Strategy purchased 220 more Bitcoin, extending its dominance as the largest corporate holder while the asset itself maintains strong price action toward the $115,000 support level.
Summary
- Strategy purchased 220 BTC for $27.2 million, bringing its total holdings to 640,250 BTC worth $73 billion.
- The firm funded the buy through stock offering programs as Bitcoin held above $114,000.
- Corporate Bitcoin adoption grows globally, with 188 public firms now holding Bitcoin.
According to an announcement on Oct. 23, Strategy Inc. added 220 Bitcoin (BTC) to its reserves between Oct. 6 and Oct. 12, spending roughly $27.2 million at an average price of $123,561 per BTC.
The Tysons Corner, Virginia–based company, now holding 640,250 BTC worth about $73 billion, funded the acquisition through its at-the-market stock offering programs. The purchases drew from its STRF, STRK, and STRD perpetual preferred stock vehicles, which together raised $27.3 million during the period. Notably, Strategy remains the world’s largest corporate Bitcoin holder, accounting for just over 3% of the asset’s total supply.
Corporate momentum builds as Strategy’s Bitcoin pause ends
This latest acquisition signals a return to Strategy’s routine after a characteristic pause in its buying activity at the previous quarter’s end, a pattern the market has come to expect as the firm finalizes its financial reporting.
At current market levels, Strategy’s 640,250 BTC position translates to roughly $73 billion in holdings, reflecting paper gains of about $25.6 billion based on its cumulative acquisition cost of $47.4 billion. The numbers reaffirm the company’s role not just as Bitcoin’s largest corporate holder but as a market signal in its own right.
That influence is now visible across the corporate sector. According to data from Bitcointreasuries.net data, 188 public companies worldwide have now integrated bitcoin into their balance sheets, a movement Strategy pioneered.
While Strategy’s lead is monumental, other significant players have emerged, including mining firms like Marathon Digital Holdings with 52,850 BTC and Tether-backed entity Twenty One holding 43,514 BTC. Internationally, Japan’s Metaplanet has adopted a similar model, amassing 30,823 BTC, proving the strategy’s appeal beyond U.S. markets.
Bitcoin’s price action has remained resilient through the latest round of corporate accumulation. The asset continues to hover near $114,000, with firm technical support forming around the $115,000 level.
