Strategy bitcoin buys 22,337 BTC in $1.57B deal

In its latest bold treasury maneuver, the company has confirmed a new Strategy bitcoin acquisition that cements its role as the most aggressive corporate buyer in the market.

Strategy executes fifth-largest BTC purchase in its history

Bitcoin treasury specialist Strategy has disclosed a major new accumulation of 22,337 BTC, ranking as the firm’s fifth-largest buy on record. Co-founder and chairman Michael Saylor revealed the transaction in a post on X, underscoring the company’s continued commitment to large-scale crypto reserves.

According to Saylor, the latest purchase adds 22,337 BTC to the firm’s holdings, reinforcing its status as a leading corporate holder of the asset. However, when compared with previous deals, this transaction still trails several outsized buys executed in earlier cycles.

The last time Strategy made a larger acquisition was in November 2024, when it bought 55,500 BTC in a single move. That month also featured two other purchases that surpassed the latest haul, involving 51,780 BTC and 27,200 BTC. Moreover, there was another major acquisition of 29,646 BTC back in 2020, placing the new deal as only the fifth largest in the firm’s history.

Dollar cost, pricing and historical ranking of the deal

In dollar terms, the new purchase cost Strategy $70,194 per token, for a total of $1.57 billion. While it ranks as the fifth-largest buy by BTC volume, it is only the ninth-largest when measured in U.S. dollars. That said, this gap reflects earlier deals executed at higher BTC–USD exchange rates, which forced the company to spend more on smaller stacks.

As has become tradition, Saylor hinted at the imminent move before the disclosure. On Sunday, he posted a screenshot of the firm’s Bitcoin portfolio tracker on X, with the caption “Stretch the Orange Dots”, signaling to followers that another large-scale buy was underway.

Funding structure and updated BTC treasury position

According to a filing with the U.S. Securities and Exchange Commission (SEC), Strategy financed the purchase using proceeds from its STRC and MSTR at-the-market (ATM) stock offerings. Moreover, this mechanism has become a core component of the firm’s capital-raising model for crypto accumulation.

Following the transaction, Strategy’s total holdings now stand at 761,068 BTC, equivalent to about 3.8% of Bitcoin’s circulating supply. This makes the firm one of the largest non-sovereign holders of the asset, and the latest step adds further scale to its already dominant corporate stack.

The company has spent a cumulative $57.61 billion building this position. However, with an average cost basis of $75,696 per BTC, the reserve remains in the red on paper. That said, the recent recovery in the crypto market has narrowed Strategy’s unrealized losses compared with earlier drawdown phases.

In this context, the latest bitcoin treasury purchase underlines the firm’s conviction in its long-term accumulation thesis. The approach remains explicitly long-term and balance-sheet driven, rather than short-term trading oriented.

Bitmine boosts Ethereum reserves with fresh multi-week buying

In parallel to Strategy’s move, the largest Ethereum treasury firm Bitmine has also stepped up its buying activity. Over the past week, Bitmine added 60,999 ETH to its reserves, materially above its recent weekly average of 45,000–50,000 ETH.

Bitmine chairman Thomas “Tom” Lee noted that the firm has “slightly increased the pace of ETH buys in each of the past two weeks.” Moreover, he argued that their base case is that ETH is in the final stages of what he called a “mini-crypto winter,” suggesting expectations of a medium-term recovery.

As a result of the latest accumulation, Bitmine now holds 4,595,562 ETH, giving it a supply share of 3.81%. However, the company has publicly targeted ownership of 5% of Ethereum’s circulating supply, meaning additional sustained purchases will be required before it meets that goal.

Bitcoin market context and recent price action

At the time of writing, Bitcoin is trading around $73,400, up nearly 7% over the last seven days. The coin’s price has moved higher in recent days, providing a more favorable backdrop for large corporate balance sheet allocations.

Against this market environment, the latest Strategy bitcoin deal and Bitmine’s Ethereum expansion together highlight ongoing institutional confidence in major digital assets. In summary, both firms continue to treat leading cryptocurrencies as strategic, long-duration treasury assets despite short-term price volatility.