Strategy Buys 3,459 BTC for $285.8M, Holds 2.5% of Total Supply

Strategy, formerly known as MicroStrategy, has continued its aggressive Bitcoin acquisition strategy, purchasing an additional 3,459 BTC for $285.8 million. The Virginia-based company made these purchases between April 7 and April 13, 2025, at an average price of $82,618 per Bitcoin, as disclosed in an SEC filing. This latest acquisition brings Strategy’s total Bitcoin holdings to 531,644 BTC, valued at approximately $45 billion at current prices. With this purchase, Strategy now holds more than 2.5% of Bitcoin’s total 21 million supply, solidifying its position as the largest corporate holder of the cryptocurrency.

The funds for this acquisition were generated from the sale of Strategy’s class A common stock. The company sold 959,712 shares of MSTR for approximately $285.7 million last week. As of April 13, 2025, Strategy still has $2.08 billion worth of MSTR shares available for issuance and sale. This strategic move underscores the company’s commitment to increasing its Bitcoin holdings, despite market uncertainties.

Bitcoin’s price has shown resilience, currently trading around $85,024, with a 1% increase over the past day and a 5.4% gain over the past week. This stability comes despite ongoing concerns about the potential impact of the Trump-induced trade war, particularly with China, on global markets. Analysts remain optimistic about Bitcoin’s future, with Jamie Coutts predicting that an increase in the money supply could push Bitcoin beyond $132,000 by the end of 2025. Cardano founder Charles Hoskinson has set an even higher target, suggesting Bitcoin could reach $250,000 before 2026.

Strategy’s aggressive Bitcoin acquisition strategy has inspired other companies to follow suit. Japanese investment firm Metaplanet, often referred to as “Asia’s MicroStrategy,” purchased 319 Bitcoin on Monday for $26.3 million, bringing its total holdings to 4,525 BTC. Metaplanet aims to increase its Bitcoin holdings by 470%, targeting a total of 10,000 BTC by year-end. Other recent corporate adopters include Semler Scientific and GameStop, which have also begun adding Bitcoin to their treasury reserves. According to Bitwise data, public companies’ Bitcoin holdings increased by 16.11% quarter-over-quarter, now totaling 694,453 BTC or 3.3% of the total supply.

This uptick in corporate adoption follows the SEC’s decision to drop the SAB 121 accounting rule, which previously made crypto custody financially unattractive for US firms. Under the previous rule, banks offering crypto custody services had to record both a liability and a corresponding asset for crypto held on behalf of customers, valued at fair market price. The removal of this rule has made it easier for US companies to hold digital assets, encouraging more firms to invest in Bitcoin.

Strategy’s focus has shifted from software development to becoming a Bitcoin treasury firm, issuing billions in debt to fund its acquisitions. Despite its aggressive strategy, Strategy disclosed nearly $6 billion in unrealized losses for Q1 2025 after spending about $7.66 billion to acquire 80,715 BTC at an average price of around $94,922. Q1 2025 saw Bitcoin’s worst quarterly performance since 2018, dropping nearly 12%. However, analysts at research firm Bernstein predict that Strategy’s Bitcoin holdings could double to over 1 million BTC by the end of 2033, given the company’s current trajectory and manageable debt levels.

Strategy’s latest Bitcoin acquisition comes at a time of heightened market uncertainty, with investors navigating concerns about US trade tariffs and their potential impact on global markets. However, recent announcements that smartphones and computers would be exempt from sweeping levies on Chinese goods have helped tech stocks recover, providing a more stable environment for Bitcoin investments. Strategy’s continued investment in Bitcoin underscores the company’s long-term belief in the cryptocurrency’s value and potential, despite short-term market fluctuations.