Finance

Strategy Inc. Scoops Up 220 BTC: How This Acquisition Bolsters Its Bitcoin Empire

Strategy Inc. bought 220 BTC for $27.2M, raising its holdings to 640,250 BTC.

October 13, 2025, 1:36 PM

Close-up of a physical gold Bitcoin coin resting on top of a folded United States dollar bill.

A physical, gold-colored Bitcoin coin, engraved with circuitry patterns, sits atop a US dollar bill, symbolizing the convergence of digital and fiat currencies. By MDL.

Executive Summary

Strategy Inc. (MSTR) acquired 220 BTC for approximately $27.2 million, funded through its at-the-market (ATM) equity programs.

This acquisition increases Strategy’s total Bitcoin holdings to 640,250 BTC, with a weighted-average purchase price across its entire holding of $74,000 per BTC.

The company continues to utilize its comprehensive financing toolkit, which includes over $46 billion in available capacity, to strengthen its position as a leading “Bitcoin Treasury Company.”

The Story So Far

Strategy Inc. operates as a “Bitcoin Treasury Company,” consistently leveraging a comprehensive range of equity and debt offerings, such as its at-the-market (ATM) equity programs and preferred shares, to fund its ongoing strategy of accumulating significant Bitcoin reserves and providing investors with exposure to the cryptocurrency through its various securities.

Why This Matters

Strategy Inc.’s continued use of diverse equity programs to acquire Bitcoin solidifies its aggressive strategy as a “Bitcoin Treasury Company,” reinforcing its role as a significant institutional accumulator in the crypto market. This approach offers investors indirect exposure to Bitcoin through traditional securities and demonstrates innovative financing methods for companies with substantial digital asset holdings.

Who Thinks What?

Strategy Inc. management believes in consistently leveraging capital markets through equity and debt offerings to accumulate Bitcoin, strengthening its position as a “Bitcoin Treasury Company” and a public vehicle for Bitcoin exposure and value accumulation.

Investors are offered exposure to Bitcoin through Strategy Inc.’s various securities, including preferred stocks, which are facilitated by the company’s ATM programs and recently listed on platforms like Robinhood.

Strategy Inc. (MSTR) has announced its first Bitcoin acquisition in two weeks, purchasing 220 BTC for approximately $27.2 million. The acquisition, funded by $27.3 million raised through its at-the-market (ATM) equity programs, brings the company’s total Bitcoin holdings to 640,250 BTC, according to an October 13 filing.

Funding and Acquisition Details

The proceeds for this latest purchase were generated from the sale of preferred shares conducted between October 6 and October 12. Strategy sold shares across three distinct series: 10.00% Perpetual Strife (STRF), 8.00% Perpetual Strike (STRK), and 10.00% Perpetual Stride (STRD). The average purchase price for the 220 BTC in this transaction was $123,561 per coin, with a $4.2 billion ATM offering on the Variable Rate Perpetual Stretch (STRC) yet to be utilized.

Strategic Holdings and Valuation

With this new acquisition, Strategy’s treasury now holds Bitcoin valued at approximately $47.4 billion. The weighted-average purchase price across its entire holding stands at $74,000 per BTC. The company consistently employs its array of equity and debt offerings to strengthen its position as a leading “Bitcoin Treasury Company.”

Financing Capacity and Market Presence

Strategy’s comprehensive financing toolkit, which encompasses both variable-rate and fixed-rate perpetual preferred equity, retains over $46 billion in available capacity for future issuances. Management has affirmed that these ATM programs facilitate the disciplined accumulation of Bitcoin while offering investors exposure through various securities. In a related development, Robinhood recently listed Strategy’s preferred stocks, commencing with the STRC series.

Ongoing Accumulation Strategy

This latest move by Strategy Inc. underscores its consistent strategy of leveraging capital markets to expand its significant Bitcoin reserves. The company continues to execute its long-term vision of operating as a public vehicle for Bitcoin exposure and value accumulation.