Strategy Buys 4,020 BTC for $427 Million, Stock Drops 7%

Strategy, the company formerly known as MicroStrategy, has further solidified its position as the largest publicly traded corporate Bitcoin holder by acquiring an additional 4,020 BTC for approximately $427 million in cash. This purchase, which took place between April 26 and June 18, 2025, brings the company's total Bitcoin holdings to 226,331 BTC, acquired at an average price of $36,798 per BTC. The company paid an average price of $105,000 per BTC for the latest acquisition, reflecting the significant investment in the cryptocurrency.

Despite this substantial investment, Strategy's stock, still trading under the ticker MSTR, experienced a 7% decline on the day of the announcement. This drop in stock price could be attributed to several factors. Investors may be concerned about the company's aggressive crypto-centric approach, with over $8 billion tied to a highly volatile asset. Additionally, the stock has seen strong momentum in recent months, and the sell-off could simply reflect traders cashing in on their profits. Broader tech and equity market weakness might also be contributing to the drop, overshadowing the Bitcoin news.

Regardless of the short-term stock fluctuations, Strategy's continued accumulation of Bitcoin sends a strong signal of institutional conviction in the cryptocurrency. At a time when many corporates remain on the sidelines, Strategy is aggressively stacking BTC, even as the market trades just below its all-time high. The company's Bitcoin-first approach could inspire others to reconsider BTC as a treasury reserve asset, especially if the market resumes its upward trend. Strategy's $427 million Bitcoin purchase confirms its unwavering commitment to its BTC thesis, with more than 226,000 BTC now under management. The firm is betting big on long-term adoption, and while Wall Street may be cautious for now, Bitcoin believers are watching this move as a major bullish signal for the months ahead.