Simply put
- Bitcoin Treasury Company Strategy has spent almost $740 million on Bitcoin acquisitions.
- This firm, located in Tyson Corner, Virginia, reportedly holds 607,770 digital coins.
- Bitcoin recently dipped to just below $119,000.
On Monday, the Strategy for becoming the world’s largest corporate Bitcoin holder revealed it had acquired 6,220 Bitcoin for approximately $739.8 million.
The Nasdaq-listed company currently holds 607,770 BTC. According to an SEC filing, at current values, this amounts to over $72 billion in cryptocurrency holdings.
Michael Saylor mentioned on X that the strategy purchased these coins last week at an average price of $118,940.
The strategy acquired 6,220 BTC at ~$118,940 each for ~$739.8 million, achieving a 20.8% YTD yield for 2025 BTC. It previously bought at $71,756 per Bitcoin for $4.361 billion.
– Michael Saylor (@saylor)
The overall average price for these Bitcoin holdings stands at $71,756.
Earlier this month, Bitcoin reached a high of $122,838. Currently, it is trading near $118,980, reflecting a 2.4% decline over the last day, according to Coingecko.
Strategy, which began as a software company selling data analytics, shifted towards Bitcoin in 2020 to provide better returns for its investors.
Last week, the strategy revealed that from July 7 to 13, it bought Bitcoin worth $472 million for 4,225 BTC, averaging $111,827 per coin. Notably, after two months of consistent purchases, the company had paused its Bitcoin acquisitions.
Virginia-based Strategy stocks have surged by 2,867% since the pivot to a Bitcoin-focused strategy. On Monday morning, MSTR shares were priced just above $435.
Several other small Nasdaq companies are also venturing into Bitcoin, some even rebranding as Bitcoin finance firms. Notable among them are Semler Scientific, Core Scientific, Metaplanet, and Kulr Technology Group.
According to a source, around 155 public companies collectively own nearly 870,000 Bitcoin.
