Strategy (NASDAQ: MSTR), the world’s largest corporate holder of Bitcoin, expanded its treasury again last week as prices briefly dipped below $110,000.
According to a U.S. Securities and Exchange Commission filing on Monday, the company acquired 196 BTC for $22.1 million at an average price of $113,048 per coin.
The purchase, funded through both an at-the-market stock program and perpetual preferred stock issuance, Strategy’s ninth consecutive week of Bitcoin accumulation.
With this latest buy, Strategy now holds 640,031 BTC, acquired at an aggregate purchase price of $47.35 billion—or an average of $73,983 per coin.
Bitcoin bounced back on Monday, recovering from recent multi-week lows as fresh signs of accumulation by large holders helped stabilize the market after last week’s steep outflows.
The world’s largest cryptocurrency is trading near $112,300, rebounding from a three-week low below $109,000 hit just days ago.
Last week, Bitcoin fell more than 5% under the weight of heavy liquidations and selling pressure.
Growing institutional interest in Bitcoin
Strategy’s steady accumulation comes as institutional interest in Bitcoin intensifies, with corporate treasuries now holding more than 1 million BTC — about 5% of the circulating supply. The pace has quickened in 2025, as fresh entrants continue to join the roster of Bitcoin treasury holders.
Despite Bitcoin’s recent volatility, co-founder Michael Saylor signaled that the company has no plans to slow down.
The latest acquisition, though one of the smaller weekly purchases in recent months, comes as Saylor reiterated his bullish outlook.
Speaking last week, he predicted Bitcoin would begin climbing again into year-end as institutional demand builds: “As we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year.”
MSTR stock under pressure
While Strategy’s Bitcoin stack continues to grow, its stock has struggled to keep pace. MSTR is down over 7% over the last month, after falling from a high near $455 earlier this year to around $315 today in premarket. Shares briefly dipped below $300 last week before rebounding alongside Bitcoin’s recovery above $112,000.
Still, the company’s $47 billion Bitcoin bet remains the cornerstone of its valuation. Strategy’s relentless accumulation strategy has made it a bellwether for institutional Bitcoin adoption — closely watched by both traditional investors and the broader crypto community.
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