- Strategy (formerly MicroStrategy) now holds 528,185 BTC, representing over 2.6% of Bitcoin‘s circulating supply.
- The company’s bitcoin holdings are valued at $44 billion, with unrealized profits of $8.4 billion at an average purchase price of $67,458.
- Despite carrying $8.2 billion in debt, Strategy shares trade at a 73% premium to the bitcoin backing them.
Strategy, the company formerly known as MicroStrategy, has expanded its Bitcoin holdings to 528,185 BTC, representing more than 2.6% of Bitcoin’s circulating supply, according to a recent announcement from CEO Michael Saylor. This massive position, combined with Saylor’s personal holdings of 17,000 BTC, accounts for over 2.7% of Bitcoin’s $1.6 trillion market capitalization.
The company’s aggressive accumulation strategy has transformed it into a highly leveraged speculator on Bitcoin’s price movement. Currently, Strategy carries $8.2 billion in U.S. dollar-denominated debt while also managing dividend obligations to preferred shareholders of its STRK and STRF series.
What makes Strategy‘s business model particularly unusual is the premium at which its shares trade relative to its underlying Bitcoin assets. As of publication, the company’s common MSTR shares trade at a 73% premium to the Bitcoin backing those shares. This peculiar market dynamic has enabled the company to implement what it calls a “bitcoin yield” strategy.
By leveraging convertible debt, preferred share issuances, and at-the-market sales of MSTR stock, the company has been able to acquire more Bitcoin while capitalizing on this premium. Year-to-date in 2025, these practices have resulted in a bitcoin yield metric of 11% for MSTR shareholders, though these methods are dilutive to existing shareholders.
Strategy‘s Bitcoin acquisition strategy shows an average purchase price of $67,458 across its entire holdings. The company has spent $35.6 billion to build a position now valued at approximately $44 billion, representing unrealized profits of $8.4 billion.
In a remarkable development, the company now controls approximately half as much Bitcoin as Satoshi Nakamoto, Bitcoin’s pseudonymous creator, who is estimated to hold around 1.1 million BTC.
Michael Saylor, who established MicroStrategy in 1989, has made the unusual pledge to “donate” his personal Bitcoin wealth back to all Bitcoin owners upon his death. In what he frames as a giving pledge, Saylor has indicated he plans to burn the private keys to his personal holdings of over 17,000 Bitcoin, effectively removing them permanently from circulation.
This accumulation strategy has positioned Strategy as not only a corporate Bitcoin treasury but essentially a publicly-traded leveraged Bitcoin fund with significant influence over a meaningful portion of the cryptocurrency’s circulating supply.
Script async src=”//platform.twitter.com/widgets.js” charset=”utf-8″>
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Japanese Hotel Firm Issues $13.3M Bond to Purchase More Bitcoin
- NFT Marketplace X2Y2 Shutters After 3 Years, Pivots to AI Project
- UAE to Roll Out Digital Dirham CBDC in Q4, Aims to Enhance Financial Stability
- South Korean Court Jails Three Men in $416K Crypto Investment Fraud
- F2Pool Co-Founder Chun Wang to Circle Earth Poles in SpaceX Mission
