Bitcoin treasury firm Strategy has just revealed a new acquisition involving 22,337 BTC, making it the fifth-largest purchase ever by the company.
The strategy expanded Bitcoin’s treasury with another $1.57 billion purchase
In a new post on This purchase saw 22,337 BTC added to Strategy’s reserves, one of the largest purchases the company has ever made.
The last time the company made a larger purchase was in November 2024, when it added 55,500 BTC in one fell swoop. The same month also saw two other purchases larger than the last purchase, including 51,780 and 27,200 tokens. Finally, there was also a larger acquisition of 29,646 BTC in 2020, meaning the new purchase is the fifth largest on record.
In terms of USD value, the strategic purchase cost is USD 70,194 per token or USD 1.57 billion in total. While it is the fifth largest BTC purchase, it is the ninth largest USD purchase. The difference is due to the company having to spend more on some small batches as a result of the high price of BTCUSD at the time.
As usual, Saylor teased the new purchase in a Sunday X post, this time sharing the company’s Bitcoin wallet tracker with the caption “Stretch the Orange Dots.”
According to a filing with the US Securities and Exchange Commission (SEC), Strategy financed this new acquisition using the proceeds of STRC and MSTR’s at-the-market (ATM) stock offerings. The purchase has now brought the company’s total holdings to 761,068 BTC, equivalent to about 3.8% of the cryptocurrency’s circulating supply.
The strategy has spent a total of $57.61 billion assembling this stack, but with the average cost basis at $75,696, the company’s reserve is currently in the red, although a recent price rebound has reduced the degree of loss held by the company.
In related news, Bitmine, the largest Ethereum treasury company, also announced a new purchase in a press release. Over the past week, the company expanded its Ethereum reserves by 60,999 ETH, which is higher than the recent weekly average of 45,000 to 50,000 tokens. “Bitmine has slightly increased the pace of ETH buying in each of the past two weeks, as our base case is ETH in the final stages of the ‘mini-crypto winter,’” noted Thomas “Tom” Lee, Chairman of Bitmine.
Bitmine now holds 4,595,562 ETH, representing a supply share of 3.81%. The company has set a target of 5% of the cryptocurrency’s total circulating supply, so it will still need some buildup before it gets there.
Bitcoin price
At the time of writing, Bitcoin is trading around $73,400, up approximately 7% in the past seven days.
The price of the coin seems to have gone up over the last few days | Source: BTCUSDT on TradingView
Featured image by Dall-E, chart from TradingView.com
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