Michael Saylor’s Strategy Acquires 390 BTC, Secures 26% YTD Returns
Michael Saylor’s Strategy, the largest public holder of Bitcoin, has further bolstered its BTC treasury with a fresh purchase of 390 coins. This latest acquisition, valued at $43.4 million, brings the company’s total holdings to 640,808 BTC, solidifying its commitment to the digital asset. With a 26% year-to-date return in 2025, the firm’s BTC investment continues to yield impressive results.
As the company navigates the crypto space, its steadfast approach to Bitcoin accumulation has positioned it as a leader in the industry. With its sights set on the future, Strategy’s latest acquisition underscores its confidence in the long-term potential of BTC.
Strategy Buys 390 Bitcoin
In a recent filing with the US Securities and Exchange Commission, Strategy revealed that it has expanded its Bitcoin treasury, acquiring an additional 390 BTC between October 20 and 26 for approximately $43.4 million. This strategic purchase, made at an average price of $111,117, brings the total BTC holdings to an impressive 640,808 coins, valued at around $73.8billion at current prices.
With an average purchase price of $74,032 per BTC, Strategy’s bold Bitcoin bet continues to yield significant returns, boasting a 26% year-to-date return in 2025. In an X post earlier today, the company revealed its crypto purchase and the significant YTD gains.
A Slowdown in Accumulation
However, Strategy’s October Bitcoin buys have been notably subdued, with the company accumulating only 778 BTC- a stark contrast to the 3,526 BTC acquired in September. This represents a significant 78% decline, highlighting a slowdown in accumulation. Compared to the substantial purchases made in July and May- 31,466 and 26,695, respectively- October’s total is particularly modest.
According to CryptoQuant analyst JA Maartun, Strategy’s slowed Bitcoin buying pace can be attributed to challenges in raising capital, as evidenced by a sharp decline in equity issuance premiums from 205% to 4%. Maartun wrote in an X post, “Strategy is no longer buying big- but they’re still buying.”
Despite the recent slowdown, 2025 has been Strategy’s strongest year for Bitcoin investments so far, with $19.53 billion spent on BTC acquisitions. With approximately two months remaining, the company is poised to potentially surpass last year’s record of $21.76 billion in BTC investments.
MSTR Stock Price Surges
Strategy’s latest BTC purchase came on the heels of its stock price plummeting below $280. This plummet represented a multi-month correction from its July peak of around $456.
Following the latest Bitcoin accumulation, the MSTR stock price has seen a notable uptick of 1.5%, reaching $293. However, over the past five days and 30 days, the shares have seen notable declines of 1.11% and 5%, respectively.
ATM Funding
Reportedly, Strategy funded its latest Bitcoin purchases through At-The-Market (ATM) equity programs, issuing preferred shares under STRF, STRK, and STRDATM programs to raise $43.4 million. This approach allows the company to accumulate Bitcoin without taking on debt, leveraging over $46 billion in potential issuance capacity. By issuing stock instead of borrowing, Strategy minimises balance-sheet risk while increasing its BTC exposure.
Bitcoin Price Rebounds
Over the past few days, especially after the October 11 crypto market crash, the BTC price has been facing significant downward pressure. Although the pioneer cryptocurrency plummeted to nearly $100k, it managed to rebound and is currently trading near the pivotal $115k.
Earlier today, BTC traded at $113k, but Michael Saylor’s substantial crypto move has triggered a notable price rally to $116k. As of press time, the coin is valued at $114,993, marking a significant surge of 1.5% in a day. Over the past week and month, BTC has seen a notable surge of 3.5% and 5.5%, respectively.
