Strategy Acquires 10,100 Bitcoin at $104,080 Each, Boosting Holdings by 19.1%

Strategy, a prominent corporate entity, has disclosed in a Form 8-K filing on June 16, 2025, that it has acquired an additional 10,100 Bitcoin at a cost of approximately $1.05 billion. This purchase was made at an average price of about $104,080 per Bitcoin, significantly increasing the company's total Bitcoin holdings to approximately 592,100 BTC. This move solidifies Strategy's position as one of the largest corporate holders of Bitcoin globally.

Strategy's acquisition strategy is characterized by a "buy and hold" approach, funded through equity and debt financing rather than at-the-market programs. Notably, the company did not sell any stock or Bitcoin in the days surrounding this acquisition, indicating a strong commitment to its investment strategy. The firm has achieved a Bitcoin yield of 19.1% year-to-date in 2025, reflecting its confidence in the long-term value of Bitcoin despite the inherent volatility and risks associated with such a concentrated treasury allocation.

The company acknowledges that the lack of diversification in its asset portfolio increases its exposure to Bitcoin's short-term price fluctuations. The filing explicitly states that the concentration of assets in Bitcoin limits the ability to mitigate risks that could be managed with a more diversified portfolio. Additionally, Strategy notes that this strategy has not been tested over an extended period or under different market conditions, adding an element of uncertainty to its long-term viability.

Financing for these Bitcoin acquisitions is primarily through debt and equity, making the company reliant on favorable financing conditions to continue its accumulation. The 8-K filing also highlights counterparty and custody risks, warning that insolvency of custodians could impede access to stored Bitcoin. This purchase follows a recent 10-for-1 stock split in August 2024, ensuring that per-share metrics in the Form 8-K reflect adjusted, post-split figures.

With Bitcoin prices hovering around $104,000, Strategy's entry into the market is notable for its size and continued commitment amidst a volatile macroeconomic environment. Michael Saylor, the executive chairman of Strategy, recently met with top Pakistani officials to explore how cryptocurrency could reshape the country's financial future. The discussions, described as a "landmark discussion," involved Finance Minister Muhammad Aurangzeb and Minister of State for Crypto and Blockchain Bilal Bin Saqib. The agenda focused on the potential use of Bitcoin in sovereign reserves and monetary policy, aligning with Pakistan's aspirations to become a digital asset leader in the Global South.

Pakistan aims to set a benchmark for innovation, regulation, and inclusive growth in the digital economy. Aurangzeb, who also chairs the Pakistan Crypto Council, emphasized the country's ambition to lead the Global South in the development and adoption of digital assets. This strategic move by Strategy and the discussions with Pakistani officials underscore the growing global interest in Bitcoin and its potential to transform financial systems.