Since August 2020, the company has accumulated a whopping 815'00 BTC, investing approximately $61,6 billion at an average price of $75,6k per Bitcoin.
Average Bitcon Price
The development of the average BTC price in the Strategy treasury.
Acquisition Breakdown
MicroStrategy’s CEO, Michael Saylor, has aggressively pursued Bitcoin acquisitions, with a significant portion of purchases occurring in 2025:
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Funds Deployed (%) | 1,8 | 4,3 | 0,5 | 3,1 | 35,6 | 36,6 | 18 |
| ** Funds Deployed** ($ b) | 1,1 | 2,6 | 0,3 | 1,9 | 21,9 | 22,6 | 11,1 |
| BTC Acquired (%) | 8,7 | 6,6 | 1 | 7 | 31,6 | 27,7 | 17,5 |
In 2025 alone, MicroStrategy deployed $22,6 billion in Bitcoin. This immense expenditure was made possible by the premium at which MSTR shares traded 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 $75'798, the market value of MicroStrategy’s holdings has surged to $61 billion. This reflects an unrealized gain of $171 million, with the company’s total Bitcoin position being 0,3% in profit.
Microstrategy owns 3,88% of all BTC, or 4,41% 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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