Bitcoin treasury firm Strategy has revealed a blockbuster buy: 22,337 BTC added to its coffers, marking the company’s fifth-largest single purchase ever.
In an X post, Strategy co-founder and chairman Michael Saylor shared the details of the acquisition. The buy totaled roughly $1.57 billion, at an average price of $70,194 per coin. Although it ranks fifth by BTC volume, it falls to ninth-largest when measured in U.S. dollars — a discrepancy driven by higher BTCUSD rates on some of Strategy’s earlier, smaller buys.
Context on prior buys:
- The company’s last larger purchase was 55,500 BTC in November 2024.
- That same month included two other buys of 51,780 and 27,200 BTC.
- A 29,646 BTC purchase in 2020 is also larger than the new addition.
Funding and portfolio impact:
- An SEC filing shows the acquisition was financed with proceeds from Strategy’s STRC and MSTR at-the-market (ATM) stock offerings.
- The purchase lifts Strategy’s total holdings to 761,068 BTC — about 3.8% of Bitcoin’s circulating supply.
- Strategy has spent roughly $57.61 billion assembling its position. With an average cost basis of $75,696 per BTC, the reserve remains underwater, though recent price gains have trimmed unrealized losses.
Saylor followed tradition by teasing the buy in a Sunday X post, sharing the company’s Bitcoin portfolio tracker with the caption “Stretch the Orange Dots.”
Ethereum treasury update
- Separately, the largest Ethereum treasury firm, Bitmine, announced it added 60,999 ETH over the past week — above its recent weekly range of 45,000–50,000 ETH.
- Bitmine now holds 4,595,562 ETH, about 3.81% of ETH’s circulating supply, and has a target of owning 5% of the total supply. Bitmine Chairman Thomas “Tom” Lee said the firm sees ETH “in the final stages of the ‘mini-crypto winter,’” and has modestly increased buy cadence as a result.
Market snapshot
- At the time of reporting, Bitcoin was trading near $73,400, up almost 7% over the past seven days.
Takeaway: Large treasury firms continue to accumulate both BTC and ETH, using equity-based funding strategies, reinforcing a pattern of institutional accumulation even as average cost bases keep some reserves temporarily underwater.
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