Strategy’s Purchase of 220 Bitcoin at $123,500 Average May Have Preceded Friday Price Plunge

• 220 BTC bought at $123,500 average

• Purchase cost ~ $27 million and modestly increased the firm’s treasury average cost to over $74,000 per BTC

• Firm now holds 640,250 BTC; valuation based on CoinGecko price data was ~ $73 billion

Strategy purchased 220 Bitcoin at $123,500 average, raising treasury cost above $74,000—read details and implications for the firm’s balance sheet and stock performance.

Author: COINOTAG • Published: 2025-10-13 • Updated: 2025-10-13

What happened when Strategy purchased 220 Bitcoin?

Strategy purchased 220 Bitcoin last week at an average price of $123,500, spending roughly $27 million, according to the company’s press release. The acquisition occurred before a sharp market pullback on Friday and nudged the firm’s treasury average cost above $74,000 per coin.

How was the 220 BTC purchase funded and what does it mean for the firm’s holdings?

The company said the latest purchase was funded with proceeds from preferred share sales: $1.7 million from STRK, $17.1 million from STRF, and $6.9 million from STRD. This funding mix produced a relatively small weekly buy compared with earlier large-scale purchases this year that reached billions. Strategy’s total reported holdings now stand at 640,250 Bitcoin, which, using price data from CoinGecko, equated to approximately $73 billion at the time of reporting.

Frequently Asked Questions

Did Strategy buy Bitcoin before the market drop?

Yes. Strategy reported buying 220 BTC at an average of $123,500 prior to a Friday sell-off that pushed Bitcoin lower. The company’s timing meant last week’s purchase reflected prices closer to the prior all-time highs than the subsequent dip.

How many Bitcoins does Strategy own and how much are they worth?

Strategy reported ownership of 640,250 BTC. Valuation depends on spot prices; CoinGecko price references placed that holding near $73 billion at the time of reporting. Market movement will alter this figure in real time.

Key Takeaways

• Size of purchase: 220 BTC purchased for about $27 million at an average price of $123,500.
• Treasury impact: The buy raised Strategy’s average cost per Bitcoin above $74,000, marginally increasing portfolio concentration.
• Funding method: The purchase was funded via preferred share sales (STRK, STRF, STRD), signaling smaller weekly buys versus periods financed by common-share issuances.

Market context and expert perspective

Shares of the firm traded around $304.78 on Monday, reflecting a recent five-day drop of about 15%, according to Yahoo Finance data cited in company materials. Greg Cipolaro, Global Head of Research at NYDIG, noted in a recent report that among treasury-focused public firms, performance varied: one peer outperformed Bitcoin in Q3 while Strategy’s stock fell 20.3% in the same period. Strategy co-founder and Executive Chairman Michael Saylor posted on X: “No tariffs on Bitcoin.” Separately, a public comment by U.S. President Donald Trump on Truth Social—“Don’t worry about China”—was cited as part of the broader market narrative that influenced short-term price swings.

Conclusion

The latest filing shows Strategy purchased 220 Bitcoin at an average of $123,500, a small but notable increment that lifted the company’s treasury average above $74,000 per coin. Funded through preferred-share proceeds, the transaction underscores the firm’s ongoing accumulation strategy even as stock and crypto markets fluctuate. Watch balance-sheet disclosures and preferred vs. common-share issuance trends for signals about future buying activity; for continued coverage, follow COINOTAG updates.

Sources: Company press release; CoinGecko price data; Yahoo Finance; NYDIG report by Greg Cipolaro; public posts by Michael Saylor (X) and Donald Trump (Truth Social).