Although recently excluded from the S&P 500 index, Strategy demonstrated resolute commitment to its digital asset acquisition strategy by augmenting its Bitcoin holdings by 1,955 BTC on September 8, 2025, thereby elevating its total portfolio to an unprecedented 638,460 BTC valued at over $71 billion, a move underpinned by a sophisticated equity financing program encompassing multiple stock classes and reflecting a broader institutional trend of corporate treasuries capturing a dominant share of newly mined bitcoins amid sustained cryptocurrency market bullishness. This acquisition, representing approximately 62% of all newly mined bitcoins during that week, was transacted at an average price of $111,196 per BTC, notably exceeding the portfolio’s average acquisition cost of $73,880, thereby incrementally raising the overall cost basis while simultaneously reinforcing Strategy’s dominant position as the largest public Bitcoin holder.
In the context of prevailing market volatility, which exhibited a moderate 1.2% 24-hour fluctuation concurrent with the transaction, Strategy’s digital asset strategy evidences a deliberate and calculated approach to capital deployment, leveraging an equity program comprised of common and preferred stock issuances—including MSTR, STRK, and STRF—to secure substantial funding exceeding $19 billion in 2025 alone. This capital raising framework, increasingly reliant on common stock issuance rather than preferred stock options, underscores a strategic preference for flexible financing mechanisms designed to sustain aggressive Bitcoin accumulation without resorting to asset liquidation, despite the inherent price oscillations characterizing cryptocurrency markets. Strategy notably continues to sell stock to raise funds but maintains its Bitcoin holdings without plans to offload them, demonstrating confidence in its long-term position. No asset liquidation Blockchain’s immutable ledgers provide institutional investors with enhanced data integrity and transparency, supporting such strategic asset accumulation decisions.
Moreover, Strategy’s Bitcoin portfolio, which has yielded a 25.8% return since the beginning of 2025 and reflects an unrealized profit margin of approximately 51.8%, exemplifies the broader institutional impetus toward digital asset adoption amid narrowing Bitcoin supply and persistent demand, further accentuated by the company’s conspicuous resilience following its S&P 500 index exclusion. The cumulative effect of these dynamics indicates that Strategy’s digital asset strategy not only withstands episodic market perturbations but also capitalizes on supply-demand imbalances, positioning corporate treasuries as pivotal actors in shaping Bitcoin’s valuation trajectory within an increasingly complex financial ecosystem.
