Massive Bitcoin Bet: Strategy Scoops Up $980 Million, Amassing Over 671K BTC

A major institutional player just made a nearly billion-dollar statement on Bitcoin's future.

The Billion-Dollar Buy

The move—a single $980 million purchase—pushes the entity's total holdings north of 671,000 Bitcoin. That's not just a position; it's a fortress. This isn't casual accumulation; it's a strategic siege on the digital asset market, executed while traditional finance debates regulatory semantics.

Reading the Tape

Actions speak louder than analyst reports. A buy order of this magnitude bypasses speculative chatter and cuts straight to conviction. It signals a bet on Bitcoin's long-term infrastructure role, not just its price volatility. While hedge funds tweak their quarterly models, this strategy is building a vault.

The New Reserve Asset?

The accumulation mirrors a modern treasury reserve strategy, treating Bitcoin not as a speculative tech stock but as a foundational monetary asset. It's a direct challenge to legacy portfolios heavy on bonds and cash—assets currently offering returns that barely outpace inflation, if you're lucky.

This purchase doesn't just add to a balance sheet; it recalibrates the weight of digital assets in the global financial system. One firm's vault is becoming a significant piece of Bitcoin's finite supply. Watch what they do, not what their PR department says.

Second large Bitcoin purchase in two weeks

Strategy said the deal was funded mainly through its at-the-market program by selling common shares of MSTR, with extra funds coming from sales of its STRD, STRK, and STRF perpetual preferred shares. In total, the company sold about 4.79 million common shares, raising roughly $888.2 million, while preferred stock sales added around $101 million.

This new purchase marks the second week in a row that the firm has spent close to $1 billion on Bitcoin. The previous week, Strategy acquired 10,624 BTC for about $962.7 million. The back-to-back purchases stand out because most of Strategy’s recent buys earlier in the year were smaller, mainly due to limits on how much new capital it could raise. Over the past two weeks, those limits appear to have eased.

Index status and market attention

Strategy’s leadership has defended its approach despite growing debate around shareholder dilution and the risks of a Bitcoin-heavy balance sheet. Earlier this month, CEO Phong Le said the company’s ability to raise billions of dollars showed its financial strength during a period when some investors questioned liquidity. Executive Chairman Michael Saylor has also said the company has “no plans to sell” its Bitcoin, describing the strategy as a long-term accumulation plan.

Alongside the Bitcoin disclosure, Strategy confirmed it will remain part of the Nasdaq 100 following the index’s latest annual review, with changes set to take effect later in December. Attention has now shifted to MSCI, which is reviewing whether companies with more than 50% of their assets in cryptocurrencies should be excluded from certain indexes. Strategy responded in a formal letter, calling the proposed threshold “discriminatory, arbitrary, and unworkable.”

MSCI is expected to announce its final decision by January 15, 2026, with any changes potentially applied at the February index review. Analysts have warned that removal from major indexes could lead to large fund outflows. Meanwhile, Bitcoin is currently trading for $89,596, according to CoinMarketCap.

Also Read: Vanguard Allows Bitcoin ETFs but Still Sees crypto as Speculative