Since August 2020, the company has accumulated a whopping 641'206 BTC, investing approximately $47,5 billion at an average price of $74,1k per Bitcoin.
Average Bitcon Price
The development of the average BTC price in the Strategy treasury.
Acquisition Breakdown
MicroStrategy’s CEO, Michael Saylor, has aggressively pursued Bitcoin acquisitions, with a significant portion of purchases occurring in 2025:
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Funds Deployed (%) | 2,7 | 6,2 | 0,7 | 4,5 | 51,8 | 41,3 |
| ** Funds Deployed** ($ b) | 1,1 | 2,6 | 0,3 | 1,9 | 21,9 | 19,2 |
| BTC Acquired (%) | 11,8 | 9,3 | 1,3 | 9,5 | 43,1 | 30,4 |
In 2025 alone, MicroStrategy deployed $19,6 billion in Bitcoin. This immense expenditure was made possible by the premium at which MSTR shares trade above the market value of the BTC owned and a few (innovative) debt instruments.
Market Value of Holdings
As of today, with Bitcoin trading at $103'942, the market value of MicroStrategy’s holdings has surged to $66 billion. This reflects an unrealized gain of $19,1 billion, with the company’s total Bitcoin position being 40,2% in profit.
Microstrategy owns 3,05% of all BTC, or 3,47% of still accessible BTC (What Happens to Lost Bitcoin?
.
Sources:
Michael Saylor on X.com
Microstrategy financials: MicroStrategy investor relations page for 8-K, 10-K and 10-Q reports.
MicroStrategy stock market data: finance.yahoo.com
MSTR shares outstanding: ycharts.com
MSTR insider transactions: openinsider.com
BTC price: coingecko.com
Notes:
- Funds deployed: funds allocated during a certain period in comparison with overall investments in a particular asset
- Nr. BTC acquired: amount Bitcoin acquired during a certain period in comparison with the total amount on the books
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Really impressive! And a very good Summary. Now I also know where the 74k „liquidation level“ comes from that was in certain Posts on X.