MicroStrategy spends $46.5 million on Bitcoin in first major purchase since September
The business intelligence firm’s latest Bitcoin acquisition marks its biggest buy since September, signaling continued confidence despite tighter market conditions.
Business intelligence firm MicroStrategy has announced a new addition to its strategy Bitcoin holdings, purchasing 397 BTC for $46.5 million, according to a statement released on Monday. The purchase represents the company’s largest acquisition since September 22, 2025, reaffirming its commitment to Bitcoin as a long-term corporate reserve asset.
With this latest acquisition, MicroStrategy’s total strategy Bitcoin holdings have reached 640,418 BTC, acquired at an average price of $74,057 per coin. The move comes at a time when Bitcoin’s price performance has been relatively subdued, reflecting a cautious but steady continuation of the company’s accumulation strategy.
The announcement underscores MicroStrategy’s consistent approach to building strategy Bitcoin holdings, even as market enthusiasm has cooled and capital-raising conditions have become more constrained.
Dwindling purchase momentum amid capital challenges
Despite being MicroStrategy’s largest buy in over a month, analysts note that the scale of recent purchases pales compared to the company’s earlier aggressive acquisition phases. In October, the firm reported purchasing just $18.8 million worth of Bitcoin — one of its smallest Bitcoin acquisitions to date.
After once “wowing the crypto crowd” with frequent nine-figure purchases, MicroStrategy’s buying capacity appears to have been tempered by changing financial conditions and a reduced premium on its convertible debt offerings. These factors have made capital-raising less favorable, limiting how quickly the company can expand its strategy Bitcoin holdings.
Still, the firm’s latest move suggests that despite diminished frequency, its long-term view on Bitcoin remains unchanged.
A long-term vision for corporate Bitcoin adoption
MicroStrategy has been one of the most visible corporate advocates for Bitcoin since first integrating the asset into its treasury in 2020. The firm’s leadership, spearheaded by Executive Chairman Michael Saylor, has maintained that Bitcoin represents a superior store of value compared to cash or traditional assets.
While other corporations have approached digital assets with caution, MicroStrategy has steadily increased its strategy Bitcoin holdings, positioning itself as a bellwether for institutional interest in the crypto market. Each acquisition, however modest, reinforces the company’s strategic conviction that Bitcoin offers long-term inflation protection and balance sheet strength.
The future of MicroStrategy’s Bitcoin play
As Bitcoin hovers in a consolidation phase, the sustainability of MicroStrategy’s accumulation model depends largely on its access to financing and the broader macroeconomic environment. The company’s strategy Bitcoin holdings remain the largest of any publicly traded corporation, serving as a benchmark for institutional exposure to digital assets.
Observers note that while the pace of acquisitions has slowed, MicroStrategy’s holdings still provide significant upside exposure if Bitcoin resumes a bullish trend. Conversely, a prolonged market downturn could test the firm’s ability to sustain further accumulation.
For now, MicroStrategy’s strategy Bitcoin holdings continue to represent a bold statement of corporate conviction in the digital asset era — even as others retreat to more conservative financial strategies.
Moses Edozie is a writer and storyteller with a deep interest in cryptocurrency, blockchain innovation, and Web3 culture. Passionate about DeFi, NFTs, and the societal impact of decentralized systems, he creates clear, engaging narratives that connect complex technologies to everyday life.