Strategy’s Bitcoin journey hits 5 years with new $18M buy

by shayaan

Strategy, the world’s largest corporate holder of Bitcoin, has expanded its treasury with the purchase of 155 BTC for $18 million.

The acquisition, announced on Aug. 11, came at an average price of $116,401 per coin, marking a 25% year-to-date yield on the company’s Bitcoin position in 2025.

Notably, this is Strategy’s second-smallest purchase of the year, following its March buy of 130 BTC.

According to the filing, the firm funded the August acquisition through at-the-market sales of 115,169 Strife (STRF) stock shares. The company still has over $47.7 billion worth of shares authorized for issuance, providing ample capacity for future Bitcoin buys.

Following this purchase, Strategy holds 628,946 BTC, acquired at $46.09 billion, averaging $73,288 per coin.

With Bitcoin currently trading around $120,230, the stash is valued at approximately $75.6 billion, reflecting a 63.5% gain and nearly $29 billion above the cost basis.

Strategy marks 5 years of Bitcoin purchases

This acquisition coincides with the fifth anniversary of Strategy’s Bitcoin journey.

On Aug. 11, 2020, the company, then known as MicroStrategy, bought its first 21,454 BTC for $250 million at an average price of $11,652.84.

Since adopting Bitcoin as its primary treasury reserve asset, Strategy has raised $46 billion through BTC-backed equity and credit offerings. The move has delivered a 100% annual return rate, outperforming every S&P 500 stock during the same period.

Strategy's Stock Performance Since Bitcoin Adoption
Strategy’s Stock Performance Since Bitcoin Adoption in 2020 (Source: Strategy)

During this period, the Michael Saylor-led firm’s market capitalization has surged from $1.2 billion to $118 billion in just five years.

Meanwhile, the company’s approach has inspired similar strategies worldwide, including Japan’s Metaplanet.

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Speaking on Strategy’s important role in the industry, Simon Gerovich, Metaplanet CEO, praised Saylor and MicroStrategy for the lasting positive impact on corporate Bitcoin adoption worldwide.

He added:

“[They] acted with courage and conviction when it was far from easy. Today many follow the same path, but back then it took belief in the vision and the will to lead. Together with Strategy, we have inspired a wave of Bitcoin treasury companies, proving Bitcoin can transform a balance sheet and positively impact millions.”

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