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Strategy, the former
now rebranded to reflect its singular focus on , has pushed its corporate Bitcoin holdings to a record $76 billion. The latest addition of 155 BTC, acquired at an average price of $116,401 per coin, brings the company’s total holdings to 628,946 BTC [1]. This purchase, the second smallest of the year after a March acquisition of 130 BTC, adds to a total cost basis of $46.09 billion, with the current valuation standing at approximately $75.6 billion—representing a 63.5% gain and a $29 billion profit [2].Funding for the latest acquisition came from the sale of 115,169 shares of Strife (STRF) preferred stock, which raised around $13.6 million [2]. The company still retains the capacity to issue $1.87 billion more under its
program and has $4.2 billion in proceeds from the earlier STRC preferred stock offering. These financial tools are part of Strategy’s expanded “42/42” capital-raising plan, now targeting $84 billion in equity and convertible notes for Bitcoin purchases through 2027 [2].This milestone marks exactly five years since Strategy’s first Bitcoin purchase on August 11, 2020, when the company acquired 21,454 BTC for $250 million [2]. Over the past five years, Strategy has spent $46 billion to acquire its Bitcoin position, transforming from a company with a market capitalization of $1.2 billion into one valued at $118 billion as of 2025 [2]. The firm has also spent $18 billion on Bitcoin in 2025 alone [3], highlighting its relentless and disciplined accumulation strategy.
The company’s Q2 financial performance underscores the success of its Bitcoin-centric strategy. It reported a record $10 billion net income, driven by a $14 billion unrealized gain following new accounting rules that allow digital assets to be reported at fair value [2]. Operating income surged over 7,100% year-on-year, further validating the financial impact of the Bitcoin treasury model.
Strategy remains far ahead of its corporate peers in Bitcoin holdings. According to Bitcoin Treasuries data, its closest competitor, Marathon Digital (MARA), holds just over 50,000 BTC [2]. The company’s dominance in corporate Bitcoin ownership—holding nearly 3% of the total supply—has set a precedent that few have matched. While some investors have raised concerns about its premium-to-NAV valuation and the sustainability of its capital-raising mechanisms, analysts generally view its leverage as sustainable given the absence of major debt payments until 2028 [2].
Michael Saylor, Strategy’s co-founder and executive chairman, continues to advocate for aggressive Bitcoin buying, reiterating his belief that the asset is a long-term store of value and a hedge against inflation. The company has maintained a self-imposed rule to avoid issuing common stock unless its market cap to net asset value ratio exceeds 2.5x—currently at 1.5x—ensuring that equity is preserved for value creation [2].
As Bitcoin continues to trade above $120,000, Strategy’s position remains a key driver of its valuation and strategic positioning. The company’s bold and unconventional approach has now become a blueprint for corporate Bitcoin adoption in an era of economic uncertainty and monetary policy shifts [2].
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Source:
[1] title1.............................(https://cryptoticker.io/en/strategys-bitcoin-stash-hits-record-dollar76-billion/)
[2] title2.............................(https://cryptoslate.com/strategy-celebrates-5-years-of-bitcoin-success-with-18m-btc-purchase/)
[3] title3.............................(https://www.instagram.com/p/DNNPsRWxnxk/)

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