Strategy, the business intelligence firm co-founded by Michael Saylor, has pushed its Bitcoin reserves to a record level of roughly 638,985 BTC, valued at more than $73 billion.
According to a Monday update from Saylor, the company added 525 Bitcoin in its latest purchase, spending close to $60 million at an average cost of $114,562 per coin. This acquisition further strengthens Strategy’s position as the largest corporate holder of Bitcoin.
A Long-Term Bitcoin Play
The firm began its Bitcoin treasury strategy in August 2020 with an initial $250 million purchase, positioning the asset as a hedge against inflation. Since then, Strategy has regularly disclosed large acquisitions — including a $450 million buy reported between late August and early September.
Saylor’s aggressive accumulation helped set a precedent for companies exploring Bitcoin as part of corporate balance sheets. While Bitcoin remains the centerpiece, other firms have diversified into Solana (SOL $233.10), Ethereum (ETH $4,489), and even Dogecoin (DOGE $0.2638).
Broader Access to Crypto Exposure
Not all institutions can hold digital assets directly. In the United States, several state pension funds — including those in Arizona, California, Colorado, Florida, Louisiana, Maryland, New Jersey, Texas, and Utah — have turned to Strategy’s stock (MSTR) as a proxy for Bitcoin exposure.
A recent executive order from U.S. President Donald Trump, signed in August, could further accelerate this trend by enabling 401(k) retirement plans to allocate into cryptocurrencies.
More Than Just Bitcoin
Beyond its massive BTC stash, Strategy also offers investment vehicles linked to its Bitcoin reserves, including preferred shares (STRF and STRK) as yield products and leveraged ETFs.
With Bitcoin’s rise and the company’s ongoing buys, MSTR stock has climbed over 140% in the past year, trading around $324.05 at the time of writing.
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