The latest buy, disclosed in a filing with the U.S. Securities and Exchange Commission on Monday, saw Strategy scoop up 155 BTC at an average price of $116,401 per coin. The acquisition came as Bitcoin traded between $114,000 at the start of the week and nearly $122,000 by Sunday, brushing against all-time highs, according to CoinGecko data.
An excerpt from Strategy’s Form 8-K. Source: SECWith this addition, Strategy’s total Bitcoin stash — accumulated over the course of 74 separate purchases — now carries an average buy-in price of $73,288, representing roughly $46.1 billion in total spend.
From $250M to $46B in Five Years
The timing of the purchase is no coincidence. On August 11, 2020, Strategy — then operating under its former name, MicroStrategy — made headlines by converting $250 million of its cash reserves into 21,454 BTC, buying in at an average of $11,400. That bold move has since paid off spectacularly: Bitcoin’s price has soared nearly 960% over the past five years, turning Strategy’s early conviction into one of the most profitable corporate bets in modern financial history.
Bitcoin price chart since 2020. Source: CoinGeckoDespite the market’s volatility, Saylor has never wavered. The company has consistently added to its Bitcoin stack regardless of price levels, executing buys large and small. In July, for example, Strategy snapped up a massive 21,021 BTC — dwarfing this week’s comparatively modest haul.
“If you don’t stop buying Bitcoin, you won’t stop making money,” Saylor reminded his followers on X this Sunday, doubling down on his long-standing belief in BTC as the ultimate store of value.
One of the Smallest Buys on Record
Still, the latest purchase raised eyebrows among some in the crypto community. Nic Puckrin, founder of Coin Bureau, quipped on X: “Only 155 BTC? Looks like you need to raise more fiat.”
The four smallest Bitcoin purchases by Strategy (both by BTC volume and dollar value). Source: StrategyWhile not the smallest purchase in Strategy’s history, the acquisition comes close. The company’s smallest buy by BTC volume was 130 BTC for $10.7 million in March 2024. In dollar terms, the record low remains a $5 million acquisition of 155 BTC in November 2023.
Regardless of the size, the latest move reinforces Saylor’s pledge to keep accumulating Bitcoin for decades to come — a vow he reiterated in late 2024 when he boldly predicted BTC could reach $21 million in value within the next 21 years. Whether that target proves realistic or not, one thing is clear: Strategy isn’t done buying.