Strategy Acquires 390 BTC for $43.4M, Total Holdings Reach 640,808

Strategy Inc. Acquires Bitcoin

  • Strategy Inc. acquired 390 Bitcoin for around $43.4 million between October 20-26, 2025.
  • The average price paid per Bitcoin was $111,117.
  • Funding for the purchase came from sales of preferred stock: STRF, STRK, and STRD shares.

Treasury Update

  • As of October 26, 2025, Strategy holds 640,808 BTC, valued at $47.44 billion in total.
  • The average cost basis for these holdings is $74,032 per Bitcoin.

Investment Strategy

  • The company regularly acquires Bitcoin, including recent purchases of 220 BTC and 196 BTC in previous weeks.
  • Preferred stock instruments (STRC, STRD, STRF, STRK) were launched to raise capital for these acquisitions.
  • Strategy remains the largest corporate holder of Bitcoin through consistent purchases.

Market Context

  • The company has faced both support and criticism for its aggressive Bitcoin acquisition strategy.
  • Critics like Peter Schiff have raised liquidity concerns.

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