Key Highlights
- Strategy acquired 10,624 Bitcoin for $962.7 million in its latest purchase.
- The firm’s total Bitcoin holdings now stand at 660,624 BTC, purchased for an aggregate cost of $49.35 billion.
- The acquisition signals Strategy’s continued long-term conviction in Bitcoin despite current market volatility.
Strategy Inc., the legacy Bitcoin management firm, announced today that it has purchased an additional 10,624 Bitcoin (BTC), reinforcing its position as the largest corporate holder of the largest cryptocurrency.
The acquisition, executed between December 1 and December 7, involved a total investment of approximately $962.7 million at an average price of $90,615 per Bitcoin. In its latest filing, the firm reported that its total Bitcoin holdings have now reached 660,624 BTC.
Cost basis update
This latest move shows the company’s conviction in its Bitcoin treasury strategy, which is managed by Executive Chairman Michael Saylor and CEO Phong Le. The aggregate cost basis for this stockpile stands at $49.35 billion, translating to an average purchase price of $74,696 per coin, including fees and expenses. Strategy maintains holdings of over 3% of the total Bitcoin supply.
The purchase was financed using net proceeds from the sale of the company’s Class A common stock and its Series D preferred stock (STRD). This accumulation comes as the company’s stock trades below mid-year highs, yet the firm maintains a positive Bitcoin yield of 24.7% year-to-date for 2025.
Market backdrop during the acquisition
The acquisition occurred against a backdrop of volatility in the broader cryptocurrency market. At the time of writing, Bitcoin trades at $91,640.07, showing a 2.05% incline over the last 24 hours. It has a market cap of $1.82T, with an increase of 1.96%, and its 24-hour trading volume is $57.98 billion. The circulating supply is currently 19.85 million BTC, nearing its maximum supply cap of 21 million BTC.
Market sentiment remains cautious as investors await the Federal Reserve’s interest rate decision scheduled for later this week, which could further impact risk assets.
Despite an overall weak environment and liquidity concerns that have pressured the crypto markets, Strategy has used the recent price dips to lower its average cost basis relative to current market prices, continuing its pattern of buying during corrective phases.
Investor confidence and future vision
Strategy’s conviction in its digital capital mandate remains unshaken despite recent volatility that has seen its own stock price adjust downward from July peaks.
To support investor confidence and meet financial obligations, the company recently announced a $1.44 billion USD reserve to cover dividend payments on preferred stock and interest on debt for the next 21 months.
This approach of aggressive Bitcoin accumulation paired with a solidified cash reserve for fiat obligations shows a maturing approach, designed to weather short-term price fluctuations while maintaining long-term exposure to the asset class. Strategy’s continued purchasing signals that institutional demand for Bitcoin persists regardless of volatility.
Also Read: Strategy Stock Pressured as Bitcoin Drop Fuels Concern
