Michael Saylor’s Strategy, the largest publicly listed Bitcoin holder, expanded its crypto portfolio last week as Bitcoin climbed to fresh all-time highs.
The company purchased 220 BTC for approximately $27.2 million, Saylor revealed in a post on X on Monday. The official filing had not yet appeared on the US Securities and Exchange Commission website at the time.
The coins were acquired at an average cost of $123,561 each, as Bitcoin briefly surpassed $126,200 on October 6 before tumbling to around $107,000 during Friday’s sudden market drop, according to Coinbase data.
After this latest acquisition, Strategy’s total holdings reached 640,250 BTC, with a cumulative investment of roughly $47.38 billion, averaging $74,000 per coin.
“No Tariffs on Bitcoin”
Amid Friday’s market turmoil—widely linked to US President Donald Trump’s recent tariff threats against China—Saylor reassured investors on X: “No tariffs on Bitcoin.” That day, the cryptocurrency plunged nearly $20,000 in a single session.
With this new purchase, Strategy’s BTC Yield—tracking the ratio between Bitcoin holdings and diluted shares outstanding—rose to 25.9% year-to-date, Saylor noted.
The move follows a 196 BTC purchase announced in late September. Strategy had skipped buying additional Bitcoin during the first week of October.
MSTR Shares React
Strategy’s Bitcoin acquisition coincided with a drop in its Common A stock (MSTR), which fell from roughly $360 on Monday to $309 by Friday, per TradingView data.
Although MSTR is down about 33% from its July high of $456, it remains 63% higher than a year ago, reflecting Bitcoin’s own gains, which rose 84% over the same period, according to CoinGecko.
Last Friday, Strategy highlighted on X that it has been “securitizing BTC” for equity and credit investors through at-the-market (ATM) offerings, including the Series A Perpetual Strike Preferred Stock (STRF, STRK) and others.
Some market observers noted that MSTR has lagged behind Bitcoin-focused exchange-traded funds (ETFs). One commentator wrote:
“The minute I can buy a Bitcoin ETN in the UK, I’ll likely sell all my MSTR holdings, and it’s a substantial amount. Many investors are losing confidence at the moment.”
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