Strategy (formerly MicroStrategy) has expanded its Bitcoin portfolio by purchasing 7,633 BTC for $742.4 million. This latest acquisition brings their total holdings to 478,740 BTC, reinforcing their position as the largest corporate Bitcoin holder.
Strategic Accumulation Continues
The company bought Bitcoin at an average price of $97,255 per coin. This purchase has adjusted their overall average acquisition cost to $65,033 per BTC. Executive Chairman Michael Saylor announced the purchase through his X (formerly Twitter) account.
Strategy resumed its Bitcoin purchases after a brief pause during their earnings week. The company’s aggressive accumulation strategy shows strong conviction in Bitcoin’s long-term value proposition.
Market Impact and Analysis
This substantial purchase demonstrates institutional confidence in Bitcoin, especially notable given the current price levels above $95,000. Strategy’s continued accumulation could influence other corporate treasuries considering Bitcoin adoption.
The timing of this purchase is significant, coming after Bitcoin’s recent all-time highs. It suggests that major institutional players view current price levels as attractive for long-term positioning.
Financial Performance Context
Strategy reported a Q4 net loss of $3.03 per share, compared to a profit of $0.50 per share in the previous year. However, the company’s Bitcoin holdings have appreciated significantly in value, potentially offsetting operational losses.
Investment Implications
Strategy’s latest purchase highlights several key points for investors:
- Institutional appetite for Bitcoin remains strong despite high prices
- Corporate adoption continues to grow
- Long-term holders are still accumulating
- Market liquidity can support large purchases
The company’s accumulation strategy has proven successful, with their Bitcoin holdings showing substantial appreciation from their average purchase price.
Looking ahead, Strategy’s continued Bitcoin purchases could influence market sentiment and potentially encourage other institutional investors to follow suit.
Tags: Bitcoin, Strategy, Institutional Investment, Cryptocurrency, Corporate Treasury
Source: https://www.coindesk.com/markets/2025/02/10/strategy-resumes-bitcoin-purchases-takes-holdings-to-478-740-btc