Bitcoin treasury company Strategy (formerly MicroStrategy) has announced another significant purchase, acquiring an additional 168 BTC for approximately $18.8 million. The acquisition was made between October 13 and October 19 at an average price of $112,051 per bitcoin, according to an 8-K filing with the SEC on Monday. The Block said in a news report.
The latest buy pushes Strategy’s total bitcoin holdings to an enormous 640,418 BTC, now worth around $71.1 billion. According to Executive Chairman Michael Saylor, the total cost for this massive stash—which represents over 3% of Bitcoin’s total 21 million supply—stands at about $47.4 billion, reflecting a substantial paper gain of roughly $23.7 billion at current prices.
The firm funded this acquisition using proceeds from at-the-market (ATM) sales of its perpetual preferred stock offerings, specifically STRK, STRF, and STRD. These preferred stock programs are part of Strategy’s aggressive capital raise strategy, known as the “42/42” plan, which targets a total of $84 billion in equity and convertible note offerings by 2027 to finance its ongoing bitcoin purchases.
Strategy remains the single largest corporate holder of bitcoin, far surpassing other public companies that have adopted the asset, such as MARA, Twenty One, and Metaplanet, which hold tens of thousands of BTC each.
