Strategy (formerly MicroStrategy) continues to actively increase its Bitcoin holdings, albeit at a more cautious pace. According to a report filed with the SEC, from September 15 to 21, 2025, the firm purchased an additional 850 BTC worth $99.7 million at an average price of $117,344 per coin.
Following this transaction, Strategy’s total Bitcoin holdings reached 639,835 BTC, purchased for approximately $47.3 billion. The average purchase price was $73,971 per coin. Thus, the company remains the largest corporate holder of Bitcoin in the world.
Slowing Purchase Rate
Analysts note that the volume of new purchases is declining. In September, the company purchased 3,330 BTC, compared to 7,714 BTC in August, and over 31,000 coins in July. According to experts, Strategy is now acting more cautiously, keeping an eye on the market amid relative price stabilization.
Co-founder Michael Saylor attributed this to reduced volatility. He stated that “Bitcoin is becoming less attractive to retail traders,” while institutional investors continue to increase their presence, creating the foundation for long-term growth.
Other Market Players
Amid Strategy’s slowdown, Japanese company Metaplanet has become active. This week, it acquired 5,419 BTC, increasing its reserves to 25,555 coins. This placed the company among the top five public holders of Bitcoin.
Strategy’s latest purchase coincided with Saylor’s preparations for a government roundtable discussion on the creation of a US strategic bitcoin reserve.
