TLDR
- Strategy bought 220 Bitcoin for $27.2 million between October 6-12, 2025 at an average price of $123,561 per coin
- The company now holds 640,250 BTC worth approximately $73 billion, purchased at an average price of $74,000 per coin
- The purchase was funded through sales of perpetual preferred stocks including STRK, STRF, and STRD
- Strategy’s stock (MSTR) fell from $360 to $309 last week, down 33% from its July peak of $456
- The company’s BTC Yield reached 25.9% year-to-date with the new purchase
Strategy Inc., formerly known as MicroStrategy, announced its latest Bitcoin acquisition on Monday. The company purchased 220 BTC for approximately $27.2 million. The transaction occurred between October 6 and October 12, 2025.
Executive Chairman Michael Saylor disclosed the purchase through social media. The filing had not yet appeared on the SEC website at the time of announcement. The acquisition was completed at an average price of $123,561 per Bitcoin.
The purchase came during a volatile week for Bitcoin markets. The cryptocurrency reached an all-time high above $126,200 on October 6. By Friday, prices had dropped to $107,000 in what traders called a flash crash.
Strategy now holds a total of 640,250 Bitcoin. The entire position was acquired for approximately $47.4 billion including fees and expenses. This represents more than 3% of Bitcoin’s total 21 million supply cap.
The company’s holdings are now worth approximately $73 billion at current prices. This implies paper gains of around $25.6 billion based on the average purchase price of $74,000 per coin. The acquisition marks Strategy’s return to Bitcoin buying after skipping purchases in early October.
Funding Through Preferred Stock Sales
The latest Bitcoin purchase was funded through at-the-market sales of perpetual preferred stocks. Strategy used proceeds from its STRK, STRF, and STRD offerings. These instruments are part of the company’s broader capital raising strategy.
STRD is non-convertible with a 10% non-cumulative dividend. STRK is convertible with an 8% non-cumulative dividend allowing equity upside. STRF is non-convertible with a 10% cumulative dividend, making it the most conservative option.
These perpetual preferred stock programs have combined ATM programs totaling $31.5 billion. They operate separately from Strategy’s “42/42” plan. That plan targets $84 billion in total capital raises through 2027.
The 42/42 plan was expanded from an initial $42 billion target. It combines equity offerings and convertible notes for Bitcoin acquisitions. The company depleted the equity side of its original 21/21 plan earlier this year.
Stock Performance During Market Turbulence
Strategy’s stock price declined last week during market volatility. MSTR shares fell from around $360 on Monday to $309 by Friday. The drop coincided with Bitcoin’s price correction and broader market concerns.
As of Monday, MSTR was down roughly 33% from its July peak. The stock had reached approximately $456 in July. Despite recent declines, the stock remained 63% higher than a year ago.
Bitcoin rose 84% over the same one-year period. Some investors noted MSTR has been underperforming Bitcoin ETFs. Comments from shareholders suggested frustration with the stock’s recent performance compared to direct Bitcoin exposure.
President Donald Trump announced new China tariff threats on Friday. The announcement contributed to the market crash that day. Saylor responded on social media writing “No tariffs on Bitcoin” as the cryptocurrency dropped nearly $20,000.
The company’s BTC Yield metric reached 25.9% year-to-date. This measures the percentage change in the ratio between Bitcoin holdings and assumed diluted shares outstanding. Strategy last purchased 196 BTC in late September before the latest acquisition.
