Bitcoin News Today: Legal Win Fuels Strategy's Bitcoin Accumulation Push

Michael Saylor's Strategy, the world's largest corporate holder of Bitcoin, has resumed its aggressive accumulation strategy, purchasing an additional 220 BTC for $27.2 million at an average price of $123,561 per coinStrategy Buys Another $27M in Bitcoin — Here Is How Saylor …^[5]. The acquisition, announced on October 12, 2025, brings the company's total Bitcoin holdings to 640,250 BTC, valued at approximately $73 billion-representing over 3% of the cryptocurrency's total supply'Don't stop ₿elievin': Strategy spends $27 million buying the dip as ...^[6]. The move underscores Saylor's philosophy of "buy fear, sell never," as the purchase followed a chaotic market week marked by a $20 billion liquidation eventStrategy Buys Another $27M in Bitcoin — Here Is How Saylor …^[5].

Strategy's latest buy was financed through its "42/42" capital plan, which targets $84 billion in equity and debt financing through 2027. The firm has expanded its preferred stock offerings to include STRD, STRK, and STRF, each tailored to different risk-return profiles. The STRD perpetual preferred stock, for instance, offers a 10% non-cumulative dividend and raised $250 million in June 2025Strategy Launches 10% STRD Preferred Shares to Fuel Bitcoin …^[7]. These instruments allow Strategy to sustain its Bitcoin purchases without diluting common shareholders excessively.

The company's capital-raising prowess has positioned it as a dominant force in the corporate Bitcoin space. As of October 2025, Strategy holds over twice as much Bitcoin as the next 117 publicly traded companies combined'Don't stop ₿elievin': Strategy spends $27 million buying the dip as ...^[6]. Saylor recently doubled the company's capital plan to $42 billion in equity and $42 billion in fixed income, aiming to increase Bitcoin's yield on the balance sheet to 25% by year-endStrategy Reports $180 Million Bitcoin Purchase and …^[3].

A critical development this summer was the dismissal of a lawsuit accusing Strategy of overstating the benefits of fair-value accounting for its Bitcoin reserves. The case, which had been a closely watched regulatory test, was dismissed with prejudice in August 2025Strategy Snapshot: Bitcoin rises after record purchase announcement^[1]. This legal victory reinforces Strategy's ability to continue using market prices for its quarterly asset valuations, a model Saylor has championed as essential for corporate Bitcoin adoptionStrategy Snapshot: Bitcoin rises after record purchase announcement^[1].

Bitcoin's price remains volatile, fluctuating between $105,000 and $115,000 in recent weeksStrategy Halts Bitcoin Buys, Reports $14B in Unrealized …^[2]. However, regulatory developments, including the U.S. SEC's easing of rules for exchange-traded products (ETPs), have bolstered optimism for broader institutional adoptionBitcoin Adoption And Regulatory Developments Crucial As^[4]. Analysts note that pending crypto ETF approvals and the Clarity Act could further accelerate Bitcoin's integration into corporate treasuriesBitcoin Adoption And Regulatory Developments Crucial As^[4].

Despite its success, Strategy's strategy carries risks. High Bitcoin volatility and dependence on capital markets could strain the company's balance sheet if market conditions deteriorateStrategy Snapshot: Bitcoin rises after record purchase announcement^[1]. Additionally, while the legal case dismissal was a win, future regulatory shifts or market corrections could reignite legal challengesStrategy Snapshot: Bitcoin rises after record purchase announcement^[1].

Looking ahead, Saylor has signaled no slowdown. With $44.8 billion in remaining ATM capacity across STRK, STRD, and other programsStrategy Halts Bitcoin Buys, Reports $14B in Unrealized …^[2], Strategy is poised to continue its accumulation. The company's stock (MSTR) has rebounded slightly in pre-market trading following last week's 13% drop, reflecting investor confidence in Saylor's long-term vision'Don't stop ₿elievin': Strategy spends $27 million buying the dip as ...^[6].

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