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Strategy (formerly MicroStrategy) has strengthened its position as the world’s largest Bitcoin treasury, purchasing 390 BTC for about $43.4 million between Oct. 20 and Oct. 26, according to a recent SEC filing. The firm paid an average of $111,117 per Bitcoin, bringing its total holdings to 640,808 BTC, valued at roughly $74 billion.
This massive stash represents over 3% of Bitcoin’s total supply, giving Strategy about $26.6 billion in paper gains at current prices. The company financed the latest acquisitions through at-the-market sales of its various perpetual preferred stock programs — STRK, STRF, STRD, and STRC — as part of its expanded “42/42” Bitcoin accumulation plan, targeting $84 billion in capital by 2027.
Data from Bitcoin Treasuries shows that 190 public companies now hold Bitcoin on their balance sheets. Following Strategy, the top holders include MARA, Twenty One, Metaplanet, Adam Back’s firm, and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company.
