Strategy lifted its Bitcoin treasury to 638,985 BTC worth more than $73 billion after buying 525 BTC for about $60 million, Michael Saylor said in a Monday notice. The company reported an average price of $114,562 per coin. At publication time, BTC stood near $114,895.
Strategy Bitcoin holdings hit 638,985 BTC and $73 billion
The latest Bitcoin purchase added 525 BTC to the Strategy Bitcoin stash. The company disclosed a notional value above $73 billion for the Bitcoin holdings at the time of publication. The update listed the average purchase price as $114,562.
The disclosure followed a consistent reporting cadence. The firm has posted coin counts, dollar amounts, and timing for each Bitcoin buy. The notice kept the same format and included the headline totals.
Strategy also referenced recent activity. The company previously reported about $450 million in Bitcoin purchases across late August and early September. With the new buy, total Bitcoin holdings reached 638,985 BTC.
Michael Saylor and the Bitcoin treasury strategy since 2020
Michael Saylor initiated the Bitcoin treasury approach in August 2020 with a $250 million allocation. The program framed Bitcoin as a balance sheet asset. The firm then executed periodic additions through different market conditions.
Each update supplied specific figures. It included coin amounts, dollar values, and averages. This practice allowed observers to track the Strategy Bitcoin holdings over time.
The program ran alongside broader market adoption. Some companies set allocations to Bitcoin. Others explored Solana (SOL) at $232.60, Ether (ETH) at $4,488, or Dogecoin (DOGE) at $0.2642. The choices reflected mandates and policies.
MSTR stock and pension fund exposure to Bitcoin
Institutions also used MSTR to gain Bitcoin exposure. Pension funds in Arizona, California, Colorado, Florida, Louisiana, Maryland, New Jersey, Texas, and Utah reported holding MSTR in 2024. That route provided Bitcoin sensitivity through equity rather than spot coins.
Policy developments opened additional paths. An executive order signed by U.S. President Donald Trump in August permitted 401(k) plans to include cryptocurrencies. Plan adoption depends on sponsors and compliance processes. The order established a regulatory basis for retirement menus.
Market pricing reflected the balance sheet strategy. Over the last year, MSTR gained more than 140 percent. The stock traded near $324.05 at publication time. The figure appeared alongside the treasury update.
Beyond BTC holdings: STRF, STRK, and leveraged ETFs
Strategy listed instruments beyond common equity. The company offers preferred shares STRF and STRK. The firm described both as yield products tied to Bitcoin’s price performance.
The company also referenced leveraged exchange traded funds connected to Strategy’s Bitcoin holdings. These ETFs seek amplified exposure relative to the underlying sensitivity. They present an alternative channel for investors who track MSTR and the Bitcoin treasury.
Together, MSTR, STRF, STRK, and leveraged ETFs sit alongside 638,985 BTC on the balance sheet. The latest $60 million buy updated the aggregate and the average price. The notice kept the focus on the Strategy Bitcoin stash and the treasury program that began in 2020.
