Michael Saylor’s company has once again increased its Bitcoin holdings, funding the acquisition through share sales as other corporations also capitalize on the price dip.
Strategy Adds 220 BTC to Its Treasury
Strategy (formerly known as MicroStrategy), the world’s largest corporate holder of Bitcoin, has purchased an additional 220 BTC worth approximately $27.2 million during the latest market correction. The average purchase price was $123,561 per coin.
With this acquisition, the company now holds a total of 640,250 BTC, acquired at an average cost of $74,000 per BTC. Year-to-date (YTD), Strategy has achieved a 25.9% return on its Bitcoin investments.
It was also revealed that Strategy financed this purchase through the sale of its STRF, STRD, and STRK shares, raising approximately $19.8 million, $5.8 million, and $1.7 million, respectively.
Strategy Resumes Bitcoin Purchases
The purchase comes amid market volatility, as Bitcoin briefly fell to around $105,000 before recovering part of its value.
This marks a continuation of the company’s regular Bitcoin accumulation strategy after a brief pause the previous week.
For the quarter ending September 30, Strategy reported an unrealized profit of $3.89 billion from its digital assets, along with a deferred tax expense of $1.12 billion. As of that date, the carrying value of its crypto holdings stood at $73.21 billion, accompanied by a deferred tax liability of $7.43 billion.
Company shares (MSTR) were trading around $307 in pre-market hours, down nearly 16% over the past five days.
Other Companies Are Also Buying the Dip
In addition to Strategy, several major companies are also taking advantage of the Bitcoin price drop to accumulate more.
Marathon Digital (MARA), one of the leading Bitcoin miners, purchased 400 BTC worth $46 million via the FalconX platform, expanding its crypto reserves.
The Smarter Web Company – the largest publicly traded UK-based company holding Bitcoin on its balance sheet – continues to accumulate BTC as part of its long-term “10-year strategy.” The company currently holds 2,650 BTC.
Conclusion
Market uncertainty hasn’t stopped strategic players like Michael Saylor and his company Strategy from continuing to accumulate Bitcoin. With growing reserves and a long-term vision, these institutions reinforce their status as leading participants in the global crypto landscape.
Frequently Asked Questions
Find answers to the most common questions below.
Strategy currently holds around 640,250 BTC, making it the largest corporate Bitcoin holder in the world.
The company sold shares from STRF, STRD, and STRK, raising nearly $27 million to fund the acquisition.
Yes. Marathon Digital and The Smarter Web Company have also increased their Bitcoin holdings during the latest price correction.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
