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Strategy Expands Bitcoin Holdings with $27.2 Million Purchase, Doubling Down on Crypto Focus
- Strategy bought 220 Bitcoin worth US$27.2 million at US$123,561 per coin, bringing total holdings to 640,250 BTC acquired at an average of US$74k each.
- The purchase occurred just before Bitcoin crashed, prompting critics like Peter Schiff to highlight Saylor’s history of buying at peak prices.
- Saylor maintains his conviction, stating he’ll keep “buying the top forever” as he views Bitcoin itself as the exit strategy regardless of short-term price fluctuations.
- While Strategy remains the largest corporate holder with 3% of total supply, US spot Bitcoin ETFs experienced US$326.4 million in net outflows on Monday, though BlackRock’s IBIT continues its tenth consecutive day of accumulation.
Michael Saylor’s Strategy (formerly MicroStrategy) has added 220 Bitcoin worth US$27.2 million (AU$41.98 million) to its treasury. The chairman and founder posted the update on Crypto Twitter. This brings the company’s total holdings to 640,250 BTC, acquired at roughly US$74k (AU$114.2k) per coin.
Interestingly, the purchase was made at US$123,561 (AU$190,737) per BTC, and Bitcoin has since fallen to US$113,376 (AU$175,014) at the time of writing (though it was much lower at some point over the weekend following the crypto crash).
Gold bug Peter Schiff was quick to point out the timing of Strategy’s buys, and it’s true that Saylor has a history of buying the top.
So why didn't you buy any when the price crashed down to $104K? Your average purchase price on the week is nearly 8% above the current market. Also, your average price on your entire position is $74K. That's only a 55% gain. MSTR would be better off had you bought gold instead.
— Peter Schiff (@PeterSchiff) October 13, 2025
Still, other community members have argued that it’s hard to time markets, with one noting that Saylor “doesn’t care about the day-to-day price” and that Bitcoin is “still at cheap levels compared to where it will be in the future”.
Saylor’s conviction for BTC is well documented. He even went so far as to say that he will be “buying the top forever”, because he believes “Bitcoin is the exit strategy”.
Related: Ripple Launches $200K “Attackathon” to Expose Flaws in XRP Ledger Lending Protocol
ETFs Take Profits Off the Table
While Strategy remains the largest public company to hold Bitcoin, with around 3% of Bitcoin’s total 21 million supply, other large holders – such as exchange-traded funds (ETFs) – have mostly been selling, as data shows.
Although BlackRock’s IBIT has continued accumulating for ten straight days, other US spot Bitcoin ETFs have started to offload. Fidelity’s FBTC saw US$93.3 million (AU$144.1 million) in net outflows on Monday, while Bitwise’s BITB topped that with US$115.6 million (AU$178.55 million). Grayscale’s GBTC saw even larger outflows, totalling US$145.4 million (AU$224.6 million).
ARK’s ARKB saw US$21.1 million (AU$32.59 million) in net outflows, and VanEck’s HODL recorded US$11.4 million (AU$17.6 million). In total, US$326.4 million (AU$504.3 million) flowed out of US funds on Monday.
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Despite these outflows, US spot Bitcoin ETFs remain the fastest-growing ETFs in history. Combined, they now hold a larger share of BTC than Saylor’s Strategy, with ETFs globally accounting for about 7.4% of all Bitcoin.
Related: BoE’s Andrew Bailey Pledges Stronger Global Oversight as Stablecoin and Private Finance Risks Grow
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
