Strategy, formerly known as MicroStrategy, has expanded its Bitcoin holdings once again — purchasing 220 BTC for $27.2 million at an average price of $123,561 per coin, according to a company press release issued on Oct. 13.
With the new purchase, Strategy now holds a staggering 640,250 BTC, worth approximately $73 billion at current market prices. The company’s total acquisition cost stands at around $47.4 billion, giving it an unrealized gain of $25.6 billion. The company’s co-founder and executive chairman, Michael Saylor, highlighted the milestone with a characteristically bullish message on X: “Don’t stop ₿elievin’.”
Funded by Preferred Stock Programs
The purchase was funded through proceeds from the sale of perpetual preferred stock under several active programs — including STRK, STRF, and STRD.
Each carries unique dividend and risk characteristics, with STRK offering equity conversion options and STRD providing the highest potential returns at a 10% non-cumulative dividend.
These issuances are part of Strategy’s ambitious “42/42” capital plan, now upsized to $84 billion, aimed at continuous Bitcoin accumulation through 2027.
Dominating Bitcoin Treasuries
Strategy remains the largest corporate Bitcoin holder, controlling more than 3% of Bitcoin’s total supply.
According to Bitcoin Treasuries data, 188 public companies now hold BTC on their balance sheets. Other top holders include Marathon Digital (52,850 BTC), Tether-backed Twenty One (43,514 BTC), Metaplanet (30,823 BTC), and Bitcoin Standard Treasury Company (30,021 BTC).
The purchase followed a turbulent week in crypto markets marked by $20 billion in forced liquidations — the largest in history — after renewed U.S.–China trade tensions triggered a sharp risk-off reaction.
Bitcoin briefly dipped below $108,000 before rebounding above $114,000 as of Monday morning.
Despite the volatility, Strategy’s conviction remains unshaken. The firm reported an unrealized quarterly gain of $3.89 billion on its Bitcoin holdings, with a deferred tax expense of $1.12 billion.
Saylor again hinted at the latest purchase ahead of time
As of early Monday trading, Strategy’s stock (MSTR) was up 1.1% pre-market, showing signs of recovery after last week’s 13% decline.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.