Michael Saylor’s Strategy has added another 390 Bitcoin (BTC) to its corporate treasury, reaffirming its position as the largest public holder of Bitcoin. The latest purchase, worth $43 million, comes as Bitcoin’s price surged past $115,000, extending its three-day winning streak.
According to the firm’s press release, the Bitcoin was purchased at an average price of $114,562 per coin, pushing Strategy’s total holdings to 640,808 BTC, now valued at $47.44 billion. The company’s cumulative average purchase price stands at $74,032 per BTC, with a year-to-date yield of 26%.
Saylor, a long-time Bitcoin advocate, hinted at the acquisition on X (formerly Twitter), posting “It’s Orange Dot Day,” a signature phrase signaling new Bitcoin buys.
- Latest Purchase: 390 BTC for $43 million
- Total Holdings: 640,808 BTC ($47.44B)
- Average Purchase Price: $74,032 per BTC
- YTD BTC Yield: 26%
This marks Strategy’s third consecutive weekly buy, following an earlier acquisition of 168 BTC worth $18.8 million between October 20–26.
Strategy Raises Capital Without Selling Shares
Unlike prior purchases, the latest Bitcoin acquisition did not involve selling MSTR shares. Instead, Strategy raised funds by selling alternative share classes—STRF, STRK, and STRD—which generated approximately $44.7 million in liquidity, according to the firm’s SEC filing.
This funding approach demonstrates the firm’s strategic flexibility in continuing to accumulate Bitcoin while preserving equity value for its shareholders.
Meanwhile, Strategy’s stock (MSTR) rose 2%, trading near $289, reflecting investor confidence in the company’s Bitcoin-driven business model. The move aligns with Saylor’s long-term vision of leveraging capital markets to enhance exposure to Bitcoin, which he frequently describes as “digital property.”
Market Eyes FOMC and Global Trade Developments
Strategy’s latest purchase coincides with a crucial week for global markets. The upcoming Federal Open Market Committee (FOMC) meeting on October 28–29 could reshape risk sentiment if the Federal Reserve confirms additional rate cuts before year-end.
At the same time, investors are watching the U.S.–China trade discussions, with Presidents Donald Trump and Xi Jinping scheduled to meet on October 30. The talks follow a preliminary trade framework reached in Malaysia, fueling optimism for easing tariff tensions.
Adding to the mix, major U.S. tech firms—collectively representing nearly 25% of the S&P 500’s market cap—are due to release earnings this week, which could either reinforce or temper the current risk-on momentum driving Bitcoin’s rally.