MicroStrategy (NASDAQ: MSTR), the world's largest publicly traded corporate holder of Bitcoin, has resumed its aggressive acquisition strategy, purchasing 1,229 BTC for approximately $108.8 million last week. The purchase was executed at an average price of $88,568 per Bitcoin, according to a company filing released on Monday, December 29, 2025.
The acquisition was funded through the sale of $108.8 million in Class A common stock. This move follows the company's recent action to boost its US dollar reserves to $2.2 billion the prior week, signaling a renewed commitment to its Bitcoin treasury strategy.
With this latest purchase, MicroStrategy's total Bitcoin holdings have increased to 672,497 BTC. The company has spent a total of $50.44 billion to acquire this stash, resulting in an average purchase price of $74,997 per Bitcoin. At the time of the announcement, Bitcoin was trading around $87,000, and MSTR shares were down 1% in premarket trading to $157 per share.
In a related and significant development, MicroStrategy will retain its position in the prestigious Nasdaq 100 index following the index's annual reshuffle announced on Friday. This dispels analyst concerns that the company might be removed after its stock declined over 40% year-to-date. The company, which rebranded from a software firm to a "Bitcoin treasury" company, joined the Nasdaq 100 in December 2024.
The company's foundational strategy began in August 2020 as an inflation hedge during the COVID-19 pandemic, and its stock has skyrocketed by over 1,120% since adopting this plan. However, depressed crypto prices in 2025 have caused its equity to fall from a November 2024 record high of nearly $474 per share to a close of just over $176 on the Friday before the announcement. Bitcoin itself is nearly 30% below its October 2024 all-time high of $126,080.
The news highlights the ongoing narrative of corporate Bitcoin adoption, with hundreds of public companies having followed MicroStrategy's lead. However, a recent report from BitcoinTreasuries.net indicates that approximately 60% of corporate Bitcoin treasuries are now "underwater" on their purchases, reflecting the market's volatility.
