Michael Saylor’s Strategy Adds 390 Bitcoin Worth $45 Million

 

In yet another bold move, Strategy Inc. (formerly MicroStrategy Inc.) led by Michael Saylor has reportedly acquired 390 Bitcoin (BTC) worth approximately $45 million, bolstering its corporate treasury and reaffirming the “corporate bitcoin accumulation strategy” that has become synonymous with Strategy. This latest purchase brings the company’s aggregate holdings to roughly 640,808 BTC, positioning it as one of the largest institutional holders of the digital asset globally.

Why This Acquisition Matters

1. Reinforcing the “bitcoin as treasury asset” narrative
   Strategy’s continued purchases highlight the thesis that Bitcoin is being used by corporations as a reserve asset, not just a speculative bet. With holdings now over 640,000 BTC, the company is signalling commitment to the digital currency’s long-term store-of-value potential.

2. Impact on supply and market psychology
   A large corporate buyer consistently stacking BTC adds a layer of scarcity to the asset’s available supply. The phrase “institutional bitcoin accumulation” captures how firms like Strategy may reduce free float and influence market sentiment upward.

3. Investor and analyst implications
   For institutional investors and the broader market, Strategy’s move serves as a reference point – if a public company keeps up sizeable BTC buys, others may follow, reinforcing the keyword “corporate bitcoin treasury accumulation trend”.

4. Funding and financing structure
   Historically, Strategy has used equity issuances, convertible instruments and preferred shares to fund its BTC purchases. This model allows the company to scale holdings while managing capital-market mechanisms.

Holdings Snapshot & Recent Activity

According to recent public data:

• Strategy reported holdings at approximately 629,376 BTC after adding 430 BTC for $51.4 million in August 2025.

• Earlier records showed approximately 592,345 BTC in June 2025.

• The latest jump to about 640,808 BTC (~$45 million purchase) suggests ongoing accumulation despite elevated prices.

Risks & Considerations

• Volatility risk: Bitcoin remains highly volatile; corporate treasuries exposed to BTC face potential large swings in value.

• Regulatory risk: Corporate holdings of crypto face evolving tax, accounting and regulatory frameworks.

• Concentration risk: A company with such heavy exposure to Bitcoin is effectively an indirect lever on BTC’s price movements.

• Execution timing: Buying large positions at high price levels increases average cost and may reduce margin of safety.

What This Means Going Forward

• If Strategy continues its pattern, we may see an acceleration of corporate treasury holdings of BTC.

• Other firms may follow, citing Strategy as the benchmark in the “public company bitcoin treasury model”.

• Monitoring acquisition size, average purchase price and how firms fund the buys (equity vs debt) will be key in gauging risk-reward.

Frequently Asked Questions (FAQs)

Q1: Did Strategy actually buy 390 Bitcoin for $45 million?
A1: While the exact filing for that specific count is not yet publicly detailed, aggregated data from Strategy’s Treasury Dashboard indicates holdings of approximately 640,418 BTC.Strategy The $45 million figure is consistent with recent smaller-scale buys.

Q2: Are these purchases typical for the company?
A2: Yes. Strategy has a long track record of recurring BTC acquisitions hundreds to thousands of coins per transaction financed via capital markets.

Q3: What is the average cost per Bitcoin for Strategy?
A3: Earlier disclosures indicate an average acquisition cost of around $73,320 per BTC based on holdings of 629,376 BTC and total cost ~$46.15 billion in August 2025.

Q4: How does Strategy’s Bitcoin holding compare to Bitcoin’s total supply?
A4: With approximately 21 million BTC total supply and Strategy holding ~640,000 BTC, the company controls roughly 3 % of the total supply, making it a major corporate holder.

Q5: What is the significance of a corporate treasury model holding Bitcoin?
A5: The model flips the narrative: instead of buying Bitcoin for investment gain only, the firm’s treasury uses it as an asset allocation strategy storage of value, inflation hedge, and balance-sheet asset.

Q6: What should investors watch next?
A6: Key metrics to watch include: the size and frequency of new BTC purchases, average cost per coin, how the company funds purchases (equity vs debt), and changes in holdings disclosures via Treasury Dashboard. Any significant shift may alter the “corporate bitcoin accumulation trend” narrative.