Strategy, formerly known as MicroStrategy, purchased 525 BTC for around $60.2 million between September 8 and 14, according to a new SEC filing. The average purchase price was $114,562 per bitcoin. With this move, the company now owns 638,985 BTC — equal to more than 3% of Bitcoin’s total supply. The holdings were bought for about $47.2 billion in total, giving Strategy roughly $26 billion in unrealized profit at current prices. The acquisition was funded through the sale of the firm’s various perpetual preferred stock programs, which together form part of its larger “42/42” capital plan. Co-founder Michael Saylor teased the move ahead of time, saying simply: “Bitcoin deserves credit.”Last week, Strategy disclosed a separate buy of 1,955 BTC for $217 million. Despite recent market volatility, the company continues to expand its bitcoin treasury, even after being excluded from the S&P 500 — a decision some analysts described as showing “bias against bitcoin.” Across the market, more than 170 public companies now follow some form of bitcoin treasury strategy. Still, Strategy remains the largest by far, with its balance sheet structured to weather deep bear markets if needed. With this move, the company now owns 638,985 BTC — equal to more than 3% of Bitcoin’s total supply. The holdings were bought for about $47.2 billion in total, giving Strategy roughly $26 billion in unrealized profit at current prices. The acquisition was funded through the sale of the firm’s various perpetual preferred stock programs, which together form part of its larger “42/42” capital plan. Co-founder Michael Saylor teased the move ahead of time, saying simply: “Bitcoin deserves credit.”Last week, Strategy disclosed a separate buy of 1,955 BTC for $217 million. Despite recent market volatility, the company continues to expand its bitcoin treasury, even after being excluded from the S&P 500 — a decision some analysts described as showing “bias against bitcoin.” Across the market, more than 170 public companies now follow some form of bitcoin treasury strategy. Still, Strategy remains the largest by far, with its balance sheet structured to weather deep bear markets if needed. The acquisition was funded through the sale of the firm’s various perpetual preferred stock programs, which together form part of its larger “42/42” capital plan. Co-founder Michael Saylor teased the move ahead of time, saying simply: “Bitcoin deserves credit.”Last week, Strategy disclosed a separate buy of 1,955 BTC for $217 million. Despite recent market volatility, the company continues to expand its bitcoin treasury, even after being excluded from the S&P 500 — a decision some analysts described as showing “bias against bitcoin.” Across the market, more than 170 public companies now follow some form of bitcoin treasury strategy. Still, Strategy remains the largest by far, with its balance sheet structured to weather deep bear markets if needed. Last week, Strategy disclosed a separate buy of 1,955 BTC for $217 million. Despite recent market volatility, the company continues to expand its bitcoin treasury, even after being excluded from the S&P 500 — a decision some analysts described as showing “bias against bitcoin.” Across the market, more than 170 public companies now follow some form of bitcoin treasury strategy. Still, Strategy remains the largest by far, with its balance sheet structured to weather deep bear markets if needed. Across the market, more than 170 public companies now follow some form of bitcoin treasury strategy. Still, Strategy remains the largest by far, with its balance sheet structured to weather deep bear markets if needed.