Strategy’s latest SEC filing reveals a $60.2 million purchase of 525 BTC, adding to a colossal hoard that now stands just shy of 639,000 BTC and cementing its unparalleled position in the market as the largest corporate holder of the original crypto.
Summary
- Strategy bought 525 BTC for $60.2 million, lifting holdings to 638,985 BTC.
- The purchase was funded through sales of perpetual preferred stock.
According to a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday, the Tysons Corner, Virginia-based company acquired the Bitcoin (BTC) between September 8 and September 14, paying an average of $114,562 per BTC.
Strategy said the purchase was not funded by operational earnings but rather by the execution of its capital markets strategy, specifically utilizing net proceeds from the sale of three distinct classes of its perpetual preferred stock.
The capital markets engine fueling a Bitcoin juggernaut
Per the filing, the three classes of shares Strategy sold to fund its latest Bitcoin acquisition include its Series A Perpetual Strife Preferred Stock (STRF), Series A Perpetual Strike Preferred Stock (STRK), and Series A Perpetual Stride Preferred Stock (STRD).
These securities, each with different dividend profiles and risk structures, have become the backbone of Strategy’s capital markets playbook as it pushes deeper into Bitcoin exposure. Just last week, the company tapped the same programs to buy 1,955 BTC for $217.4 million, underscoring how quickly the company can convert capital raises into on-chain accumulation.
With the latest transaction, Strategy now holds 638,985 BTC, acquired at a cumulative cost of $47.23 billion, or $73,913 per BTC. At current market prices, the stash is valued at roughly $73.4 billion, leaving the firm with more than $26 billion in paper gains and cementing its role as the undisputed corporate heavyweight in the digital asset.
That scale is unmatched. According to BitcoinTreasuries.net, the next largest holder among public companies is Marathon Digital, with 52,477 BTC. Other names in the top ten include Tether-backed Twenty One with 43,514 BTC, Bitcoin Standard Treasury Company with 30,021 BTC, and exchange operator Bullish with 24,000 BTC.
Metaplanet, Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase round out the group, each holding between 11,000 and 20,000 BTC. Together, the nine companies outside Strategy account for about 229,000 BTC, barely a third of Strategy’s position.
