Bitcoin News Today: Bitcoin's Corporate Gold Rush Hits a New Milestone with Strategy's $449M BTC Buy

Strategy Inc. has acquired 4,048 Bitcoin for $449.3 million, further increasing its total holdings to 636,505 Bitcoin, as disclosed in a Form 8-K filing on September 2, 2025. The company made the latest purchases at an average price of $110,981 per Bitcoin, reflecting ongoing corporate treasury adoption trends in the digital asset space. The acquisition was financed through multiple at-the-market (ATM) programs, which collectively raised $471.8 million between August 26 and September 1, 2025. These programs include offerings such as STRF, STRK, STRD, and MSTR ATMs, indicating sustained investor interest in Bitcoin-related securities [4].

The continued accumulation underscores Strategy’s aggressive strategy to build Bitcoin reserves using innovative financing mechanisms. The company maintains a range of ATM offerings, including perpetual preferred stock and common shares, which have drawn significant capital from institutional and retail investors. For example, the STRK ATM alone has a $21 billion capacity offering 8.00% Series A Perpetual Strike Preferred Stock. These instruments have proven attractive to investors seeking exposure to Bitcoin through traditional market structures, enhancing the company’s credibility as a key player at the intersection of digital assets and conventional finance [4].

The latest Bitcoin purchase brings Strategy’s total Bitcoin holdings to 636,505 BTC, valued at $46.95 billion based on the most recent filings. The company has updated its financial strategy to include tactical equity issuance even when its multiple to Bitcoin net asset value (mNAV) dips below the previous 2.5x threshold. This flexibility allows Strategy to continue its accumulation efforts during periods of market weakness. The company’s mNAV has historically fluctuated, dropping to 1.57 following a peak of 3.4 after Donald Trump's re-election, but it has now stabilized as the firm continues its buy strategy [1].

The broader corporate treasury model pioneered by Strategy has inspired numerous firms to adopt similar strategies. Currently, corporate treasuries collectively hold over $108 billion worth of Bitcoin, accounting for approximately 4.7% of its total supply. This model has reshaped corporate finance and speculative investing, leveraging balance sheets as a permanent source of Bitcoin demand. However, Strategy has faced challenges, including market skepticism over its financing tactics. A recent preferred stock offering raised only $47 million, falling short of expectations and forcing a return to common share issuance, despite earlier commitments to limit dilution [2].

Investor sentiment is also shifting toward alternative digital assets, with Ether-focused treasuries committing over $19 billion. The emergence of spot Bitcoin ETFs has increased competition by offering direct exposure without the risks associated with corporate governance, leverage, or share dilution. Additionally, nearly one-third of publicly traded companies with Bitcoin reserves now trade below the value of their holdings, raising concerns about liquidity constraints and reliance on convertible debt. If Bitcoin experiences a sharp price decline, enthusiasm for treasury-style strategies could wane, potentially compressing valuations across the sector [1].

Despite these challenges, Strategy remains optimistic about its long-term prospects. The company recently updated its guidance to allow for greater flexibility in its equity issuance strategy, and it is now being considered for potential inclusion in the S&P 500 index. Such a milestone could attract billions in passive inflows, positioning Strategy as a key player in mainstream equity portfolios alongside companies like Coinbase and Block. The company maintains a public dashboard on its website, providing real-time data on its Bitcoin holdings, market prices of outstanding securities, and other performance indicators to enhance transparency [4].

Bitcoin’s price remains supported by institutional allocations and continued corporate buying, with Strategy’s latest purchases occurring alongside broader market trends. Analysts suggest that additional corporate Bitcoin announcements are expected in the coming months, reinforcing the growing acceptance of digital assets as a strategic corporate asset. While volatility persists, the market appears to be stabilizing as more companies adopt Bitcoin as part of their treasury strategies [3].

Source:

[1] Michael Saylor's Bitcoin Bet Under Fire as Strategy's $47M (https://finance.yahoo.com/news/michael-saylors-bitcoin-bet-under-192045920.html)

[2] Michael Saylor Hit by Market Revolt as His Bitcoin Premium (https://finance.yahoo.com/news/michael-saylor-hit-market-revolt-130000575.html)

[3] Bitcoin is getting boring. That could open more doors for the (https://finance.yahoo.com/news/bitcoin-is-getting-boring-that-could-open-more-doors-for-the-crypto-asset-on-wall-street-091231252.html)

[4] Bitcoin Price Surges Above $111000 As Strategy Buys (https://bitcoinmagazine.com/markets/bitcoin-price-surges-above-111000-as-strategy-buys-449-million-worth-of-btc)