Key Highlights
- Bitcoin Acquisition: Strategy (formerly MicroStrategy) added 4,980 BTC to its holdings, worth approximately $531.9 million, bringing its total stash to 597,325 BTC (~$64 billion at current prices).
- Funding Mechanism: Recent purchases were funded through its well-known at-the-market (ATM) equity offerings, part of an $84 billion financing plan under its "42/42" initiative to accumulate Bitcoin through 2027.
- Bullish Forecast: Executive Chairman Michael Saylor predicts Bitcoin could reach $21 million within 21 years, reinforcing the company’s aggressive accumulation strategy.
- Corporate Trend: Per BitcoinTreasuries.net, 140 publicly traded companies now hold Bitcoin on their balance sheets, with Strategy leading as the largest corporate holder.
Detailed Breakdown
Latest Bitcoin Purchase
Strategy’s latest buy averaged $106,801 per Bitcoin, funded via:
- Proceeds from common stock (MSTR) sales.
- Newly issued preferred shares (STRK/STRF) under its ATM program.
The company’s all-in average cost per BTC stands at $70,982**, generating **$21+ billion in unrealized gains.
Market Context
- Competitor Comparison: Strategy’s BTC holdings dwarf those of its closest rival, MARA Holdings (a Bitcoin miner), which holds ~10% of Strategy’s stash.
- Stock Performance: MSTR shares rose 2% in early trading Monday, with a 35%+ YTD gain, reflecting investor confidence in its Bitcoin-centric strategy.
Industry Adoption
Bitcoin reserves are gaining traction as a corporate treasury asset, with 140+ public companies now holding BTC. This trend underscores growing institutional acceptance of cryptocurrency as a hedge against inflation and currency devaluation.
FAQs
1. Why does Strategy keep buying Bitcoin?
Strategy views Bitcoin as a superior store of value and aims to maximize exposure ahead of potential long-term price appreciation, as highlighted by Michael Saylor’s $21 million/BTC forecast.
2. How does Strategy fund its Bitcoin purchases?
Primarily through equity sales (common/preferred shares) via its ATM program, avoiding debt and leveraging shareholder capital.
3. What’s the significance of the "42/42" plan?
It’s an $84 billion financing strategy to fuel Bitcoin acquisitions through 2027, ensuring continuous accumulation regardless of market cycles.
4. How does Strategy’s Bitcoin stash compare to others?
With ~597,325 BTC, it holds 10x more than the next-largest public company (MARA Holdings), solidifying its position as the leading corporate Bitcoin reserve entity.
5. What’s driving more companies to hold Bitcoin?
Growing recognition of BTC as a non-correlated asset and inflation hedge, alongside declining trust in traditional fiat currencies.
👉 Explore how Bitcoin is reshaping corporate treasuries
👉 Why institutions are flocking to Bitcoin in 2025
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