Bitcoin News Today: Court Clears Bitcoin Valuation Hurdle, Boosting Corporate Adoption

Michael Saylor's Strategy Resumes Bitcoin Purchases With $27 Million Buy, Now Holds Mammoth 640,250 BTC

Michael Saylor, CEO of Strategy (formerly MicroStrategy), has reignited the company's Bitcoin accumulation strategy, purchasing 220 BTC for $27.2 million at an average price of $123,561 per coin. This brings Strategy's total holdings to 640,250 Bitcoin, valued at approximately $79 billion as of October 13, 2025, solidifying its position as the largest corporate holder of the cryptocurrency Bitcoin Adoption And Regulatory Developments Crucial As^[6]. The acquisition, funded by proceeds from the sale of STRF, STRD, and STRK preferred shares, marks Strategy's return to its regular buying schedule after a brief pause in late September Strategy Halts Bitcoin Buys, Reports $14B in Unrealized …^[2].

The purchase follows a significant legal development: a federal court dismissed with prejudice a lawsuit accusing Strategy of overvaluing its Bitcoin holdings under fair-value accounting. This ruling removes a major regulatory hurdle for corporate adoption of Bitcoin and sets a precedent for companies seeking to list digital assets on their balance sheets Strategy Snapshot: Bitcoin rises after record purchase …^[1]. Saylor has long advocated for fair-value accounting, arguing it reflects Bitcoin's true market value and supports institutional confidence Bitcoin Adoption And Regulatory Developments Crucial As^[6].

Strategy's aggressive accumulation is financed through a series of at-the-market (ATM) offerings and preferred stock programs. The company's latest capital-raising efforts include a $4.2 billion STRD perpetual preferred stock offering, which provides a 10% annual dividend and allows Strategy to fund further Bitcoin purchases while maintaining liquidity Strategy Halts Bitcoin Buys, Reports $14B in Unrealized …^[2]. As of June 2025, Strategy had raised $5.6 billion through IPOs this year alone, leveraging capital markets to sustain its Bitcoin treasury Strategy Snapshot: Bitcoin rises after record purchase …^[1].

The company's financial strategy has drawn both praise and scrutiny. While Strategy's Bitcoin yield-measured as the ratio of holdings to diluted shares-reached 25.9% year-to-date, analysts warn of risks tied to price volatility and regulatory uncertainty. A 22% drop in Bitcoin's price below companies' average purchase costs could trigger forced liquidations, exposing systemic risks for firms following Strategy's model . Nonetheless, Saylor remains bullish, stating, "Bitcoin is still on sale," and hinting at continued purchases if the "Monday pattern" of announcements persists Strategy Snapshot: Bitcoin rises after record purchase …^[1].

Corporate Bitcoin adoption is accelerating, with publicly traded companies now controlling 3.39% of the total supply, up from 3% in June . Strategy's holdings alone account for nearly 3% of circulating Bitcoin, rivaling the cash reserves of tech giants like Amazon and Microsoft, which have resisted allocating Bitcoin to their treasuries . JPMorgan and BlackRock have endorsed Bitcoin as a hedge against dollar devaluation, further legitimizing its role in institutional portfolios .

Market observers are closely watching the interplay between regulatory developments and corporate buying. The U.S. government shutdown in late September delayed key crypto-related legislative updates, including potential approvals for spot ETFs and stablecoin regulations Corporate Bitcoin Holdings Cross 3% Milestone in …^[4]. However, analysts like Tim Enneking of Psalion predict a new all-time high for Bitcoin before year-end, driven by ETF momentum and broader institutional adoption Corporate Bitcoin Holdings Cross 3% Milestone in …^[4].

Strategy's latest move underscores its commitment to Bitcoin as a strategic reserve asset. With $79 billion in BTC and a $44.8 billion remaining ATM capacity across multiple programs, Saylor's vision of a "Bitcoin Standard" for corporate treasuries appears firmly entrenched-at least for now.

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