Strategy Inc. has expanded its Bitcoin holdings with a significant $108.8 million purchase of 1,229 BTC as the cryptocurrency traded near $88,000. The acquisition, executed between December 22 and 28, 2025, had an average purchase price of $88,568 per coin and was confirmed by the company’s executive chairman, Michael Saylor.
Strategy Inc. funded the entire Bitcoin acquisition using proceeds from its ongoing at-the-market offering of Class A common stock. During this process, the company sold approximately 663,450 shares, generating the $108.8 million needed for the Bitcoin purchase. This latest acquisition has expanded Strategy’s cumulative Bitcoin holdings to an impressive 672,497 BTC, acquired at an average cost basis of $74,997 per coin and currently valued at roughly $58.65 billion.
The at-the-market offering mechanism allowed Strategy Inc. to sell shares incrementally into the open market over time, enabling the company to channel capital directly into Bitcoin accumulation without raising dedicated debt. This approach has become a characteristic strategy for the company as it continues to build its Bitcoin treasury.
This latest purchase coincided with a period of price consolidation for Bitcoin, which was trading near $88,000 and facing resistance at the $90,000 level. Strategy’s stock showed a modest premarket decline during the same sessions, reflecting short-term market sentiment despite the company’s continued accumulation strategy.
Strategic Acquisition and Financing Details
Michael Saylor confirmed the transaction and highlighted a 23.2% year-to-date Bitcoin yield for 2025. Market analysts note that large, persistent accumulations by institutional treasuries like Strategy Inc. can potentially reduce available supply on exchanges and mute volatility over time.
Bitwise CIO Matt Hougan was referenced suggesting that the traditional four-year Bitcoin cycle may be giving way to a longer, steadier appreciation pattern—an interpretation that positions Strategy’s continued purchases as part of a broader institutional conviction rather than a tactical trade.
The scale of Strategy’s holdings has positioned the company as a significant market participant. While these large treasury positions can influence sentiment and provide buying support during market pullbacks, they also concentrate exposure to Bitcoin price movements within the corporate balance sheet.
Strategy Inc.’s $108.8 million addition of 1,229 BTC demonstrates ongoing institutional accumulation despite Bitcoin’s current difficulty in surpassing the $90,000 threshold.
