Strategy has revealed its most recent Bitcoin acquisition for 2025, purchasing 1,229 BTC following a year of significant accumulation, during which the company reported more purchases than in the prior two years combined.
As detailed in a Form 8-K filed on Monday, the coins were acquired between December 22 and 28 at a total cost of $108.8 million, financed through at-the-market stock sales.
This purchase elevates Strategy’s total Bitcoin holdings to 672,497 BTC (BTC) at an average acquisition cost of $74,997 per coin, as indicated in the filing.
Notably, this transaction is among the company’s smaller acquisitions in 2025. As per data from SaylorTracker.com, Strategy’s most substantial Bitcoin purchase this year occurred on March 31, when it acquired approximately 22,049 BTC for around $1.92 billion, followed by purchases of about 21,021 BTC for $2.46 billion on July 29 and 20,356 BTC for $1.99 billion on February 24.
SaylorTracker data also indicates that Strategy reported Bitcoin purchases in 41 different weeks throughout 2025, an increase from 18 purchases in 2024 and eight in 2023. The company concluded 2024 with 447,470 Bitcoin, based on its regulatory filings.
Under the leadership of co-founder and executive chairman Michael Saylor, Strategy began its Bitcoin accumulation in 2020 and is currently the largest corporate holder by a significant margin. MARA Holdings is second among public Bitcoin treasury firms, with 53,250 BTC on its balance sheet, according to data from BitcoinTreasuries.NET.
Strategy has financed its Bitcoin acquisitions through at-the-market stock offerings, using both common and preferred share programs to collect capital. From December 22 to December 28, the company sold 663,450 shares of its Class A common stock, yielding $108.8 million in net proceeds.
The latest purchase boosts Strategy’s year-to-date BTC yield to 23.2%, a metric the company employs to assess how much its Bitcoin holdings have escalated in relation to outstanding shares.
Related: Bitcoin market fundamentals ‘couldn’t be better,’ states Strategy CEO
Growth of Public Companies Holding Bitcoin in 2025
Currently, publicly traded companies collectively hold over 1.08 million Bitcoin among 192 public entities, primarily based in the United States, followed by Canada, the United Kingdom, and Japan.
Corporate holders also represent the largest percentage of Bitcoin-holding entities by number, surpassing governments, private firms, and DeFi protocols.
A Bitcoin treasury company refers to an organization that utilizes Bitcoin as a primary asset on its balance sheet, raising capital through equity or debt to acquire and retain BTC.
Following in Strategy’s footsteps, Twenty One Capital initiated its Bitcoin treasury strategy in April and now holds over 43,500 BTC. The firm is supported by Cantor Fitzgerald, Tether, SoftBank, and Bitfinex, and acquired approximately 5,800 BTC from Tether in July.
Additionally, several other firms either became public or introduced Bitcoin treasury strategies in 2025, including Bullish, which went public in August and possesses around 24,300 BTC, Bitcoin Standard Treasury Company with approximately 30,021 BTC, Trump Media & Technology Group with about 11,542 BTC, and GD Culture Group with roughly 7,500 BTC.
Magazine: Key questions: Can Bitcoin endure a 10-year power outage?
