Strategic Surge: Bitcoin Giant Buys 22,305 BTC in Record Purchase

At a Glance

Michael Saylor’s Strategy has surpassed 700,000 BTC in holdings.
Bought 22,305 BTC for $2.13 B last week.
Holdings now total 709,715 BTC, about 3.37 % of total supply.

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, has just added a massive block of the cryptocurrency to its treasury, pushing its total holdings past 700,000 BTC. The purchase, announced through a recent SEC filing, involved 22,305 BTC bought for $2.13 B at an average price of $95,284 per coin. The move marks a sharp acceleration in buying pace and is the company’s largest acquisition since February 2025.

Strategic Accumulation Accelerates

22,305 BTC purchased for $2.13 B.
Average purchase price: $95,284 per BTC.
Bitcoin briefly rose past $97,000 on Wednesday, according to CoinGecko data.
Total holdings now 709,715 BTC, purchased for about $53.92 B at an average price of $75,979 per coin.

Strategy’s latest acquisition dwarfs its previous purchases. In February 2025, the company bought 20,356 BTC for around $2 B, while the January 12 acquisition of 13,627 BTC cost about $1.3 B. The November 2025 purchases are not detailed in the filing but contributed to the overall growth. The new block brings Strategy’s holdings to roughly 3.37 % of the total 21 million BTC supply and 3.55 % of the 19.98 million BTC currently in circulation.

Market Reactions

Strategy shares (MSTR) surged past $185 on Wednesday.
Bitcoin’s multi-month high exceeded $97,000 concurrently.
Morgan Stanley Capital International (MSCI) decided not to exclude digital treasury companies from its market index in early January.

The purchase coincided with a notable uptick in Strategy’s stock price, as shares rose above $185. Bitcoin’s price, already near a multi-month high, briefly surpassed $97,000, creating a favorable backdrop for the acquisition. MSCI’s decision to retain digital treasury companies in its index may have reinforced investor confidence in the sector.

Industry Implications

Strategy’s accelerated buying comes after a period of uncertainty for digital asset treasuries (DATs) following a summer 2025 rally that many described as a bubble. James Butterfill, head of research at CoinShares, said the market is now set to re-evaluate which DATs will survive by genuinely fitting the accumulation model.

> “The future of DATs lies in returning to fundamentals: disciplined treasury management, credible business models, and realistic expectations about the role of digital assets on corporate balance sheets,” said James Butterfill.

Butterfill’s comments highlight the broader industry debate about sustainable treasury strategies. Strategy’s bold purchase signals confidence in Bitcoin’s long-term value and may prompt other corporate treasuries to reassess their positions.

Key Takeaways

Michael Saylor’s Strategy now holds 709,715 BTC, surpassing 700,000 BTC.
The 22,305-BTC purchase was the largest since February 2025 and cost $2.13 B.
The acquisition aligns with a broader market shift, including MSCI’s inclusion of digital treasuries and a surge in Strategy’s share price.
Industry experts emphasize the need for disciplined treasury practices as DATs navigate post-bubble conditions.

The move underscores Strategy’s commitment to Bitcoin as a core treasury asset and may influence the trajectory of corporate digital asset holdings in the coming months.