Strategy Expands Treasury to 632K BTC After $357M Bitcoin Purchase

Strategy Inc. disclosed Monday that it scooped up another 3,081 BTC last week, spending about $356.9 million at an average price of roughly $115,829 per coin. This purchase brought its corporate Bitcoin treasury to 632,457 BTC with an aggregate cost basis near $46.50 billion (about $73,527 per BTC). The purchases were reported in a Form 8-K filed with the SEC and in updates the company published to its dashboard.

The buy comes amid a short-lived pullback in Bitcoin after a summer rally: CoinMarketCap’s historical snapshot shows Bitcoin trading in the $112k range today, putting the company’s latest average purchase price modestly above spot during that period.

Strategy also highlighted a key internal metric: a BTC Yield of 25.4% year-to-date (YTD) for 2025, a KPI the firm uses to measure Bitcoin returns relative to diluted shares outstanding. The company and its communications channels have been flagging improving BTC yield numbers as a core performance indicator this year.

Market Reaction and Context

News of the incremental purchase was widely reported across crypto and financial outlets and appears to have had a muted, mixed market response. Bitcoin itself slipped modestly on the same trading days. Several market observers noted that the company continues to fund buys via at-the-market (ATM) offerings of common and preferred shares; the 8-K lays out recent ATM share issuance and proceeds that funded part of the latest purchases.

Institutional views on where Bitcoin goes from here remain varied. Some Bitcoin price predictions are bullish, projecting that the bull run could outlast historical cycles and extend into 2026–2027, citing increased ETF flows, regulatory clarity, and institutional adoption. Others warn that macro factors (interest rates, liquidity) and stretched sentiment could cap gains. In short: supportive tailwinds remain, but downside risks persist.

At 632,457 BTC, Strategy remains one of the largest public corporate holders of Bitcoin; the company’s balance-sheet approach turns its treasury into a de facto macro bet on digital gold. The SEC filing and company dashboard make the position transparent.

Purchases have been executed across weeks and paid for in part through ATM offerings of shares and preferred stock, a capital-markets route that has allowed the company to keep buying without large cash outlays. That financing method creates its own market dynamics for the firm’s equity.

Technical trackers around this filing were signalling near-term weakness: short-term momentum indicators showed downward pressure with support clusters in the low $110k area and resistance in the $116k–$118k band. Traders pointed to a sequence of small sell-offs that pulled Bitcoin down from its recent highs and allowed institutional buyers like Strategy to add size.

Analysts caution that technicals can flip quickly in this environment, so the next few trading sessions will be closely watched for whether $110k holds as support. Strategy’s latest $357 million buy is another reminder that large public corporations continue to treat Bitcoin as an anchor treasury asset.