MicroStrategy recently acquired 168 Bitcoin for $18.8 million, marking its third smallest purchase of the year and relying on preferred shares for funding instead of common shares this month. This addition brings its total holdings to approximately 640,400 Bitcoin, valued at around $71 billion based on current market prices.
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MicroStrategy’s Bitcoin strategy emphasizes long-term accumulation without selling, as confirmed by market sentiment where over 90% of respondents believe the firm will hold its assets.
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The purchase was executed at an average price of $112,000 per Bitcoin, despite a recent 3.4% dip in Bitcoin’s value to $111,250 over the past week.
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With no common shares issued this month, MicroStrategy maintains a 1.21x premium to its net asset value, reflecting disciplined capital management amid fluctuating stock performance.
Discover MicroStrategy’s latest Bitcoin purchase details and implications for its treasury strategy in 2025. Stay informed on key crypto developments—subscribe to COINOTAG updates today for expert insights.
What is MicroStrategy’s Latest Bitcoin Purchase Strategy?
MicroStrategy’s latest Bitcoin purchase involved acquiring 168 Bitcoin for $18.8 million last week, funded through proceeds from preferred shares rather than the traditional common shares issuance. This move highlights the firm’s disciplined approach to capital allocation, as it has not tapped common shares this month, allowing it to preserve its stock premium relative to holdings. As a result, MicroStrategy now holds roughly 640,400 Bitcoin, worth approximately $71 billion at current prices per CoinGecko data.
How Does MicroStrategy Fund Its Bitcoin Acquisitions?
MicroStrategy has historically relied on issuing common shares to finance its Bitcoin buys, especially when the stock trades at a premium to its Bitcoin per share value, enabling efficient growth in holdings. This year, however, the firm introduced preferred shares that may include dividend obligations, providing an alternative funding mechanism. According to the company’s Monday press release, the recent $18.8 million purchase utilized these preferred shares, marking a shift that underscores greater flexibility in its policy updated earlier in 2025.
Expert analysis from Bitcoin Treasuries indicates MicroStrategy’s multiple-to-net asset value (mNAV) stood at 1.21x on Monday, down from 1.32x in late September. This metric, a popular standard for evaluating Bitcoin treasury companies, suggests the common share premium has become less attractive recently. Michael Saylor, MicroStrategy’s co-founder and Executive Chairman, emphasized this ongoing commitment on X, stating, “The most important orange dot is always the next,” referring to the firm’s Bitcoin acquisition chart.
Market data from Myriad Markets, a product of DASTAN, reveals strong investor confidence: more than nine in 10 respondents believe MicroStrategy will not sell its Bitcoin. This sentiment aligns with the firm’s long-term holding strategy, avoiding sales even as Bitcoin’s price fluctuated 3.4% downward to $111,250 over the past seven days. The average acquisition cost of $112,000 per Bitcoin last week positions the purchase favorably amid signs of rebound, with Bitcoin showing recovery on Monday.
Frequently Asked Questions
What is the Total Value of MicroStrategy’s Bitcoin Holdings After the Latest Purchase?
MicroStrategy’s total Bitcoin holdings now stand at approximately 640,400 BTC, valued at around $71 billion based on current market prices from CoinGecko. This figure reflects the firm’s aggressive accumulation strategy, with the recent addition of 168 BTC funded at an average of $112,000 each, maintaining its position as a leading corporate Bitcoin holder without any sales recorded.
Why Hasn’t MicroStrategy Issued Common Shares This Month for Bitcoin Buys?
MicroStrategy has shifted to preferred shares for funding its recent Bitcoin acquisition to demonstrate capital discipline and flexibility, as outlined in its updated policy earlier this year. This approach avoids diluting common shares when the stock’s premium to holdings is less optimal, currently at 1.21x mNAV per Bitcoin Treasuries. It allows the firm to continue building its treasury efficiently while navigating market volatility.
Key Takeaways
- MicroStrategy’s Third Smallest Buy of 2025: The $18.8 million purchase of 168 Bitcoin is notably smaller than September’s 7,574 BTC acquisition, signaling a paced approach amid funding adjustments.
- Preferred Shares as New Funding Tool: By using preferred shares, which may involve dividends, MicroStrategy preserves its common stock premium, with shares rising 5.3% to $305 despite a monthly 11.5% drop.
- Long-Term Holding Confidence: Over 90% market belief in no sales, per Myriad Markets data, supports MicroStrategy’s strategy—investors should monitor upcoming “orange dots” for continued accumulation insights.
Conclusion
MicroStrategy’s latest Bitcoin purchase of 168 BTC for $18.8 million exemplifies its evolving treasury strategy, leveraging preferred shares to sustain growth without issuing common shares this month. With holdings now at 640,400 Bitcoin valued at $71 billion and a resilient 1.21x mNAV premium, the firm demonstrates robust financial discipline amid Bitcoin’s price dynamics. As Michael Saylor’s vision underscores, the next acquisition could further solidify MicroStrategy’s leadership in corporate crypto adoption—stay tuned to COINOTAG for ongoing updates and analysis in the evolving digital asset landscape. Published by COINOTAG on October 14, 2025; last updated October 15, 2025.
