Key Takeaways:<\/p>\n
Strategy (formerly MicroStrategy) purchased an additional 1,229 BTC for $108.8 million at an average price of $88,568.<\/p>\n
The company now holds a staggering 672,497 BTC, acquired for $50.44 billion total (avg. ~$75k\/BTC).<\/p>\n
The company reported a BTC Yield of 23.2% YTD for 2025, highlighting the efficiency of its accretive strategy.<\/p>\n
Strategy (formerly MicroStrategy) continues to execute its relentless Bitcoin accumulation plan, ending 2025 with another significant purchase. The company disclosed that during the week ending December 28, 2025, it acquired 1,229 BTC for approximately $108.8 million in cash, paying an average price of $88,568 per Bitcoin.<\/p>\n
23.2% Yield and $8 Billion in Unrealized Profit<\/p>\n
Strategy\u2019s aggressive buying has resulted in a massive cost basis of $50.44 billion, with an average entry price across the entire portfolio of $74,997 per Bitcoin.<\/p>\n
Despite the sheer scale of the holdings, the company continues to outperform passive holding. Strategy reported a BTC Yield of 23.2% Year-to-Date (YTD) for 2025. This proprietary metric measures the percentage change in the ratio of Bitcoin holdings to assumed diluted shares outstanding, demonstrating that the company is accruing Bitcoin faster than it is diluting shareholders.<\/p>\n
With Bitcoin trading near ~$87,343, the portfolio\u2019s market value stands at approximately **$59 billion**, placing the company on an unrealized profit of over $8 billion, validating Michael Saylor\u2019s \u201cBitcoin Treasury\u201d thesis despite recent market sideways action.<\/p>\n
Strategy has acquired 1,229 BTC for ~$108.8 million at ~$88,568 per Bitcoin<\/p>\n
Funded by Equity: The ATM Machine Rolls On<\/p>\n
To finance this purchase, Strategy leveraged its \u201cAt-The-Market\u201d (ATM) equity offering program. The company sold 663,450 Class A shares, generating net proceeds of approximately $109 million.<\/p>\n
This aligns with the company\u2019s broader capital plan to raise $21 billion via equity to buy Bitcoin. By issuing shares at a premium to the Net Asset Value (NAV) of its Bitcoin holdings, Strategy effectively captures the spread to buy more BTC per share, fueling the \u201cBTC Yield\u201d flywheel.<\/p>\n
Buying the Dip at $88k?<\/p>\n
The decision to continue buying at an average price of $88,568 \u2013 slightly above the current spot price \u2013 signals strong institutional conviction that Bitcoin has not yet reached its cycle peak for 2025\/2026.<\/p>\n
However, market analysts note that the \u201cMSTR Premium\u201d (the ratio of the stock price to the value of its Bitcoin holdings) has compressed to approximately 1.14x. This reduction likely reflects increased competition from other corporate Bitcoin adopters and ETFs, though Strategy remains the primary \u201cleveraged proxy\u201d for institutional equity investors seeking Bitcoin exposure.<\/p>\n
Read Next: Coinbase Acquires \u201cThe Clearing Company\u201d to Fortify \u201cEverything Exchange\u201d Strategy and Internalize Prediction Market Tech<\/p>\n","protected":false},"excerpt":{"rendered":"