Strategy (MSTR), already the world’s largest corporate holder of Bitcoin Despite a 20% price drop, the cryptocurrency is still on track to record its second-largest quarterly accumulation and continues to aggressively expand funds.
Since January, the company has purchased 89,618 BTC, bringing its total holdings to 761,068 BTC. With two Mondays left in the quarter for potential acquisition announcements, that number is likely to grow even further.
The only time Strategy bought more Bitcoin was in Q4 2024, when it added 194,180 Bitcoin. Last November alone accounted for three of the company’s five largest purchases, with Strategy buying 27,200 BTC, 51,780 BTC, and 55,500 BTC in quick succession as the price of Bitcoin soared from $70,000 to $100,000 as President Donald Trump won the election for a second time.
In contrast, Bitcoin prices have plummeted over the past three months to levels more than 40% below October’s all-time high of $126,000. Strategy’s common stock fell 15%.
Part of the recent purchase was funded by sales of the company’s perpetual priority product, Stretch (STRC), which has seen sales of up to 15,000 BTC in the past two weeks. However, as the STRC price failed to reach the $100 face value this week, the company is temporarily unable to take advantage of the program.
The accumulation of strategies depends on more than just price. It is driven by capital availability.
