MicroStrategy’s 28th Bitcoin Buy Could Signal Q4 Ramp-Up, 2025 Purchases Might Near 40

• MSTR holds 638,460 BTC, cost basis ~$72,350 per coin.

• Monthly BTC purchases average ~3, with 2025 buys pacing ~58% ahead of last year.

• Paper profit on the treasury ≈ $27.2B (≈59% unrealized gain) with macro risk-on flows likely to spur further buys.

Meta description: MicroStrategy Bitcoin buy update — MSTR holds 638,460 BTC, $27B unrealized gains; Q4 stacking could accelerate. Read latest analysis and takeaways.

What is MicroStrategy’s 28th Bitcoin buy and why does it matter?

MicroStrategy’s 28th Bitcoin buy is the latest incremental purchase in the company’s enterprise BTC accumulation program. The move matters because the firm now controls 638,460 BTC at a ~$72,350 cost basis, creating substantial unrealized profits and making MSTR a major corporate Bitcoin holder that can influence market narratives.

How many BTC does MicroStrategy currently hold?

MicroStrategy’s treasury stands at 638,460 BTC. At a cost basis near $72,350 per coin, the company shows roughly $27.23 billion in unrealized profit. This scale turns each incremental buy into a strategic corporate decision with balance-sheet and investor-sentiment implications.

MSTR’s Bitcoin accumulation marches on despite equity volatility

Macro volatility has pressured the stock but left the Bitcoin stack intact. Last year’s 17 BTC buys helped grow the treasury to 446k BTC; in 2025 the stash has surpassed 638k BTC, reflecting an aggressive accumulation pace.

Equity returns tell a different story: MSTR’s equity has moved significantly off its highs, while the underlying BTC position has appreciated materially in paper terms. This split highlights investor caution on the stock and continued corporate conviction in Bitcoin as a treasury asset.

Source: Bitbo

Cost-basis math: at ~$72,350 per BTC, the 638,460-coin treasury implies a substantial unrealized gain. That figure supports investor narratives and offers the company optionality: continue accumulating, hold, or consider strategic sales if market conditions change.

How could a risk-on equities regime affect MSTR’s next BTC moves?

Equities have been rallying, led by the Nasdaq, and market pricing for Fed easing is weighing on positioning. If the market continues to front-run rate cuts, risk-on flows could free up liquidity and confidence for MSTR to accelerate monthly BTC purchases—potentially raising 2025 buys close to ~40 transactions.

Technical price action also matters: MSTR rallied from multi-month lows, made a local top, and then consolidated—classic groundwork for a potential re-acceleration if macro tailwinds persist.

Source: TradingView (MSTR/USD)

Frequently Asked Questions

How many Bitcoin purchases has MicroStrategy made in 2025?

MicroStrategy has increased its 2025 purchase cadence, with the 28th buy marking a pace approximately 58% ahead of last year. Monthly averages have hovered around three buys, implying a materially higher annualized tally if the pace continues.

Will MSTR sell Bitcoin if equities rebound?

The company’s public stance has favored accumulation, not active rebalancing. While strategic sales are possible, current unrealized gains and corporate messaging point toward continued stacking unless governance or capital needs dictate otherwise.

Key Takeaways

• Scale matters: MSTR holds 638,460 BTC — a balance-sheet-level position that shapes investor perception.
• Accumulation pace: 2025 buys are ~58% ahead of last year; monthly purchases average ~3 BTC transactions.
• Macro trigger: A sustained risk-on regime or Fed easing could accelerate Q4 stacking and push 2025 total buys toward ~40 transactions.

Conclusion

MicroStrategy’s 28th BTC buy reinforces a clear corporate strategy: accumulate Bitcoin as a treasury asset. With 638,460 BTC on the balance sheet, roughly $27.2B in unrealized gains, and a purchase cadence accelerating into Q4, MSTR remains a bellwether for institutional Bitcoin demand. Watch equity flows and Fed cues for the next stacking leg.