Strategy Drops $740 Million on Bitcoin, Now Holds Over 600,000 BTC

Strategy just made another huge Bitcoin move. According to a July 21 SEC filing, the company spent $739.8 million to buy 6,220 BTC, paying an average of $118,940 per coin. That brings its total holdings to 607,770 BTC. The average buy-in across all purchases sits at $71,756, putting the company up nearly $28 billion on.. The post Strategy Drops $740 Million on Bitcoin, Now Holds Over 600,000 BTC appeared first on 99Bitcoins.

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Jul 22, 2025 - 14:00

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Strategy Drops $740 Million on Bitcoin, Now Holds Over 600,000 BTC

Strategy just made another huge Bitcoin move. According to a July 21 SEC filing, the company spent $739.8 million to buy 6,220 BTC, paying an average of $118,940 per coin. That brings its total holdings to 607,770 BTC. The average buy-in across all purchases sits at $71,756, putting the company up nearly $28 billion on paper with Bitcoin trading near $120,000.

Stock Sales Cover the Bill

To pull it off, Strategy sold 1.64 million shares of its own stock, raising around $736.4 million. It also raised an additional $3.9 million by selling off smaller positions. Altogether, the fresh cash was funneled directly into Bitcoin. At current supply rates, this single purchase consumed almost two weeks’ worth of new Bitcoin entering the market.