- Michael Saylor’s Strategy added 1,229 BTC at the end of December, finishing 2025 with a record bitcoin holding.
- The roughly $108.8 million acquisition was funded through a new share offering, raising concerns about dilution.
- Despite the purchase, Strategy’s stock declined as both bitcoin and MSTR ended 2025 lower.
Michael Saylor’s Strategy, formerly MicroStrategy, closed out 2025 with another decisive bitcoin acquisition. Even as the crypto market and the company’s own shares faced headwinds this year, the move reinforced its long-term commitment to digital assets.
The company disclosed that it purchased 1,229 bitcoins during the final week of December, marking its last acquisition of the year and underscoring the approach that has become a defining feature of the firm.
Strategy has acquired 1,229 BTC for ~$108.8 million at ~$88,568 per bitcoin and has achieved BTC Yield of 23.2% YTD 2025. As of 12/28/2025, we hodl 672,497 $BTC acquired for ~$50.44 billion at ~$74,997 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/UGvjHj5WPg
— Strategy (@Strategy) December 29, 2025
Final Purchase of the Year
Strategy’s latest acquisition occurred between December 22 and 28, when the company spent roughly $108.8 million to add 1,229 bitcoins to its treasury.
The coins were acquired at an average price near $88,568 per bitcoin, reflecting market levels at year-end.
With this purchase, Strategy’s total bitcoin holdings rose to approximately 672,497 BTC.
The company’s cumulative investment now totals tens of billions of dollars, with an estimated average cost basis just under $75,000 per coin.
This scale further cements Strategy’s position as one of the world’s largest corporate holders of bitcoin.
MSTR Share Price Slides Amid Bitcoin Bet
Market reaction to the latest purchase was mixed, and Strategy’s stock fell after the acquisition was disclosed.
Even as the company increased its bitcoin holdings, the stock remained near its annual lows.
While some attribute the decline to a pullback in bitcoin prices, investor concerns about dilution from the new share issuance and the company’s overall 2025 performance also played a role.
Still, some investors view Strategy as a leveraged way to gain exposure to bitcoin, believing that sustained long-term appreciation of the asset could eventually offset short-term pressure on the stock.
Backing Metrics Over Market Sentiment
Strategy continues to highlight internal performance metrics, especially a metric it calls “BTC Yield.”
This measure is intended to show how efficiently the company has grown its bitcoin holdings over time.
Strategy reported a BTC Yield above 20% for 2025, which it interprets as validation that issuing shares to buy bitcoin remains effective.
The company frames the approach as disciplined capital allocation rather than speculative trading.
For Michael Saylor, the year-end purchase fits a consistent narrative: short-term price swings are secondary to building a large, permanent bitcoin treasury. Adding a nine-figure purchase at the close of 2025 reinforces that message.
As the calendar turns to 2026, Strategy enters the new year with its largest bitcoin position to date, though how markets ultimately respond remains uncertain.