Strategy, a prominent corporate holder of Bitcoin, has once again expanded its digital asset reserves. In a recent filing with the U.S. Securities and Exchange Commission (SEC), the company disclosed the acquisition of 850 Bitcoin for approximately $99.7 million between September 15th and September 21st, 2025. This latest transaction underscores Strategy’s sustained commitment to accumulating Bitcoin, even as the pace of its purchases has moderated.
The average acquisition cost for these 850 Bitcoin was approximately $117,344 per coin. This purchase follows a recent 25-basis-point reduction in the U.S. Federal Reserve’s benchmark interest rate, a move that often influences investment strategies across various asset classes. With this latest addition, Strategy’s total Bitcoin holdings now stand at an impressive 639,835 BTC, acquired at an average cost of $73,971 per coin, solidifying its position as the world’s largest corporate owner of the cryptocurrency.
While Strategy continues to be a significant player, its purchasing cadence has demonstrably slowed. In September, the company acquired 3,330 BTC, a notable decrease from the 7,714 BTC purchased in August and a substantial reduction from the 31,466 BTC acquired in July. Analysts suggest this recalibration in acquisition volume reflects a shift from aggressive accumulation to a more cautious approach, potentially driven by price stabilization in the Bitcoin market.
Michael Saylor, co-founder of Strategy, has attributed this moderating purchase strategy to a decrease in market volatility. He posits that Bitcoin is becoming less of a speculative play for retail traders, with institutional adoption now serving as a foundational element for sustained long-term appreciation. This perspective highlights a potential maturation of the Bitcoin market, moving towards a more stable and institutionally-driven asset class.
In contrast to Strategy’s tempered acquisition pace, other entities are actively increasing their Bitcoin exposure. Notably, Japan’s Metaplanet announced its acquisition of 5,419 Bitcoin this past week, elevating its total holdings to 25,555 coins. This significant acquisition propels Metaplanet into the top five largest public corporate Bitcoin holders, demonstrating a diverse and evolving landscape of institutional interest in digital assets.
Strategy’s recent acquisition coincides with Saylor’s participation in a government roundtable discussion focused on a legislative proposal to establish a strategic Bitcoin reserve for the United States. This involvement suggests a growing dialogue between prominent Bitcoin advocates and governmental bodies concerning the role of digital assets within national economic frameworks.
Senior Crypto Correspondent with over 8 years of experience covering Bitcoin, altcoins, and blockchain technology for leading financial publications. Alexander holds a master’s degree in Financial Economics and specializes in in-depth market analysis, regulatory updates, and interviews with top industry figures.