Strategy expands Bitcoin treasury to 640,418 BTC after $18.8 million purchase

Strategy, the world’s largest corporate holder of Bitcoin, expanded its treasury once again last ￰0￱ to a new US Securities and Exchange Commission filing, the company purchased 168 BTC for $18.8 million at an average price of $112,051 per ￰1￱ 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 ￰2￱ purchase update.) October 20, 2025 Strategy’s average cost basis for this stockpile is estimated around $47 billion, implying roughly over $25 billion in unrealized gains on the bet so ￰3￱ company also reported a 26% Bitcoin yield year-to-date for ￰4￱ mirrors the volatility of BTC The company’s outsized Bitcoin exposure makes MSTR behave like a leveraged Bitcoin ETF in ￰5￱ Bitcoin’s price jumps, MSTR’s assets swell and the stock often rises even ￰6￱ that end,over the past five years MSTR delivered triple-digit annualized returns during crypto bull runs, even outperforming Bitcoin itself at ￰7￱ the other hand, when Bitcoin falters, MSTR shares tumble ￰8￱ recent whiplash was from mid-$300s to mid-$200s within ￰9￱ occurred because Bitcoin’s “boom to bust” swing was amplified in MSTR’s ￰10￱ early October, crypto optimism swept Bitcoin to new highs around $125K–$126K, and MSTR shares surged in ￰11￱ stock jumped about 6% on Oct. 1 alone after a favorable US tax ruling on crypto, climbing from $338 at September’s end to roughly $355 by Oct. 3.

However, the euphoria was ￰12￱ days, Bitcoin suddenly plunged from $126K to under $110K, triggered by a wave of leveraged-position liquidations and gathering macroeconomic storm ￰13￱ US–China trade war fears including reports of steep new tariffs out of Washington and persistent inflation data sent investors fleeing risk assets. Crypto-exposed stocks like MSTR were hit ￰14￱ Oct. 13, Strategy’s stock had sunk back to the low $300s, and it closed at $283.84 on Oct. 16, losing about one-fifth of its value from the month’s ￰15￱ that mid-October slide, MSTR broke below key technical ￰16￱ 50- and 200-day moving averages were hovering around $343–$350 as sentiment turned ￰17￱ seen where it ￰18￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.