Strategy Now Holds Over 3% of Total BTC Supply later than Latest $2B Buy

What Did Strategy purchase—and How large Is the Position Now?

Strategy, the software company led by Michael Saylor, has pushed its BTC holdings past 700,000 BTC following a large-scale purchase disclosed this week. The firm bought 22,305 BTC for roughly $2.13 billion, according to a filing with U.S. regulators, marking its most aggressive accumulation in more than a year.

The acquisition was made at an average price of $95,284 per coin. BTC briefly traded above $97,000 during the week of the purchase, reflecting a renewed upswing in the market. later than the latest addition, Strategy now holds 709,715 BTC in total.

The company’s BTC position was built at a cumulative cost of about $53.92 billion, with an average purchase price of $75,979 per BTC. At current supply levels, Strategy controls roughly 3.37% of BTC’s fixed 21 million maximum supply and about 3.55% of the coins currently in circulation.

Investor Takeaway

Why Is This Purchase Notable Compared With Earlier purchases?

The latest acquisition stands out for both its size and timing. It is Strategy’s largest BTC purchase since February 2025, when the company bought 20,356 BTC for about $2 billion. For most of 2025, the firm’s purchaseing activity had sluggished compared with earlier accumulation phases.

Just weeks earlier, on Jan. 12, Strategy disclosed a 13,627 BTC purchase worth around $1.3 billion, which at the time had been its largegest purchase since July. Adding more than 22,000 BTC in a single transaction signals a clear acceleration in pace later than months of more measured activity.

This renewed push coincided with BTC reaching a multi-month high and with a modest rally in Strategy’s own shares. The stock climbed past $185 during the identical week BTC traded above $97,000, reinforcing the tight correlation between the company’s equity price and the crypto asset it holds.

How Does Strategy’s purchaseing Fit the Current Market Cycle?

Strategy’s aggressive accumulation comes later than a period of hesitation around . Following a strong rally in mid-2025, some investors questioned whether the model had become overcrowded, with critics warning that were turning into a speculative trade rather than a disciplined treasury approach.

The firm’s latest move suggests confidence that the pullback in sentiment was temporary. By increasing exposure near recent highs, Strategy is signaling that it views BTC’s current range as a foundation rather than a ceiling. That stance contrasts with companies that paused or trimmed exposure later than the summer rally faded.

The timing also follows a decision by MSCI earlier this year not to exclude digital treasury companies from its market indices. That choice reduced fears that firms with large BTC holdings would be pushed out of benchmark-driven portfolios, a concern that had weighed on sentiment around Strategy and similar companies.

Investor Takeaway

What Are the Risks as Holdings Continue to Grow?

With more than 700,000 BTC on its balance sheet, Strategy’s exposure is now without precedent among public companies. That concentration magnifies both upside and downside. Shareholders are effectively holding a leveraged proxy for BTC’s long-term performance, with less insulation from volatility than traditional operating businesses.

Market observers have also pointed out that not all will endure. In a December update, CoinShares research head James Butterfill said the sector faces a test of which firms can sustain disciplined treasury management and credible business models as conditions normalize.

“The future of DATs lies in returning to fundamentals: disciplined treasury management, credible business models, and realistic expectations about the role of digital assets on corporate balance sheets,” Butterfill wrote at the time.

For Strategy, scale itself may be both strength and vulnerability. Its size offers liquidity, visibility, and influence, but it also leaves little room to adjust without moving markets or reshaping investor perception.

What Comes Next for Strategy’s BTC Strategy?

The latest purchase makes clear that Strategy remains committed to accumulation rather than stabilization. With BTC supply tightening and institutional demand showing signs of recovery, the company appears willing to keep adding during periods of strength, not just during market drawdowns.

Whether this approach continues will depend on market conditions, funding costs, and shareholder tolerance for volatility. For now, Strategy has moved decisively back into purchaseing mode, reinforcing its identity as the most concentrated corporate bet on BTC’s long-term role as a monetary asset.