Strategy Ranks Among Top Five U.S. Corporate Treasuries With $80B in Bitcoin Holdings

Strategy Inc. (NASDAQ: MSTR) continues to cement its position as one of the largest institutional holders of Bitcoin, ranking fifth among ￰0￱ treasuries with approximately $80 billion in digital assets, according to company data and recent regulatory ￰1￱ in on the #2 spot among all ￰2￱ ￰3￱ — Strategy (@Strategy) October 7, 2025 A chart published by the firm compares Strategy’s Bitcoin holdings to the cash reserves of leading corporations including Berkshire Hathaway, Amazon, Google, and ￰4￱ those four companies hold larger total treasuries, with Strategy’s $80 billion Bitcoin position outpacing the cash and short-term investments of major players such as NVIDIA, Apple, Meta, and ￰5￱ Holdings and Valuation According to the company’s latest Form 8-K filing with the ￰6￱ and Exchange Commission, Strategy’s aggregate Bitcoin holdings stood at 640,031 BTC as of October 5, with a total fair value of $47.35 ￰7￱ firm did not purchase additional Bitcoin during the reporting period from September 29 to October 5, maintaining its average purchase price of $73,983 per ￰8￱ company’s balance-sheet carrying value for digital assets totaled $73.21 billion as of September 30, while fair-value appreciation for the third quarter reached $3.9 billion, marking one of the company’s largest unrealized quarterly gains to ￰9￱ appreciation reflects Bitcoin’s sustained rally through Q3 ￰10￱ also recorded a $1.12 billion deferred tax expense, highlighting the accounting implications of its Bitcoin-centric balance ￰11￱ and Preferred Stock Programs The filing further detailed updates to Strategy’s extensive at-the-market (ATM) equity programs, which collectively represent about $63.9 billion in potential capital ￰12￱ include: • $2.1 billion of 10% Series A Perpetual Strife Preferred Stock (STRF) • $4.2 billion of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) • $21 billion of 8% Series A Perpetual Strike Preferred Stock (STRK) • $4.2 billion of 10% Series A Perpetual Stride Preferred Stock (STRD) • $21 billion of Class A common stock (MSTR) The company reported no new share issuances during the period, noting that any proceeds from potential future sales would be presented net of ￰13￱ Position and Oversight As of the end of Q3 2025, Strategy’s digital-asset carrying value remained $73.21 billion, with a corresponding deferred-tax liability of $7.43 ￰14￱ figures reaffirm Strategy’s unwavering commitment to Bitcoin as its core corporate reserve ￰15￱ financial disclosures were internally prepared and reviewed by KPMG LLP, the company’s independent registered public accounting ￰16￱ Bitcoin’s market value continuing to climb, Strategy’s holdings now place it firmly among the top five ￰17￱ by total treasury size — a rare achievement for a firm whose reserves consist primarily of digital assets.