Key Insights
- •Strategy acquired 390 BTC for $43.4 million, aligning with market expectations for both MSTR stock and BTC price.
- •MSTR stock price jumped approximately 3%, while the Bitcoin price saw a 5% recovery.
- •Strategy holds nearly $26.50 billion in unrealized gains.
- •The Bitcoin price jump to $115K has supported the MSTR stock price rebound.
Michael Saylor’s Strategy Boosts Bitcoin Holdings to 640,808 BTC
The largest corporate Bitcoin treasury, Strategy, announced on Monday that it has acquired an additional 390 BTC for $43.4 million. Executive chairman Michael Saylor revealed that the company's total Bitcoin holdings now amount to 640,808 BTC following this latest purchase.
As a result of the acquisition and a broader market recovery, the MSTR stock price climbed more than 3%, and the Bitcoin price recovered by over 5% to trade above $115K. This market movement followed lower-than-expected US CPI inflation data.
According to a press release, Strategy purchased 390 BTC at $111,053 per coin between October 20 and October 26. These Bitcoin purchases were funded by proceeds from the company's at-the-market (ATM) offerings of STRF, STRK, and STRD shares.
Michael Saylor commented on the latest Bitcoin purchase, valued at $43.4 million, noting that the BTC buying amount has slowed this month. The company has achieved a BTC Yield of 26% year-to-date in 2025.
With this latest Bitcoin acquisition, Strategy's total Bitcoin holdings have increased to 640,808 BTC. These were acquired at a total cost of $47.44 billion, averaging $74,032 per coin.
In the preceding week, Michael Saylor’s Strategy had acquired 168 BTC for $18.82 million, with an average purchase price of $112,051 per coin.
Strategy currently holds nearly $26.50 billion in unrealized gains. While this figure has seen fluctuations as Bitcoin's price has fallen, the company's holdings are valued at $73.82 billion against a total investment of $47.44 billion.
MSTR Stock Jumps More Than 3%
At the time of reporting, MSTR stock experienced a rise of more than 3% in pre-market trading, reaching $296.30. This indicates a renewed interest from investors despite ongoing market uncertainties.
On Friday, MSTR stock closed 1.25% higher at $289.08. The stock had previously erased a significant portion of its gains following the crypto market downturn earlier in the month, currently showing a year-to-date return of nearly 4% for 2025.
Michael Saylor’s Strategy has also faced challenges, including the S&P 500 Committee's decision not to include it in the index. Additionally, JPMorgan had previously raised concerns about Strategy and other crypto treasury companies, even as the firm held $808 million in MSTR shares, as reported by The Coin Republic.
Despite these factors, analysts maintain a positive outlook on MSTR stock's performance in the coming months. TD Cowen has reiterated its ‘buy’ rating with a price target of $640, and Mark Palmer from Benchmark has maintained a price target of $705.
Bitcoin Price Holds Near $115K
The BTC USD price has erased earlier gains within the past 24 hours, trading at $114,976 at the time of this report. The 24-hour trading range was between a low of $113,015 and a high of $116,273.
Furthermore, trading volume has significantly increased by 91% in the last 24 hours, signaling substantial interest from traders.
Data from CoinGlass indicates selling pressure in the derivatives market. Currently, the total BTC futures open interest has risen by 1% to $75.73 billion in the last 24 hours.
BTC futures open interest on CME saw an increase of over 1.50%, while on Binance, it fell by 1.30%. This suggests a mixed sentiment among derivatives traders, with some whales, including James Wynn, reportedly opening short positions.
With institutional investment continuing to support Bitcoin's long-term narrative, it will be compelling to observe the cryptocurrency's trajectory as the year-end approaches.