistent acquisitions bolster its credibility in shaping such policy discussions.
While Strategy’s stock faces short-term pressure, its Bitcoin bet continues to resonate with investors and crypto enthusiasts alike. The company’s “orange dots go up and to the right” philosophy—referring to its growing BTC holdings—shows no signs of slowing, even as market dynamics evolve.
Administrator and Writer
