Strategy has once again reinforced its place at the top of the corporate Bitcoin leaderboard. A fresh SEC filing shows the company purchased another 525 BTC between September 8 and September 14, spending $60.2 million to bring its total stash to 638,985 BTC.
Good to Know
The disclosure, made through a Form 8-K filing with the Securities and Exchange Commission, confirms that the acquisition was funded through Strategy’s capital markets playbook rather than operational income. The company tapped proceeds from its preferred stock programs:
These three instruments, each designed with different dividend profiles, have become Strategy’s engine for converting capital directly into Bitcoin exposure.
The purchase comes just one week after Strategy spent $217.4 million to secure 1,955 BTC. The back-to-back transactions highlight how quickly the company can transform stock sales into new Bitcoin inflows.
With its latest acquisition, Strategy’s cumulative spend on Bitcoin stands at $47.23 billion, giving it an average entry price of $73,913 per BTC. At today’s prices, the portfolio is valued at roughly $74 billion, putting the firm more than $26 billion in profit on paper.
No other company comes close. Data from BitcoinTreasuries.net shows Marathon Digital as the second-largest public holder with 52,477 BTC — less than one-tenth of Strategy’s total. Others on the leaderboard include:
Together, these nine companies hold around 229,000 BTC combined, which is still less than half of Strategy’s position.