One of Bitcoin’s biggest corporate champions is back in buying mode, adding another 220 BTC to its already massive holdings.
Key Takeaways
- Strategy Inc. acquired 220 BTC for $27.2 million, boosting its total holdings to 640,250 BTC valued at approximately $73 billion.
- The purchase was funded through stock offering programs, using proceeds from STRF, STRK, and STRD preferred shares.
- This acquisition follows a routine pause in buying that aligns with Strategy’s quarter-end financial reporting cycle.
- Strategy’s holdings now represent over 3 percent of Bitcoin’s total supply, reinforcing its position as the largest corporate holder globally.
What Happened?
Between October 6 and October 12, Strategy Inc. resumed its Bitcoin buying spree by purchasing 220 BTC at an average price of $123,561 per coin, according to an October 13 filing. The company raised $27.3 million through its at-the-market equity programs and used the proceeds to complete the purchase. This marks Strategy’s first Bitcoin acquisition in two weeks, reaffirming its long-standing accumulation strategy.
Strategy has acquired 220 BTC for ~$27.2 million at ~$123,561 per bitcoin and has achieved BTC Yield of 25.9% YTD 2025. As of 10/12/2025, we hodl 640,250 $BTC acquired for ~$47.38 billion at ~$74,000 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/v3IsCOaoeQ
— Michael Saylor (@saylor) October 13, 2025
Strategy’s Bitcoin Playbook Ramps Back Up
Strategy, formerly known as MicroStrategy, continues to set the pace for corporate Bitcoin adoption. This latest buy brings its total stash to 640,250 BTC, acquired at a weighted-average price of $74,000 per BTC, for a total cost of $47.4 billion. At current market levels, the firm holds paper gains of roughly $25.6 billion.
The acquisition was funded through the issuance of perpetual preferred stock:
- STRK (convertible with 8% non-cumulative dividend)
- STRF (non-convertible with 10% cumulative dividend)
- STRD (non-convertible with 10% non-cumulative dividend)
Although Strategy paused its BTC purchases at the end of the last quarter, this has become a routine and expected pattern as the company finalizes its financial results. Its recent $27 million buy was made as Bitcoin continued to defend the $114,000 support level, showing resilience despite broader market volatility.
Corporate Adoption Keeps Growing
Strategy’s influence on corporate adoption is undeniable. Data from BitcoinTreasuries.net shows that 188 public companies now hold Bitcoin, with Strategy holding more than 3 percent of the total 21 million supply. Other notable holders include:
- Marathon Digital: 52,850 BTC
- Tether-backed Twenty One: 43,514 BTC
- Japan’s Metaplanet: 30,823 BTC
- Bitcoin Standard Treasury Company: 30,021 BTC
- Coinbase: 11,776 BTC
These figures highlight how Strategy has become a trendsetter in corporate Bitcoin investment, influencing firms both in the U.S. and abroad.
Strategy’s Capital Arsenal Still Loaded
The company’s preferred equity structure gives it significant future firepower, with over $46 billion of available capacity still untouched. These include both fixed-rate and variable-rate offerings that provide investors flexible exposure to Bitcoin without directly holding the asset. Its broader “42/42” capital plan aims to raise $84 billion by 2027 for continued BTC accumulation.
CoinLaw’s Takeaway
Honestly, this move feels like classic Strategy. In my experience watching the firm’s buying patterns, these pauses and resumes are baked into its DNA. What really stands out to me this time is just how disciplined and systematic the company has become. It is not just buying the dip, it’s building an empire and that 640,250 BTC figure is no joke. I found it impressive that even during market chaos, when other firms panic, Strategy leans in. This level of conviction is rare, and it shows the firm is not just chasing headlines, it’s building a long-term digital asset treasury with serious firepower.
