Strategy is a business intelligence company co-founded by Michael Saylor, which has increased its Bitcoin holdings to over $73 billion after purchasing reports as part of its treasury strategy.
In a Monday announcement, Saylor stated that the company acquired 525 Bitcoins (BTC) for approximately $60 million, at an average price of $114,562 per coin. These additional Bitcoins bring Strategy's total holdings to 638,985 BTC, valued at over $73 billion at the time of publication.
This Bitcoin purchase is part of Strategy's accumulation strategy, which was launched in August 2020 with an initial investment of $250 million to buy BTC. Since that initial investment, the company has regularly announced significant BTC purchases, including a $450 million purchase reported at the end of August and early September.
Saylor's accumulation of Bitcoin through Strategy marks one of the company's first significant initiatives to establish a cryptocurrency treasury as a potential hedge against inflation. While many companies in the U.S. and globally have allocated similar configurations to invest in BTC, others have been exploring investments in Solana (SOL), Ethereum (ETH), and even Dogecoin (DOGE).
While some state treasuries in the U.S. have been exploring ways to directly hold cryptocurrencies like Bitcoin through strategic reserves, other institutions have been using Strategy stock (MSTR) as a means to gain exposure to digital assets, in cases where there may be restrictions on direct investment policies or public opposition.
Pension funds in Arizona, California, Colorado, Florida, Louisiana, Maryland, New Jersey, Texas, and Utah reported holding MSTR in 2024.
An executive order signed by U.S. President Donald Trump in August may also accelerate this adoption by allowing 401(k) retirement plans to include cryptocurrencies in their investment strategies.
In addition to Strategy's stock and its BTC holdings, the company also offers preferred stocks STRF and STRK, as yield products linked to cryptocurrency prices, as well as leveraged exchange-traded funds (ETFs) related to its Bitcoin holdings.
Over the past year, MSTR's price has risen by more than 140%, reaching $324.05 at the time of publication.
Related: Galaxy Digital spends $306 million to acquire Solana (SOL) after completing cryptocurrency reserve transactions.
Original: “Strategy's Bitcoin (BTC) holdings reach 638,985, valued at over $73 billion”
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