Strategy Expands Bitcoin Holdings With $43M Purchase

Strategy, formerly known as MicroStrategy, has added to its growing Bitcoin (BTC) reserves with another major weekly purchase. 

The move comes as the top coin’s price continues to rise, reflecting renewed confidence in the broader crypto market recovery.

Strategy Adds 390 BTC to Its Treasury

In a recent public announcement, Strategy confirmed the acquisition of 390 Bitcoin valued at $43 million. The purchase was made at an average price of $114,562 per coin. This new buy further strengthens the firm’s position as the largest corporate holder of Bitcoin globally.

With this addition, Strategy’s total Bitcoin holdings have reached 640,808 BTC, worth about $47.44 billion. The firm’s average purchase price now stands at $74,032 per Bitcoin, while its year-to-date Bitcoin yield has grown by 26%.

According to a filing with the U.S. Securities and Exchange Commission (SEC), Strategy raised $44.7 million in liquidity. The funds were generated by selling other share classes such as  STRF, STRK, and STRD. This approach allowed the firm to expand its Bitcoin holdings while maintaining its existing share structure.

Meanwhile, this marks the third consecutive week of Bitcoin purchases after a short break earlier in the month. Between October 20 and 26, Strategy had already added 168 BTC worth $18.8 million.

Strategy’s MSTR and Bitcoin Continue to Climb

In his usual manner, the company’s Chairman Michael Saylor hinted at the purchase in a recent X post. Shortly after the post, the firm confirmed the acquisition without using its Strategy’s stock MSTR shares for funding. Furthermore, MSTR has also seen steady growth, rising nearly 2% to trade around $289, according to TradingView data. 

Meanwhile, Bitcoin’s price has continued to climb, now reaching $116,000 and maintaining three consecutive days of gains. This upward movement reflects growing investor confidence ahead of a key economic week that could influence broader market sentiment.

Market Eyes FOMC and U.S.–China Developments

The upcoming Federal Open Market Committee (FOMC) meeting on October 28–29 remains a major focus for investors. Market participants have already priced in two potential interest rate cuts; one expected this week and another in December. The Federal Reserve’s decision could determine whether the current risk-on sentiment continues. 

At the same time, global attention is shifting toward the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping. The meeting is scheduled to take place on October 30. U.S. Treasury Secretary Scott Bessent confirmed that progress was made during recent trade discussions in Malaysia. 

The development has raised hopes for a possible easing of the Trump Tariffs. In addition to geopolitical and monetary policy developments, several major U.S. tech firms are set to release earnings this week. 

Together, they represent nearly a quarter of the S&P 500 Index. This means their performance could either reinforce or challenge current market optimism.