MicroStrategy, the largest corporate holder of Bitcoin, concluded a year of aggressive accumulation with its latest purchase of 1,229 BTC for $108.8 million. The acquisition, executed between December 22 and 28, 2025, was funded through at-the-market sales of 663,450 shares of its Class A common stock. This latest buy brings MicroStrategy's total Bitcoin holdings to 672,497 BTC, acquired at an average price of $74,997 per coin.
The 2025 purchase, while among the company's smaller transactions this year, caps an extraordinarily active period. Data from SaylorTracker.com reveals MicroStrategy disclosed Bitcoin purchases in 41 separate weeks in 2025, a significant increase from 18 purchases in 2024 and just eight in 2023. The company's largest buys of the year included approximately 22,049 BTC for $1.92 billion on March 31, 21,021 BTC for $2.46 billion on July 29, and 20,356 BTC for $1.99 billion on February 24. This accelerated activity resulted in MicroStrategy holding 225,027 more BTC at the end of 2025 than it did at the end of 2024 (447,470 BTC).
In a parallel development highlighting the corporate crypto treasury trend, Nasdaq-listed Tron announced a strategic $18 million equity investment from its founder, Justin Sun, on March 21, 2025. The capital is explicitly earmarked for the company to expand its direct holdings of its native TRX cryptocurrency. This move is seen as a powerful vote of confidence that tightens the alignment between the public company's balance sheet and the Tron ecosystem's health, potentially reducing circulating TRX supply.
The broader landscape shows public companies are embracing Bitcoin as a core balance-sheet asset. Publicly traded companies now hold over 1.08 million Bitcoin across 192 entities, with the majority based in the United States. Following MicroStrategy's lead, other companies like Twenty One Capital (backed by Cantor Fitzgerald, Tether, SoftBank, and Bitfinex) now hold over 43,500 BTC. New entrants in 2025 included Bullish (~24,300 BTC), Bitcoin Standard Treasury Company (~30,021 BTC), Trump Media & Technology Group (~11,542 BTC), and GD Culture Group (~7,500 BTC).
