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Strategy, the company focused on holding bitcoin as a corporate reserve, has made another large purchase. Between December 8 and 14, approximately $980.3 million worth of the cryptocurrency was added to the portfolio, according to company CEO Michael Saylor.
In Brief #
- Strategy bought nearly $1 billion worth of bitcoin again; total holdings now stand at 671,268 BTC worth approximately $60 billion.
- The purchase was financed through issuing new shares, a core component of the company’s strategy.
- Meanwhile, the company’s stock (MSTR) is significantly underperforming bitcoin and risks exclusion from an important stock index, posing a risk.
Aggressive Purchase Strategy Continues #
Strategy bought 10,645 bitcoin at an average price of approximately $92,098 per coin. This marks the second consecutive week the company has acquired more than 10,000 BTC. The previous week, approximately $962.7 million was already invested.
With this purchase, the company now holds 671,268 BTC, representing just over 3 percent of the maximum supply. The current market value of this portfolio is approximately $60 billion, against a total purchase price of $50.3 billion. The average purchase price per bitcoin across all transactions amounts to $74,972.
Strategy has acquired 10,645 BTC for ~$980.3 million at ~$92,098 per bitcoin and has achieved BTC Yield of 24.9% YTD 2025. As of 12/14/2025, we hodl 671,268 $BTC acquired for ~$50.33 billion at ~$74,972 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/VdAz7pqce1
— Michael Saylor (@saylor) December 15, 2025
Stock Underperforms Bitcoin #
The purchases are financed through issuing and selling shares. This is part of a plan to raise capital through 2027 for further bitcoin investments.
Despite the strategy, Strategy’s stock (MSTR) is performing significantly weaker than the cryptocurrency itself. While bitcoin is down 3.8 percent this year, MSTR shares have fallen 41.2 percent. Compared to the summer peak, the price has even decreased by 61 percent.
Position on Stock Indices Under Pressure #
The company’s market position is under pressure due to a potential conflict with index provider MSCI. MSCI is considering excluding companies where more than half of assets consist of digital holdings, such as Strategy, from its global stock indices. The reason is that these companies resemble investment funds more than traditional businesses, according to MSCI.
Strategy argues that such a rule would lead to “chaos and confusion” for index providers and investors. A final decision from MSCI is expected by January 15. The company recently retained its position in the American Nasdaq 100 index after the annual review.
Strategy’s strategy makes it one of the largest institutional holders of bitcoin, but simultaneously puts it at odds with traditional financial markets, which struggle with the classification of such crypto-focused companies.