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Strategy Expands Bitcoin Holdings to 640,418 BTC With Latest Purchase

The company financed the acquisition by raising $18.8 million through the issuance of various perpetual preferred shares and common stock

Updated Oct 20, 2025, 1:55 p.m. Published Oct 20, 2025, 12:15 p.m.
Executive Chairman of Strategy Michael Saylor
Executive Chairman of Strategy Michael Saylor (Gage Skidmore/CC BY-SA 2.0/Modified by CoinDesk)

What to know:

  • Strategy purchased purchased 168 BTC at an average price of $112,051, bringing total holdings to 640,418 BTC.
  • MSTR shares rise 3% in pre-market trading, trading just below $300 per share.
  • The stock remains negative on a year-to-date basis, compared to bitcoin's 19% gain.

Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, purchased 168 BTC at an average price of $112,051, according to a filing on Monday.

The company financed the acquisition by raising $18.8 million through the issuance of various perpetual preferred shares and common stock.

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This latest purchase brings MSTR’s total bitcoin holdings to 640,418 BTC ($71 billion), with an overall average acquisition price of around $74,010.

BTC climbed to over $115,000 on Oct. 13 but fell as low as $103,500 on Oct. 17.

Bitcoin’s has seen a recent rebound to $111,000 on Monday, helping MSTR shares to a 3% gain in pre-market trading, just below $300 per share. However, the stock remains negative on a year-to-date basis, compared to bitcoin's 19% gain.

The MSTR/BlackRock iShares Trust (IBIT) ratio currently stands at 4.74, its lowest level since October 2024. This highlights how the IBIT ETF has outperformed MSTR over the past 12 months, as the ratio previously hit an all-time high of 8.0 in November 2024.

MSTR/IBIT Ratio (TradingView)
MSTR/IBIT Ratio (TradingView)
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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