**Strategy Acquires 390 Bitcoin for $43.4 Million, Expanding Its Bitcoin Treasury**
Between October 20 and October 26, Strategy purchased 390 Bitcoin (BTC) for approximately $43.4 million, paying an average price of $111,117 per Bitcoin. With this latest acquisition, the company’s total Bitcoin holdings have grown to 640,808 BTC, currently valued at around $74 billion.
### Record-Breaking Bitcoin Holdings and Investment
Strategy’s total Bitcoin investment, including fees and expenses, now stands at approximately $47.4 billion. The company acquired its entire Bitcoin treasury at an average price of $74,032 per coin, resulting in an unrealized gain of roughly $26.6 billion based on current market prices.
Notably, Strategy’s Bitcoin holdings represent more than 3% of the total 21 million Bitcoins in circulation, solidifying its position as the largest corporate Bitcoin treasury globally.
### Preferred Stock Sales Fund Bitcoin Purchases
The recent Bitcoin acquisitions were funded through sales of Strategy’s perpetual preferred stock, including STRK, STRF, and STRD shares. During the acquisition period, Strategy sold:
– 191,404 STRK shares generating approximately $17 million,
– 175,634 STRF shares raising $19.4 million,
– 87,462 STRD shares yielding $7 million.
These proceeds were directly applied toward acquiring the additional 390 Bitcoin.
Strategy maintains significant issuance capacity across its preferred stock programs with:
– $20.35 billion remaining in the STRK program,
– $1.67 billion available in the STRF program,
– $4.14 billion capacity left in the STRD program.
No Class A common stock or STRC preferred stock shares were sold during this period. The company also retains $15.91 billion under the MSTR program and $4.2 billion in the STRC program. Each preferred stock offering caters to different investor needs, offering varied dividend structures and risk profiles.
### Continuing the Ambitious “42/42” Capital Raising Plan
Strategy is executing its ambitious “42/42” plan, which targets raising $84 billion through equity offerings and convertible notes by 2027 to fund ongoing Bitcoin acquisitions. This strategy underpins the company’s aggressive approach to building its Bitcoin treasury.
### Corporate Bitcoin Treasury Landscape and Market Performance
Strategy leads a growing group of around 190 public companies actively acquiring Bitcoin. The top corporate Bitcoin holders include:
– Marathon Digital Holdings (MARA) with 53,250 BTC,
– Tether-backed Twenty One with 43,514 BTC,
– Metaplanet controlling 30,823 BTC,
– Bitcoin Standard Treasury Company holding 30,021 BTC.
Together, these five companies dominate the corporate Bitcoin treasury space.
Despite strong Bitcoin price performance, many Bitcoin treasury company stocks have seen significant declines since the summer. Strategy’s stock price has fallen approximately 37% from its earlier highs this year. Currently, the company’s market capitalization-to-net asset value ratio stands at roughly 1.1.
### Financial Resilience and Market Outlook
Executive Chairman Michael Saylor has emphasized that Strategy’s capital structure is designed to endure severe Bitcoin price drops — up to 90%, potentially lasting four to five years. The company achieves this resilience through a balanced mix of equity, convertible debt, and preferred stock instruments. Nonetheless, Saylor acknowledges that shareholders could face substantial losses in such adverse scenarios.
On October 21, Strategy announced an earlier purchase of 168 Bitcoin for about $19 million, increasing holdings to 640,418 BTC before the latest acquisition. Saylor hinted at these ongoing purchases via social media, referring to the events as “orange dot day.”
### Stock and Bitcoin Market Updates
Strategy’s stock closed at $289.08 on Friday, advancing 1.5% for the day. It further rose 4.1% in pre-market trading on Monday following the announcement of the latest Bitcoin acquisition. While MSTR gained 3.5% last week, it remains down 3.7% year-to-date, contrasting with Bitcoin’s 23.4% gain during the same period.
Bitcoin currently trades around $115,379, continuing its strong momentum throughout 2025.
### Maintaining Leadership in Corporate Bitcoin Holdings
Despite market volatility, Strategy remains committed to its aggressive Bitcoin acquisition strategy. As the dominant corporate Bitcoin holder worldwide, the company continues to expand its treasury and execute its long-term capital raising plans.
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*Stay tuned for more updates on Strategy’s Bitcoin treasury and market activity.*
https://coincentral.com/michael-saylors-strategy-adds-390-bitcoin-to-74-billion-treasury/