TL;DR
- Strategy finalized its last Bitcoin purchase for 2025, acquiring 1,229 BTC at an average price of $88,568.
- The company was the largest corporate BTC buyer of the year, adding an average of 641 BTC daily.
- Despite issuing new MSTR shares and facing dilution, Strategy’s Bitcoin holdings are valued above $58B, surpassing the market capitalization of its common stock and reinforcing long-term confidence in BTC.
Strategy closed the year with a final BTC purchase of 1,229 coins, funded through the issuance of 663,450 new MSTR shares. This follows two weeks of substantial BTC accumulation and two major MSTR stock sales that secured over $2.1B in US dollar reserves. Executive Chairman Michael Saylor pre-announced the acquisition, referencing a return to “orange dots”. With an average price of $88,568 per BTC, the company’s overall 2025 average purchase price remains just below $75,000 per coin.
Strategy has acquired 1,229 BTC for ~$108.8 million at ~$88,568 per bitcoin and has achieved BTC Yield of 23.2% YTD 2025. As of 12/28/2025, we hodl 672,497 $BTC acquired for ~$50.44 billion at ~$74,997 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/5VvOgBYwhk
— Michael Saylor (@saylor) December 29, 2025
Strategy Completes Final Bitcoin Acquisition
The purchase underscores Strategy’s approach of using equity issuance to expand its Bitcoin treasury. Even though MSTR shares trade near 12-month lows around $158, the BTC reserves continue to exceed $58B in value, reflecting a continued long-term commitment to Bitcoin. Analysts note that corporate treasury diversification with BTC has grown steadily in 2025, as multiple firms explore similar strategies alongside mining operations and alternative crypto investments.
Corporate Bitcoin Buying Remains Strong
Strategy led corporate Bitcoin acquisitions throughout 2025, averaging 641 BTC daily. Other companies also grew their treasuries, with the smallest corporate BTC holdings reaching 148 BTC by year-end. In total, companies accumulated over 1,089,345 BTC using a combination of stock sales, debt, and mining activities.
Smaller companies are increasingly entering the top 100 of corporate BTC holders, though the entry threshold rose from 23 BTC at the start of the year. Strategy’s playbook of issuing common stock to acquire Bitcoin remains in place, while preferred share sales have slowed. Market observers highlight that corporate adoption is becoming more strategic, with long-term holding plans and coordinated purchases smoothing volatility. The company balances obligations including dividends and maturing debt while maintaining consistent BTC purchases.
Market Impact And Outlook
Although Bitcoin trades above $88,000, MSTR shares have not reached a premium, reflecting dilution concerns. Strategy’s approach positions it for long-term BTC growth, capable of weathering market fluctuations. The company’s disciplined accumulation keeps it at the forefront of corporate BTC adoption, concluding 2025 with a strengthened treasury and a clear plan for expansion into 2026.
