The world's largest corporate Bitcoin holder, Strategy (formerly MicroStrategy), disclosed in a Form 8-K filing that it purchased 15,355 BTC between April 21 and April 27, 2025, at an average price of $92,737 per bitcoin. The acquisition was funded through proceeds from the company's at-the-market (ATM) stock offerings, which raised $1.44 billion via the sale of common and preferred shares.
Strategy's Bitcoin Holdings Overview
As of the latest update, Strategy's total Bitcoin holdings are worth more than $52 billion at current prices, with an average purchase price of $68,459 per Bitcoin. The company has accumulated approximately 2.64% of Bitcoin's maximum supply of 21 million coins. During the reporting period, Strategy sold 4,020,000 shares of common stock and 435,069 shares of its 8.00% Series A perpetual strike preferred stock.
Market Context: Institutional Inflows and Macro Tailwinds
The latest purchase comes as Bitcoin trades above $95,000, supported by strong institutional inflows into spot Bitcoin ETFs and improving macro conditions. Positive catalysts include President Trump's signals on reducing Chinese import tariffs and new SEC Chairman Paul Atkins' pro-crypto stance. Bitcoin was trading at $95,304 at press time, up 1.59% over the past 24 hours.
Funding Plans and Outlook
According to the filing, Strategy has nearly exhausted its $21 billion common stock ATM program launched in October 2024, with only $128.7 million remaining available for issuance. The STRK preferred share program, established in March 2025, still has $20.92 billion available. The company's continued Bitcoin purchases reflect growing institutional confidence in the asset class. Strategy maintains its position as the largest public holder of Bitcoin, with holdings representing a significant portion of total circulating supply.