Strategy Acquires 10,624 BTC for $962M; Now Holds 660,624 Bitcoin in Massive Bet
Another whale surfaces in the crypto sea, and its appetite is anything but small.
The Billion-Dollar Bite
A single strategy just deployed nearly a billion dollars to snap up over ten thousand Bitcoin. This isn't a tentative dip of the toe—it's a cannonball into the deep end, signaling a conviction that goes far beyond casual speculation. The move instantly adds a formidable new stack to the entity's already colossal war chest.
Building a Digital Fort Knox
With this latest purchase, the strategy's total Bitcoin holdings have ballooned to a staggering 660,624 coins. That's not just a portfolio; it's a sovereign treasury. This level of accumulation suggests a long-term vision where Bitcoin isn't merely an asset, but the foundational bedrock of a new financial architecture—one that quietly bypasses the traditional gatekeepers of Wall Street.
The Signal in the Noise
While pundits on financial networks debate quarterly earnings and Fed whispers, this player is executing a different plan entirely. They're not trading charts; they're accumulating a finite digital resource on a scale that would make central banks blink. It’s a stark reminder that while traditional finance worries about basis points, the real wealth transfer might be measured in satoshis. After all, what's a few billion between friends when you're betting against the entire legacy monetary system? A cynical soul might say it's the ultimate hedge against the very finance bros now scrambling to understand it.
The message is clear: talk is cheap, but Bitcoin isn't. And some players are putting their money—all $962 million of it—where their mouth is.
Cost basis update
This latest MOVE shows the company’s conviction in its Bitcoin treasury strategy, which is managed by Executive Chairman Michael Saylor and CEO Phong Le. The aggregate cost basis for this stockpile stands at $49.35 billion, translating to an average purchase price of $74,696 per coin, including fees and expenses. Strategy maintains holdings of over 3% of the total Bitcoin supply.
The purchase was financed using net proceeds from the sale of the company’s Class A common stock and its Series D preferred stock (STRD). This accumulation comes as the company’s stock trades below mid-year highs, yet the firm maintains a positive Bitcoin yield of 24.7% year-to-date for 2025.
Market backdrop during the acquisition
The acquisition occurred against a backdrop of volatility in the broader cryptocurrency market. At the time of writing, Bitcoin trades at $91,640.07, showing a 2.05% incline over the last 24 hours. It has a market cap of $1.82T, with an increase of 1.96%, and its 24-hour trading volume is $57.98 billion. The circulating supply is currently 19.85 million BTC, nearing its maximum supply cap of 21 million BTC.
Market sentiment remains cautious as investors await the Federal Reserve’s interest rate decision scheduled for later this week, which could further impact risk assets.
Despite an overall weak environment and liquidity concerns that have pressured the crypto markets, Strategy has used the recent price dips to lower its average cost basis relative to current market prices, continuing its pattern of buying during corrective phases.
Investor confidence and future vision
Strategy’s conviction in its digital capital mandate remains unshaken despite recent volatility that has seen its own stock price adjust downward from July peaks.
To support investor confidence and meet financial obligations, the company recently announced a $1.44 billion USD reserve to cover dividend payments on preferred stock and interest on debt for the next 21 months.
This approach of aggressive Bitcoin accumulation paired with a solidified cash reserve for fiat obligations shows a maturing approach, designed to weather short-term price fluctuations while maintaining long-term exposure to the asset class. Strategy’s continued purchasing signals that institutional demand for Bitcoin persists regardless of volatility.
Also Read: Strategy Stock Pressured as Bitcoin Drop Fuels Concern
