Bitcoin News Today: Strategy Adds 155 BTC Boosting Holdings to 628,946 Worth $76 Billion

Michael Saylor’s Strategy has expanded its bitcoin holdings with the purchase of an additional 155 bitcoins, valued at approximately $18 million, bringing the company’s total bitcoin reserve to 628,946 as of August 2025. The acquisition, disclosed via an 8-K filing with the U.S. Securities and Exchange Commission (SEC), brings the total value of Strategy’s bitcoin holdings to around $76 billion, based on the current market price. The firm’s average cost per bitcoin is $73,288, with the cumulative investment reaching $46.1 billion. With its current holdings accounting for nearly 3% of the total 21 million bitcoin supply, the company has accumulated an unrealized gain of approximately $30 billion.

The latest acquisition was funded through the company’s ongoing preferred stock programs, including the sale of 115,169 STRF shares last week, generating $13.6 million in proceeds. An additional $1.87 billion remains available for future STRF sales. The remaining purchase was financed via the public offering of STRC shares, a financing mechanism the company has previously utilized [1].

Strategy’s preferred stock structure is designed to maintain capital discipline. The STRF shares carry a 10% cumulative dividend and are non-convertible, while the STRC shares offer variable monthly payouts, starting at 9% annually. Both are structured to keep their prices near $100 per share, ensuring liquidity and flexibility in capital generation [1].

The firm’s capital-raising strategy is part of a broader initiative known as the “42/42” plan, which aims to raise $84 billion in capital by 2027 through the issuance of shares and convertible bonds. As part of this plan, a new $4.2 billion ATM program for the STRC series was recently announced. The existing ATM programs for STRK, STRF, and STRD are valued at $21 billion, $2.1 billion, and $4.2 billion respectively [1].

Notably, Strategy did not issue any Class A common shares (MSTR) during the past week, under a self-imposed restriction to avoid dilution when the company’s market-to-nav (mNAV) ratio is below 2.5x. As of the latest report, the mNAV ratio stands at approximately 1.5x [1].

The company’s financial performance has been stellar, with a record net profit of $10 billion in the second quarter of 2025. The operating profit surged by 7,106% year-over-year, largely driven by the $14 billion in unrealized gains from cryptocurrency holdings, reflecting the power of fair value accounting in the crypto asset class [1].

Experts have praised Strategy’s approach to capital management and its disciplined model, particularly its focus on mNAV and the strategic use of preferred stock. According to data from Bitcoin Treasuries, Strategy is not alone in its accumulation strategy—151 publicly traded companies are now following a similar path, building significant BTC reserves [1]. Prominent firms such as MARA, Twenty One, Bitcoin Standard Treasury Company, Riot, and Galaxy Digital are among those amassing large bitcoin balances, with holdings ranging from 50,639 to 11,776 bitcoins [1].

The continued expansion of corporate bitcoin treasuries underscores a growing institutional confidence in the digital asset, with Strategy’s actions serving as a catalyst for broader adoption and strategic allocation in corporate balance sheets.

Sources:

[1] Strategy Buys More Bitcoin to Expand Massive Holdings

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