Strategy (NASDAQ: MSTR), the world’s largest corporate holder of bitcoin, expanded its treasury once again last week, purchasing 168 BTC for $18.8 million at an average price of $112,051 per coin, according to a new U.S. Securities and Exchange Commission filing.
Following the purchase, Strategy now holds 640,418 BTC, acquired at a total cost of roughly $47.40 billion, reflecting an average purchase price of $74,010 per bitcoin.
The firm also reported a 26% bitcoin yield year-to-date for 2025, underscoring the strength of its BTC-denominated balance sheet amid renewed institutional interest.
Strategy has transitioned from a business intelligence firm into the world’s largest corporate holder of Bitcoin over the last several years.
CEO Michael Saylor has championed Bitcoin as a superior treasury reserve asset, arguing that it offers a hedge against inflation and currency debasement, and has financed acquisitions through equity offerings and convertible debt.
Bitcoin price rebounds as Strategy stays consistent
Bitcoin price climbed back to around $111,000 today after falling into the $104,000 range last week, as renewed corporate accumulation and optimism over a potential end to the U.S. government shutdown lifted market sentiment.
Bitcoin corporate treasuries and mining firms have become major forces in this cycle, with companies like MicroStrategy and MetaPlanet driving institutional adoption. Collectively, these treasuries held over 1 million BTC, accounting for more than 5% of Bitcoin’s circulating supply.
Despite this accumulation, some corporate equities began lagging behind Bitcoin’s price performance.
MicroStrategy’s stock, in particular, fell relative to BTC, pushing its Net Asset Value premium closer to parity, according to Bitcoin Magazine Pro data.
The Bitcoin Fear & Greed Index now shows the market in a state of “fear,” reflecting cautious sentiment as traders pull back from risk and liquidity thins. Such conditions often align with oversold markets and, historically, have sometimes preceded local bottoms—though the exact timing remains uncertain amid ongoing volatility.
Just two weeks ago, when Bitcoin traded above $124,000, the index registered 70, or “greed,” underscoring the sharp shift in market sentiment.
Meanwhile, gold has climbed to record high areas at $4,328 per ounce, extending its strong outperformance against Bitcoin so far this year.
Elsewhere, OranjeBTC announced they purchased 10 BTC for about $1.09 million at an average price of $108,786 per bitcoin, bringing its total holdings to 3,701 BTC worth roughly $390 million. The firm’s bitcoin yield stands at 1.7% year-to-date.
The Brazilian firm went public recently on B3, São Paulo’s main exchange, becoming Latin America’s largest corporate Bitcoin holder.
The company follows a Strategy-like model, raising capital via convertible debt to acquire Bitcoin. Earlier this year, it secured a $210 million investment from Itaú BBA, Brazil’s largest bank, and drew major backers including the Winklevoss twins, Ricardo Salinas, FalconX, Adam Back, and U.S. funds Off the Chain Capital and ParaFi Capital.