In a recent filing with the Securities and Exchange Commission (SEC) dated September 8th, Strategy Inc. (NASDAQ:MSTR) revealed the purchase of 1,955 Bitcoins (CRYPTO: BTC). The total investment amounted to approximately $217.4 million, solidifying the company’s position as the leading corporate Bitcoin holder.
According to a statement, the acquisitions occurred between September 2nd and September 7th, with an average price of $111,196 per Bitcoin. This brings their total holdings to 638,460 BTC, valued at $47.17 billion, and represents an average acquisition cost of $73,880.
Strategy reported a year-to-date Bitcoin yield of 25.8% in 2025.
Data from BitcoinTreasuries.net confirms that Strategy maintains its dominant position as the largest public Bitcoin holder. Other significant holders include MARA Holdings (NASDAQ:MARA) with 52,477 BTC, XXI (NASDAQ:CEP) holding 43,514 BTC, Bitcoin Standard Treasury Company (NASDAQ:BSTR) owning 30,021 BTC, Bullish (NASDAQ:BLSH) possessing 24,000 BTC, and Metaplanet (OTC:MTPLF), a Japanese company, with 20,136 BTC.
Michael Saylor, the Executive Chairman, explained the acquisition as part of a broader transformation within the financial markets. He stated to CNBC that “Bitcoin represents a digital transformation of capital markets.”
He further commented that the influx of capital into Bitcoin continues to grow, adding, “Our companies raised $19 billion this year. All of it went into Bitcoin.”
Strategy Inc. funded the Bitcoin purchase using proceeds from its existing “at-the-market” equity programs, which included the issuance of both common and preferred stock.
The SEC filing indicates that over 591,000 shares of the company’s common stock were sold during the reporting period, resulting in net proceeds of $200.5 million.
Also Read: Bitcoin Profitability Rebounds But Momentum Stalls At $111,000
Why It Matters: While Strategy expands its Bitcoin holdings, treasuries of Ethereum (CRYPTO: ETH) are also experiencing rapid growth.
BitMine Immersion Technologies (AMEX:BMNR) revealed this week that their Ethereum holdings have exceeded 2.069 million ETH, with a value of approximately $8.93 billion, alongside 192 BTC and $266 million in cash reserves.
With total crypto and cash assets of $9.21 billion, BitMine now stands as the largest Ethereum treasury and the second-largest crypto treasury worldwide, only surpassed by Strategy.
BitMine boasts the backing of prominent institutional investors, including ARK Invest‘s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital (NASDAQ:GLXY).
The company has set a long-term objective of acquiring 5% of the total Ethereum supply, positioning itself as a significant player, mirroring Strategy’s strategy of accumulating Bitcoin.
Chairman Thomas Lee explained that the company’s positive outlook is fuelled by macroeconomic shifts stating, “The convergence of both Wall Street moving onto the blockchain and AI/agentic-AI creating a token economy is creating a supercycle for Ethereum.”