Strategy Boosts Bitcoin Bet with Fresh Acquisitions Worth $264.1M

The U.S-based firm Strategy has continued to strengthen its position as the world’s largest corporate holder of Bitcoin (BTC). In a recent regulatory filing, the company disclosed another major BTC purchase valued at $264.1 million. 

This reinforced the company’s long-standing view that Bitcoin is a core treasury asset. The move comes despite short-term market weakness and growing pressure on the share prices of Bitcoin-focused public companies.

A New Bitcoin Purchase Adds to an Already Historic Position

Between January 20 and January 25, Strategy acquired an additional 2,932 BTC for about $264.1 million. The company paid an average price of $90,061 per coin. This transaction was recently disclosed in a filing with the United States Securities and Exchange Commission (SEC).

Following this purchase, Strategy now holds a total of 712,647BTC. At current market prices, these holdings are valued at roughly $62.5 billion. This stockpile represents around 3.4% of Bitcoin’s maximum supply of 21 million coins. 

Based on current prices, the position implies paper gains of about $8.3 billion, highlighting the scale of Strategy’s exposure to the asset. 

Furthermore, Strategy said it funded its latest Bitcoin purchases with proceeds from at-the-market sales of its Class A common stock. It also used funds raised from several series of perpetual preferred stock.

Strategy Leads Corporate Bitcoin Holdings Despite Weak Stock Performance

Recent data from Bitcoin treasury trackers shows that nearly 200 public companies now hold Bitcoin in some form. However, Strategy remains far ahead of its peers. 

The next largest holders include mining firms, crypto exchanges, and investment vehicles, each holding between roughly 13,000 and 53,000BTC. None came close to Strategy’s more than 700,000-Bitcoin position.

Despite this leadership, the market has not rewarded these companies equally. Many Bitcoin-focused stocks are trading well below their peaks from mid-2025. The Nasdaq-listed company itself has seen its share price fall sharply, with its market value now below the value of the Bitcoin it owns. 

Its market capitalization to net asset value ratio stands below one, meaning investors value the company at less than the worth of its underlying Bitcoin holdings.

Strategy’s Capital Structure Built to Withstand Market Stress

Michael Saylor, the company’s chairman, has repeatedly stated that Strategy’s capital structure is built to survive extreme market stress. According to him, the mix of equity, convertible debt, and preferred stock could withstand a prolonged Bitcoin price decline of up to 90% lasting several years. 

Even so, he has acknowledged that shareholders would experience significant pain under such conditions. In the near term, market pressure remains visible. 

Strategy’s stock fell over 5% last week, while Bitcoin also declined, currently trading at $88,118, down by 0.52% in the last 24 hours, according to CoinMarketCap data. Pre-market trading suggests continued caution among investors.