Strategy and Other Firms Expand Bitcoin Holdings Amid Corporate Buying Boom
Corporate bitcoin accumulation shows no signs of slowing, as Strategy (MSTR), the world’s largest public holder of BTC, announced it has increased its holdings by 4,225 bitcoin, investing $472.5 million last week.
This latest purchase brings Strategy’s total bitcoin stash to 601,550 BTC, acquired at an average price of $71,268 per coin, totaling $42.87 billion in cumulative spending. With bitcoin now trading near $121,500, the company’s holdings are valued at roughly $73 billion.
Strategy financed the acquisition through a mix of funding sources: $330.9 million from at-the-market stock sales, plus $71.1 million from STRK preferred shares, $55.3 million from STRF preferred shares, and $15 million from STRD preferred shares. Altogether, the firm secured $472.3 million to fund its latest bitcoin buy. MSTR shares rose 2.5% to close at $445 following the news.
Other Companies Join the BTC Accumulation Trend
Strategy wasn’t alone in growing its bitcoin treasury:
- Sequans (SQNS) added 683 BTC, bringing its total to 1,053 BTC.
- K33 (K33 AB) purchased 36 BTC, increasing its holdings to 121 BTC and crossing the 100 BTC mark.
- Tao Alpha (SATS) entered the bitcoin market with its first purchase of 28.56 BTC.
- The Blockchain Group added 29 BTC, lifting its reserves to 1,933 BTC.
These acquisitions follow Metaplanet’s recent buy of 797 BTC, highlighting the ongoing momentum in corporate bitcoin adoption as companies look to diversify reserves and participate in the growing digital asset space.
