Catenaa, Thursday, September 25, 2025- Strategy, the corporate bitcoin treasury firm formerly known as MicroStrategy, has purchased another 850 bitcoin for about $99.7 million, bringing its total holdings to 639,835 BTC worth nearly $72 billion.
The company disclosed the acquisitions in a filing with the Securities and Exchange Commission on Monday.
The purchases, made between September 15 and September 21 at an average price of $117,344 per bitcoin, were funded through at-the-market sales of its Class A common stock and perpetual preferred shares.
Executive Chairman Michael Saylor said the firm has acquired its holdings at an average cost of $73,971 per coin, representing a paper gain of about $25 billion.
The stash now accounts for more than 3 percent of bitcoin’s total capped supply of 21 million.
Strategy has financed its accumulation through a mix of equity and preferred stock offerings under its “42/42” plan, an $84 billion capital-raising strategy targeting continued bitcoin acquisitions through 2027. The program follows an earlier $42 billion initiative completed after equity issuance capacity was exhausted.
The company’s aggressive buying strategy has fueled both praise and criticism. Supporters say its relatively low leverage provides flexibility, while skeptics point to its premium valuation and exclusion from the S&P 500 index this month, a decision some analysts described as bias against crypto treasuries.
Strategy’s stock, MSTR, closed down 1.3 percent Friday at $344.75, with shares falling another 2.3 percent in pre-market trading Monday as bitcoin dipped 2.1 percent.
