Strategy Expands Bitcoin Holdings With $18.8M Purchase

Strategy, a leading Bitcoin-focused company, has once again increased its crypto reserves, adding 168 BTC to its already massive holdings. 

The purchase, valued at around $18.8 million, was made between October 13 and October 19 at an average price of $112,051 per Bitcoin. This was revealed in a recent SEC filing. This latest move reinforces Strategy’s commitment to its long-term bitcoin accumulation plan.

Strategy’s Bitcoin Stash Hits 640,000 BTC

With this new purchase, Strategy’s total Bitcoin holdings have climbed to 640,418 BTC, now worth about $71.1 billion at current prices. The company’s average purchase price sits at $74,010 per Bitcoin, representing a total cost of approximately $77.4 billion, including fees and expenses.

That means Strategy currently holds over 3% of Bitcoin’s total supply, a staggering figure that gives the company roughly $23.7 billion in unrealized gains. Co-founder and executive chairman Michael Saylor described the latest acquisition as another step toward strengthening Strategy’s position as the world’s largest corporate holder of the flagship crypto.

The acquisition was financed using proceeds from at-the-market (ATM) sales of several of Strategy’s perpetual preferred stocks, including STRK, STRF, and STRD. These instruments are part of Strategy’s broader effort to raise capital for continued Bitcoin purchases.

These offerings support Strategy’s ambitious “42/42 Plan. This is an $84 billion program in equity and convertible notes designed to fund Bitcoin acquisitions through 2027. This is double Strategy’s original $42 billion goal after the initial capital round was exhausted.

Michael Saylor, now among the Bloomberg Billionaire 500 Index, hinted at the new purchase on social media before it was officially announced. 

Strategy Dominates Corporate Bitcoin Holdings

According to Bitcoin Treasuries data, 190 public companies now hold Bitcoin on their balance sheets. Strategy leads by a wide margin among corporate Bitcoin holders. The company holds a significantly larger amount compared to its peers. 

Other notable holders include MARA, Tether-backed Twenty One, Metaplanet, Adam Back and Cantor Fitzgerald’s Bitcoin Standard Treasury Company, Bullish, Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase.

These firms collectively hold tens of thousands of Bitcoins, though many of their share prices have fallen from recent highs. Strategy’s own stock has declined by about 36% during the same period.

Strategy Shares Rise Despite Weekly Decline

Despite recent volatility, Strategy’s stock closed up 2.1% on Friday at $289.87 and rose another 3.6% in pre-market trading on Monday. However, it remains down 10.3% for the week and 3.4% year-to-date, even as Bitcoin itself has gained 14.3% in 2025.

In an earlier interview, Saylor explained that Strategy’s financial structure was intentionally designed to survive even a 90% Bitcoin price drop lasting several years. The mix of equity, convertible debt, and preferred stock provides flexibility and resilience. Still, Saylor admitted that shareholders would feel significant pain in such a scenario.