When corporate BTC coffers expand by 2025, the strategy will buy $109M in Bitcoin
Strategy announced its latest Bitcoin purchase of 2025, after a year of accelerated accumulation of 1,229 BTC as the company announced more purchases than in the previous two years.
According to the Form 8-K filed on Monday, the coins were purchased Dec. 22-28 for a total purchase price of $108.8 million, which was through sales of shares in the market.
The purchase brings the strategy's total bitcoin holdings to 672,497 BTC (BTC) at an average purchase price of US$74,997 per coin, according to the filing.
It also ranks among the company's smaller acquisitions this year. According to data from SaylorTracker.com, the strategy's biggest Bitcoin purchases in 2025 were on March 31, when it bought about 22,049 BTC for about $1.92 billion, followed by about 21,021 BTC on July 29 and 20,356 BTC for $2.46 billion on July 29 and 20,356 BTC for $9.9 billion.
The data of SaylorTracker also shows that the strategy disclosed Bitcoin purchases in 41 separate weeks in 2025, 18 purchases in 2024 and 8 in 2023. The company ended 2024 with 447,470 Bitcoin, according to its regulatory documents.
The strategy, led by co-founder and executive chairman Michael Saylor, began accumulating bitcoin in 2020 and is the company's largest shareholder by a wide margin. MARA Holdings ranks second among public Bitcoin treasury companies, with 53,250 BTC on its balance sheet, according to data from BitcoinTreasuries.NET.
Strategy has been funding Bitcoin purchases on the market by tapping both common and preferred stock programs to raise capital. From Dec. 22 to Dec. 28, the company sold 663,450 shares of Class A common stock for net proceeds of $108.8 million.
The latest purchase brings the strategy's year-to-date BTC yield to 23.2%, a metric the company uses to measure how much its Bitcoin holdings have grown relative to stocks.
Related: Bitcoin Market Fundamentals ‘Couldn't Be Better' Says Strategy CEO
Public Companies Holding Bitcoin Will Proliferate By 2025
Publicly traded companies hold more than 1.08 million bitcoins in 192 public companies, most of which are based in the United States, followed by Canada, the United Kingdom, and Japan.
Corporate holders also have the largest share of Bitcoin-related entities by number, surpassing governments, private companies and DeFi protocols.
A Bitcoin treasury company is a company that uses Bitcoin as a primary balance by raising capital through equity or debt to acquire and hold BTC.
Following the steps of the strategy, Twenty One Capital launched its Bitcoin Treasury strategy in April and now holds over 43,500 BTC. The company is backed by Cantor Fitzgerald, Tether, SoftBank and Bitfinex and added approximately 5,800 BTC from Tether in July.
Several other companies have announced either public or Bitcoin treasury strategies for 2025, including Bullish, which went public in August with approximately 24,300 BTC, followed by Bitcoin Standard Treasury Company with 30,021 BTC, Trumpet Media and Technology Group with 11,542 BTC, and GD Culture Group with about 7.5 BTC.
Magazine: The Big Questions: Will Bitcoin Survive a 10-Year Blackout?
