Strategy (NASDAQ: MSTR), recognized as the largest corporate Bitcoin holder globally, once again expanded its treasury last week by acquiring 168 BTC for $18.8 million at an average cost of $112,051 per coin, as reported in a recent U.S. Securities and Exchange Commission filing.
Following this acquisition, Strategy’s holdings now total 640,418 BTC, obtained at an overall investment of around $47.40 billion, equating to an average purchase price of $74,010 per Bitcoin.
The firm has also reported a year-to-date bitcoin yield of 26% for 2025, highlighting the robustness of its BTC-denominated balance sheet amid increasing institutional interest.
Over the past few years, Strategy has evolved from a business intelligence company into the leading corporate Bitcoin holder in the world.
CEO Michael Saylor has advocated for Bitcoin as an exceptional treasury reserve asset, suggesting it provides a safeguard against inflation and currency devaluation, and has funded acquisitions through equity offerings and convertible debt.
Bitcoin price rebounds as Strategy remains steady
Today, Bitcoin’s price has rebounded to approximately $111,000 after dropping to the $104,000 range last week, as renewed corporate purchasing and optimism regarding the potential end of the U.S. government shutdown improved market sentiment.
Bitcoin’s corporate treasuries and mining firms have emerged as significant players this cycle, with companies such as MicroStrategy and MetaPlanet promoting institutional adoption. Together, these treasuries hold over 1 million BTC, representing more than 5% of Bitcoin’s circulating supply.
Despite this accumulation, some corporate equities have started to lag behind Bitcoin’s performance.
MicroStrategy’s stock, in particular, has declined compared to BTC, narrowing its Net Asset Value premium to parity, according to data from Bitcoin Magazine Pro.
The Bitcoin Fear & Greed Index now indicates a state of “fear” in the market, reflecting a cautious sentiment as traders retreat from risk and liquidity decreases. Such scenarios typically correspond with oversold markets and have historically preceded local bottoms—although exact timing remains unpredictable amid ongoing volatility.
Just two weeks ago, when Bitcoin traded above $124,000, the index indicated a reading of 70, or “greed,” highlighting the significant shift in market sentiment.
Meanwhile, gold has surged to record highs at $4,328 per ounce, showcasing its strong performance against Bitcoin this year.
In other news, OranjeBTC announced its acquisition of 10 BTC for approximately $1.09 million at an average price of $108,786 per Bitcoin, raising its total holdings to 3,701 BTC valued at about $390 million. The firm’s bitcoin yield is reported at 1.7% year-to-date.
Recently, the Brazilian firm went public on B3, São Paulo’s primary exchange, becoming Latin America’s largest corporate Bitcoin holder.
This company adopts a model similar to Strategy’s, raising funds through convertible debt to acquire Bitcoin. Earlier this year, it secured a $210 million investment from Itaú BBA, Brazil’s largest bank, alongside notable backers like the Winklevoss twins, Ricardo Salinas, FalconX, Adam Back, and U.S. firms Off the Chain Capital and ParaFi Capital.
