Michael Saylor’s Strategy Buys 390 BTC, Boosting Treasury to 640K BTC

Strategy , the business intelligence firm led by Bitcoin advocate Michael Saylor, has once again expanded its Bitcoin ￰1￱ to a filing released on October 27, the company acquired an additional 390 BTC between October 20 and October 26, spending $43.4 million at an average price of $111,117 per ￰2￱ has acquired 390 BTC for ~$43.4 million at ~$111,053 per bitcoin and has achieved BTC Yield of 26.0% YTD ￰3￱ of 10/26/2025, we hodl 640,808 $BTC acquired for ~$47.44 billion at ~$74,032 per bitcoin. $MSTR $STRC $STRK $STRF $STRD ￰0￱ — Michael Saylor (@saylor) October 27, 2025 This latest purchase brings Strategy’s total holdings to 640,808 BTC, acquired at an aggregate purchase price of $47.44 ￰4￱ company’s average purchase price now stands at $74,032 per Bitcoin, inclusive of fees and ￰5￱ Use of ATM Programs The filing revealed that the latest Bitcoin purchases were funded through proceeds from several of Strategy’s At-The-Market (ATM) equity programs.

Specifically, the company issued preferred shares under its STRF, STRK, and STRDATM programs, raising a combined total of $43.4 million during the same ￰6￱ has leaned heavily on its ATM offerings to generate capital for Bitcoin acquisitions without taking on additional ￰7￱ programs collectively provide the company access to more than $46 billion in potential issuance capacity, giving it flexibility to continue adding Bitcoin as market conditions ￰8￱ approach aligns with Saylor’s long-term thesis: using equity capital to accumulate Bitcoin as a superior store of ￰9￱ issuing stock instead of borrowing, Strategy minimizes balance-sheet risk while deepening its exposure to the world’s largest digital asset.

Saylor’s Conviction in Bitcoin Remains Unshaken Despite market volatility, Michael Saylor’s conviction in Bitcoin remains ￰10￱ billionaire founder and executive chairman has repeatedly described Bitcoin as “digital property” and “the ultimate treasury reserve asset.” Strategy’s consistent accumulation strategy has made it the largest corporate holder of Bitcoin globally, far surpassing entities such as Tesla and Marathon ￰11￱ firm’s holdings now represent more than 3% of Bitcoin’s total circulating supply, further cementing its position as a proxy for institutional Bitcoin exposure on Wall Street. Bitcoin-as-a-Service Vision Beyond holding Bitcoin, Strategy continues to advance its vision of “Bitcoin-as-a-Service”, providing software, analytics, and capital markets infrastructure to other institutions exploring digital ￰12￱ combining traditional capital-raising mechanisms with blockchain-native investment principles, Saylor’s company has built a hybrid model that bridges corporate finance and decentralized value ￰13￱ Bitcoin’s next halving cycle approaches in 2026, Strategy’s latest purchase reinforces its long-term belief: that Bitcoin will outlast inflation, outperform traditional assets, and remain the cornerstone of a new global financial ￰14￱ 640,808 BTC now in reserve, Strategy shows no signs of slowing — only ￰15￱ Saylor Escapes Multi-Billion Tax Bomb Strategy has also recently announced it no longer expects to face a multi-billion tax liability tied to unrealized crypto gains after new guidance from the IRS and ￰16￱ 71-page up date says companies don’t have to include unrealized Bitcoin gains or losses in the 15% Corporate Alternative Minimum Tax (CAMT) ￰17￱ saves Strategy from billions in potential payments and eases fears that long-term Bitcoin treasuries would be penalized for appreciation.