Strategy Inc. Acquires 4,048 BTC for $449.3 Million, Further Cementing Its Position as Largest Corporate Holder of Bitcoin

Strategy Inc. MSTR has acquired 4,048 Bitcoin (BTC) for approximately $449.3 million, raising its total Bitcoin holdings to 636,505 BTC. The acquisition was funded through proceeds from preferred and common stock sales. Strategy's Bitcoin yield is 25.7% year-to-date, and it has become the largest corporate holder of Bitcoin globally. Other corporate and institutional holders, such as Metaplanet, Tesla, Coinbase, and CleanSpark, also expand their Bitcoin reserves.

Strategy Inc. (NASDAQ: MSTR) has made a significant move in its Bitcoin acquisition strategy by purchasing 4,048 Bitcoin (BTC) for approximately $449.3 million. This latest acquisition raises the company's total Bitcoin holdings to 636,505 BTC, making it the largest corporate holder of Bitcoin globally [1].

The purchase, made between August 26 and September 1, was funded through the proceeds of preferred and common stock sales. Strategy Inc. sold 220,000 shares of preferred stock and over 1.2 million shares of common stock, raising $471.8 million in net proceeds [1].

This acquisition is part of Strategy Inc.'s broader treasury strategy, which aims to diversify its asset portfolio and leverage Bitcoin's potential as a store of value. The company has achieved a Bitcoin yield of 25.7% year-to-date, underscoring the success of its strategy [1].

Strategy Inc.'s Bitcoin holdings represent approximately 3% of the total Bitcoin supply, highlighting its dominance in corporate holdings. Other corporate and institutional holders are also expanding their Bitcoin reserves. For instance, Metaplanet Inc. (OTC: MTPLF) approved an $884 million capital raise and disclosed the purchase of 1,009 BTC, bringing its holdings to 20,000 BTC [1].

The growing confidence in holding digital assets on corporate balance sheets is evident despite regulatory questions and price swings. This trend is not limited to Bitcoin but extends to other cryptocurrencies as well. SharpLink Gaming, for example, announced an increase in its Ethereum (ETH) holdings, acquiring 39,008 ETH at an average price of ~$4,531 [2].

The healthcare services firm KindlyMD also announced an equity offering of up to $5 billion to further its Bitcoin treasury strategy after merging with Nakamoto Holdings, a Bitcoin-native holding company [2]. This move underscores the increasing adoption of Bitcoin as a strategic asset by various sectors.

However, the sustainability of these crypto treasury strategies remains a topic of debate. While early adopters like Strategy Inc. have established their dominance, newer treasury firms face steeper challenges. Experts warn that when stocks trade significantly above their Bitcoin net asset value (NAV), issuing new equity generates premiums, but once stock prices approach parity with the value of Bitcoin holdings, dilution occurs [3].

Japanese companies are also becoming significant players in Bitcoin accumulation. Convano, a Japanese nail salon operator, plans to become one of the world's largest corporate Bitcoin holders by acquiring 21,000 BTC over the next two years [3]. The company frames its Bitcoin acquisition strategy as a response to macroeconomic challenges, such as the prolonged decline in the yen.

Despite the risks, companies like Convano welcome Bitcoin price drops as they allow for the acquisition of more Bitcoin and increase revenue due to higher volatility [3].

In conclusion, Strategy Inc.'s latest Bitcoin acquisition is a significant step in its treasury strategy, demonstrating the growing confidence in corporate Bitcoin holdings. However, the sustainability of these strategies remains a subject of ongoing debate and analysis.

References:
[1] https://finance.yahoo.com/news/strategy-just-bought-another-4-140000135.html
[2] https://dailyhodl.com/2025/09/02/crypto-treasury-companies-dig-in-as-strategy-acquires-449300000-in-bitcoin-and-sharplink-ups-ethereum-holdings/
[3] https://www.tradingview.com/news/cryptonews:6b23b6f60094b:0-japanese-nail-salon-announces-3-billion-bitcoin-acquisition-strategy/