# Strategy Acquires Another $449M in BTC

*Author: Bankless*
*Published: Sep 2, 2025*
*Source: https://www.bankless.com/read/strategy-acquires-another-449m-in-btc*

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Strategy (MSTR) has acquired 4,048 more bitcoin for roughly $449M at an average price of $110,981, according to an SEC filing. This latest purchase brings its total stack to 636,505 BTC, worth approximately $70B.

### What’s the Scoop?
- **Latest Acquisition:** Strategy acquired 4,048 BTC last week.
- **Treasury Overview:** The firm’s holdings now represent more than 3% of bitcoin’s fixed 21M supply. Its average purchase price stands at $73,765 per BTC, implying around $23B in unrealized gains.
- **Strategic Vision:** The firm’s capital plan — dubbed the “42/42” strategy — targets $84B in total capital raises through 2027 for BTC acquisitions, up from the original $42B “21/21” goal.
- **Yield Increase: **Strategy also [increased](https://x.com/saylor/status/1962969462153380229) the yield on STRC preferred shares from 9% to 10%. This move intended to help the offering trade near its $100 target price.

## Bankless Take:
Strategy is far and beyond the largest corporate crypto holder. While MSTR shares have been trading in a downtrend against BTC since mid-July, the stock has experienced relative strength in recent weeks.

> Strategy has acquired 4,048 BTC for ~$449.3 million at ~$110,981 per bitcoin and has achieved BTC Yield of 25.7% YTD 2025. As of 9/1/2025, we hodl 636,505 [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) acquired for ~$46.95 billion at ~$73,765 per bitcoin. [$MSTR](https://twitter.com/search?q=%24MSTR&src=ctag&ref_src=twsrc%5Etfw) [$STRC](https://twitter.com/search?q=%24STRC&src=ctag&ref_src=twsrc%5Etfw) [$STRK](https://twitter.com/search?q=%24STRK&src=ctag&ref_src=twsrc%5Etfw) [$STRF](https://twitter.com/search?q=%24STRF&src=ctag&ref_src=twsrc%5Etfw) [$STRD](https://twitter.com/search?q=%24STRD&src=ctag&ref_src=twsrc%5Etfw) [https://t.co/dxXWygUijS](https://t.co/dxXWygUijS)— Michael Saylor (@saylor) [September 2, 2025](https://twitter.com/saylor/status/1962849375824040406?ref_src=twsrc%5Etfw)
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