-
Strategy acquired 220 BTC, bringing its total holdings to 640,250 BTC.
-
Bitcoin rebounded above $115,000 after a record $19 billion in cryptocurrency liquidations.
-
Ethereum and XRP recovered as the cryptocurrency market cap surpassed $4 trillion.
According to a press release on Monday, Strategy (formerly MicroStrategy) purchased an additional 220 BTC between October 6 and October 12 for approximately $27,200,000, at an average price of $123,561 per coin.
This acquisition increased Strategy’s total bitcoin holdings to 640,250 BTC, which at current market prices is worth roughly $73 billion.
The company’s average acquisition cost across its entire bitcoin position is about $74,000 per coin, representing a total investment of approximately $4.74 billion including fees and expenses.
The new purchase represents more than 3% of the 21,000,000 total bitcoin supply; at today’s prices, the unrealized gain on that portion would be roughly $2.56 billion.
Strategy temporarily paused its weekly purchases last Monday, as it routinely does at the end of each quarter, keeping the reported total at 640,031 BTC.
BTC Treasury Companies Continue Momentum
Data from Bitcoin Treasuries shows 188 publicly listed companies have adopted some form of bitcoin purchase strategy.
Beyond Strategy, the top corporate holders include MARA with 52,850 BTC; Twenty One (backed by Tether) with 43,514 BTC; Metaplanet with 30,823 BTC; the Bitcoin Standard Hashrate Fund supported by Adam Back and Cantor Fitzgerald with 30,021 BTC; Bullish with 24,300 BTC; Riot Platforms with 19,287 BTC; Trump Media and Technology Group with 15,000 BTC; CleanSpark with 13,011 BTC; and Coinbase with 11,776 BTC.
For the quarter ending September 30, Strategy reported $389 million in unrealized gains on its digital assets and related deferred tax expenses of $112 million.
As of the same date, the company’s digital asset carrying value totaled $7.321 billion, with related deferred tax liabilities of $743 million.
Before the latest purchase, Michael Saylor hinted at further acquisitions in a post on Strategy’s bitcoin purchase tracker, adding an optimistic note: “Don’t stop ₿elievin’.”
Crypto Market Rebound
Bitcoin maintained an upward trend on Monday, trading near $115,000 as the market recovered from last week’s sell-off.
Ethereum climbed back above $4,100, while XRP traded around $2.60.
CoinGecko data shows the total cryptocurrency market capitalization rose from $3.78 trillion to the $4 trillion mark.
Last Friday saw a record $19 billion in single-day liquidations across all cryptocurrencies, with altcoins suffering the most losses.
Part of the volatility was driven by comments from U.S. President Donald Trump regarding potential additional tariffs on China and other export controls, which briefly pressured stocks and crypto markets.
Bitcoin fell to about $102,000 before rebounding over the weekend.
Despite ongoing macroeconomic uncertainty, the recent price recoveries in bitcoin, ethereum, and XRP have provided relief to traders who incurred leveraged losses, reflecting a cautiously optimistic sentiment in the crypto market.