-
Strategy acquires 220 BTC, increasing its holdings to a total of 640,250 BTC.
-
Bitcoin recovers above $115,000 after record crypto liquidations of $19 billion.
-
Ethereum and Ripple rebound as the crypto market cap surpasses $4 trillion.
Bitcoin-focused firm Strategy (formerly MicroStrategy) acquired an additional 220 BTC between October 6 and October 12 for roughly $27.2 million, paying an average price of $123,561 per coin, according to a press release from the company on Monday.
The purchase brings Strategy’s total Bitcoin holdings to 640,250 BTC, valued at about $73 billion at current market prices.
The company’s average acquisition cost for its entire position stands at $74,000 per Bitcoin, resulting in a total investment of approximately $47.4 billion, including fees and expenses.
The holding represents more than 3% of Bitcoin’s 21 million supply, translating to roughly $25.6 billion in paper gains at today’s prices.
Strategy temporarily paused its weekly purchases on Monday — its usual cadence at quarter-end — leaving the total holding at 640,031 BTC.
BTC-focused firms continue to accumulate
Data from Bitcoin Treasuries shows that 188 public companies have adopted some form of Bitcoin acquisition strategy.
The top 10 holdings outside of Strategy include MARA with 52,850 BTC; Twenty One (backed by Tether) with 43,514 BTC; Metaplanet with 30,823 BTC; Bitcoin Standard Treasury Company (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 ended September 30, Strategy reported an unrealized gain of $3.89 billion on its digital assets, along with an associated deferred tax expense of $1.12 billion.
As of the same date, the company’s total carrying value for digital assets was $73.21 billion, with a related deferred tax liability of $7.43 billion.
Ahead of the latest purchase, Michael Saylor hinted at further acquisitions in a post on Strategy’s Bitcoin acquisition tracker, writing: “Don’t stop ₿elievin’.”
Crypto market rebounds
Bitcoin held onto gains on Monday, trading around $115,000 as the market recovered from last week’s sell-off.
Ethereum climbed back above $4,100, while Ripple traded near $2.60.
Total crypto market capitalization rose above $4 trillion from $3.78 trillion, according to CoinGecko.
One-day liquidations across all cryptocurrencies reached a record $19 billion last Friday, with altcoins suffering the largest losses.
Market volatility was partly triggered by comments from U.S. President Donald Trump about additional tariffs on China and other export controls, which briefly pressured stocks and crypto assets.
Bitcoin fell to about $102,000 before recovering over the weekend.
Despite ongoing macroeconomic uncertainty, the recoveries in Bitcoin, Ethereum, and Ripple prices have provided relief for traders hit by recent leveraged losses, signaling cautious optimism across the crypto market.