Overview

• An SEC filing shows Strategy acquired 525 BTC between Sept. 8–14 for $60.2 million at an average price of $114,562 per coin.
• Total holdings rose to 638,985 BTC, valued around $73 billion, with an aggregate cost of about $47.23 billion and an average cost basis of $73,913.
• The purchase was funded via sales of Series STRF, STRK, and STRD perpetual preferred shares, with roughly $68.2 million raised and about $8 million left over.
• Strategy’s shares have trailed bitcoin in 2025 and trade near a 1.26x–1.29x premium to the company’s bitcoin net asset value, according to market data cited by outlets.
• Michael Saylor highlighted roughly 91% annualized returns and an open-interest-to-market-cap ratio near 100% versus the Magnificent 7, as reports note corporate treasuries now hold over one million BTC.