Bitcoin Boost: $217M Strategy Play After S&P Omission

Strategy Inc., helmed by Michael Saylor, revealed on Monday that it has added 1,955 Bitcoins to its portfolio, spending $217.4 million. The average purchase price was $111,196 per Bitcoin. This acquisition comes shortly after the company was not selected for inclusion in the S&P 500 index.

The Virginia-based firm, previously known as MicroStrategy, now boasts a substantial holding of 638,460 Bitcoins. With an approximate value of $71.5 billion at current market rates, the company remains the largest public corporate Bitcoin holder globally.

This purchase occurred mere days after Strategy was passed over for inclusion in the S&P 500, despite posting impressive results for Q2. Robinhood was selected instead, experiencing a 7% surge in its stock value, while Strategy’s stock dipped nearly 3% in after-hours trading on Friday.

QCP Capital highlighted in their recent analysis that Bitcoin’s capacity to sustain values above $110,000, even “despite Strategy’s exclusion from the S&P500,” signifies a notable level of “resilience.”

Currently, Bitcoin is trading around the $112,000 mark, reflecting a 0.9% increase over the last 24 hours, according to data from CoinGecko.

Strategy’s most recent Bitcoin acquisition has yielded a “BTC Yield of 25.8% YTD 2025” for its investors, as indicated in their Form 8-K filing.

The company financed Monday’s purchase via its existing at-the-market offering programs. This involved selling 591,606 ordinary shares, generating net proceeds of $200.5 million, combined with $16.9 million from preferred stock sales between September 2nd and 7th.

This action mirrors similar acquisitions by other prominent corporate Bitcoin holders. Japan’s Metaplanet Inc., for example, announced on Monday that it purchased 136 Bitcoin for $15.2 million, increasing its total holdings to 20,136 Bitcoin.

In other news, El Salvador commemorated the fourth anniversary of its Bitcoin legal tender law by acquiring 21 Bitcoin on Sunday, continuing its strategy of daily Bitcoin accumulation.

“Bitcoin treasury companies have now amassed over a million Bitcoin, and their continued buying and growth will establish a robust buying foundation for the asset,” stated Pranav Agarwal, an independent director at Jetking Infotrain India—the first listed Bitcoin treasury company in the country, previously to Decrypt.

Shares of Strategy (MSTR) closed today at $335.87, up 2.53%, and are currently trading lower in pre-market trading at around $329.20, according to Google Finance.