Strategy Acquires 4,980 Bitcoin Worth $531.9 Million, Joins Russell Top 200 Value Index

Strategy has made a significant move in the cryptocurrency market by acquiring 4,980 new Bitcoin (BTC) for approximately $531.9 million, with an average price of $106,801 per BTC. This purchase brings the company’s total holdings to 597,325 BTC, making it the world’s most aggressive corporate holder of Bitcoin. The company’s Bitcoin treasury is valued at roughly $42.4 billion at an average cost basis of $70,982 per coin, or $64.2 billion at the current price of $107,732 per BTC.

The acquisition coincides with Strategy’s inclusion in the Russell Top 200 Value Index, a benchmark typically dominated by financials, energy giants, and consumer staples. This inclusion marks a significant milestone for Bitcoin’s maturation as an institutional asset, placing a company holding 597,325 BTC alongside blue-chip value stocks like Berkshire Hathaway, JPMorgan Chase, and ExxonMobil. The index’s methodology, which prioritizes low P/E ratios and book value, makes Strategy’s inclusion even more striking. The company’s 19.7% BTC yield in 2025 likely offset concerns about its lack of conventional value metrics, signaling that scarcity itself is becoming a measurable financial primitive.

Strategy’s Bitcoin treasury is worth roughly $42.4 billion at an average cost basis of $70,982 per coin, or $64.2 billion at the current price of $107,732 per BTC. The move extends Strategy’s unbroken streak of aggressive Bitcoin acquisitions since August 2020, reinforcing its thesis that BTC serves as a superior treasury reserve asset. Year-to-date, the company’s Bitcoin holdings have generated a 19.7% yield, outpacing traditional equity benchmarks.

The inclusion in the Russell Top 200 Value Index is a watershed moment for Bitcoin’s maturation as an institutional asset. It places a company holding 597,325 BTC alongside blue-chip value stocks, suggesting that in an era of fiscal uncertainty, Bitcoin’s programmatic scarcity is being priced like a hard asset. The juxtaposition is jarring but telling. While these companies generate cash flows from tangible assets or services, Strategy’s value proposition hinges on a digital asset with no earnings, suggesting that in an era of fiscal uncertainty, Bitcoin’s programmatic scarcity is being priced like a hard asset.

The index’s methodology, which prioritizes low P/E ratios and book value, makes Strategy’s inclusion even more striking. The company’s 19.7% BTC yield in 2025 likely offset concerns about its lack of conventional value metrics, signaling that scarcity itself is becoming a measurable financial primitive. The inclusion is also a litmus test for how Wall Street now views crypto-native treasury models. For years, critics dismissed corporate BTC treasuries as gimmicks. Now, with a 19.7% YTD yield and a seat at the value investing table, the argument is shifting. The question is no longer whether Bitcoin belongs on a balance sheet—but how many will follow Strategy’s lead.