# Strategy Now Owns 3% of Total Bitcoin Supply

*Author: Bankless*
*Published: Aug 25, 2025*
*Source: https://www.bankless.com/read/strategy-now-owns-3-of-total-bitcoin-supply*

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Strategy continued its aggressive accumulation of bitcoin, adding 3,081 BTC for $356.9M at an average price of $115,829. The buy brings its total stash to 632,457 BTC, just over 3% of the total bitcoin that will ever exist.

### What’s the Scoop?
- **New Buy:** 3,081 BTC acquired between Aug. 18 and Aug. 24 for $356.9M, per SEC filings. Treasury now sits at 632,457 BTC, bought at an average $73,527 per coin, implying $23.5B in paper gains.
- **Capital Strategy:** At a $112B market cap, Strategy trades at roughly a 60% premium to its bitcoin holdings.
- **Market Context:** The company remains the largest corporate bitcoin holder, controlling 3% of total supply, well ahead of miners, financial firms, and other treasury peers.

### Bankless Take:
Strategy's recent guidance [walk back](https://x.com/saylor/status/1957413273122287738) to allow at-the-market share sales below a 2.5x mNAV is responsible for this transaction. Although complex exotic preferred instruments were sold (STRK, STRF, and STRD), 87% of funds raised came from vanilla MSTR share sales. Notably, no dollar of this transaction was funded through convertible bonds.

> Strategy has acquired 3,081 BTC for ~$356.9 million at ~$115,829 per bitcoin and has achieved BTC Yield of 25.4% YTD 2025. As of 8/24/2025, we hodl 632,457 [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) acquired for ~$46.50 billion at ~$73,527 per bitcoin. [$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/KCrM0ffClo](https://t.co/KCrM0ffClo)— Michael Saylor (@saylor) [August 25, 2025](https://twitter.com/saylor/status/1959949666482561098?ref_src=twsrc%5Etfw)
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