Strategy Buys 430 BTC for $51.4 Million

Strategy has added another 430 BTC to its balance sheet, according to a fresh SEC filing. The company spent $51.4 million at an average price of $119,666 per coin, raising its total holdings to 629,376 BTC, worth more than $72 billion at current market prices.

Funded via stock sales

The latest purchase was financed through Strategy‘s ongoing at-the-market preferred programs. Between August 11 and 17, Strategy raised capital through the sale of:

• 179,687 STRK shares ($19.3M net)
• 162,670 STRF shares ($19.0M net)
• 140,789 STRD shares ($12.1M net)

Together, these sales generated over $50 million; almost exactly covering the size of the BTC buy. The company still has billions in room left under these equity programs for future acquisitions.

The “42/42 Plan” in action

This buy fits into Strategy’s ambitious “42/42 Plan,” which aims to deploy $84 billion from equity and convertible debt offerings into Bitcoin by 2027. The plan is an upgrade from the original “21/21” framework announced in 2023.

Since its first Bitcoin purchase in 2020, the company has spent roughly $46.2 billion at an average cost of $73,320 per coin. Its holdings now carry a paper profit of about $26.2 billion.

Hints from Saylor

Before the disclosure, executive chairman Michael Saylor teased a potential purchase with a short post on X: “Insufficient orange.” Market watchers interpreted this as yet another hint that a BTC buy was incoming.

In Q2 2025, Strategy reported a record $10 billion net income, supported by new U.S. accounting standards that allow Bitcoin’s value to be recognized, giving the company an efficient way to raise capital and rotate it into BTC.

Corporate Bitcoin adoption widens

While Strategy remains the dominant corporate holder with nearly 3% of all Bitcoin in circulation, other players are joining the game. Public miners like Marathon and Riot, political-linked firms such as Trump Media, and Japanese company Metaplanet have all been adding BTC to their balance sheets. For now, however, Strategy remains unmatched in scale, and its latest $51 million purchase is just a small piece of a much larger strategy to cement its status as Bitcoin’s corporate king.