Strategy Surpasses 700,000 Bitcoin Holdings
Michael Saylor’s latest move has shaken the crypto markets again. According to crypto-focused news outlet CoinDesk, MicroStrategy has amassed a monumental bitcoin stash exceeding 700,000 BTC, as reported on October 12. This development has reinforced its position as the top corporate holder of the cryptocurrency.
According to a filing with the US Securities and Exchange Commission (SEC), Strategy purchased 22,305 Bitcoin last week for approximately $2.13 billion, paying an average price of $95,284 per BTC. Bitcoin temporarily spiked above $97,000, prompting a flurry of buying activity from Strategy. The purchases suggest a readiness to buy at scale, even near local highs.
The Strategy’s holdings of Bitcoin surged to more than 700,000 Bitcoin.
Strategy’s Bitcoin Treasury Breakdown
With the new purchase, the Strategy Bitcoin holdings of Michael Saylor now stand at 709,715 BTC, acquired at a total price of about $53.92 billion. The average buying price by the company is $75,979 per Bitcoin, showing an optimistic long-term outlook for the corporate treasury.
As it stands, Strategy accounts for approximately 3.37% of Bitcoin’s fixed 21 million supply and around 3.55% of BTC currently in circulation, making it one of the largest Bitcoin holders globally.
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Biggest Bitcoin Buy by Strategy in Over a Year
A Sudden Surge in Bitcoin Accumulation
This most recent acquisition is Strategy’s largest purchase of Bitcoin since February 2025, when it bought over 20,000 BTC for a price tag of around $2 billion. It also marks a big increase versus most of 2025, when many digital asset treasury (DAT) organizations slowed the rate at which they were buying.
Just weeks earlier, on Jan. 12, Strategy disclosed another major purchase of 13,627 BTC worth $1.3 billion, which at the time was its biggest buy since mid-2024. The recent acquisitions indicate a renewed commitment to Bitcoin.
Market Response: Bitcoin and MSTR Rise
Strategy’s stock (MSTR) broke back above $185 as the price of Bitcoin (BTC) was pushing to multi-month highs. The relief rally was boosted further by IMSC’s decision not to exclude digital treasury companies from its market indices, allaying fears of forced institutional selling.
MSTR and Bitcoin have risen in unison, which further indicates how reliant Strategy’s equity has become on a perception of Bitcoin as a strategic reserve asset.
Michael Saylor’s Plan and the Functionality of Digital Asset Treasuries
After the summer 2025 rally, which was dismissed as “unsustainable” by skeptics, the aggressive accumulation follows a turbulent period for digital asset treasuries. Even though some DATs were struggling, Strategy was still doubling down.
According to CoinShares head of research James Butterfill, the market is currently in a reassessment phase.
As per Butterfill, the basic principles of treasury management, assurances against poor business conduct, and being realistic about the role of digital assets in corporate balance sheets will shape the future of DATs.
A Momentous Occasion for Corporate Bitcoin Strategy
Michael Saylor’s Strategy is showing that prices have limited influence, while potential upside matters far more. 706,000 BTC is likely a way of showing the upper limits, according to Michael Saylor. The corporation is wagering that Bitcoin will become a mainstay of the corporate balance sheet in the years ahead—and it is doing so with unprecedented scale and conviction.
Whether heretical or visionary, Strategy’s Bitcoin playbook is changing how institutions think about digital assets, supply scarcity, and long-term capital preservation.
