Strategy Increases Bitcoin Holdings to 638,460 BTC After $217M Purchase

Strategy Inc., formerly known as MicroStrategy, has expanded its bitcoin holdings by purchasing an additional 1,955 BTC for approximately $217.4 million, raising its total to 638,460 BTC valued at around $71 billion. The acquisition was made between September 2 and 7, 2025, at an average price of about $111,196 per bitcoin, funded through at-the-market sales of various equity and preferred stock programs. Despite this significant accumulation and reporting a 25.8% year-to-date bitcoin yield in 2025, Strategy was not added to the S&P 500 index during the recent review, with Robinhood, AppLovin, and EMCOR Group selected instead. This exclusion has impacted Strategy's stock price, which has dropped 26% since July, though the company continues to emphasize its strong earnings and long-term outperformance versus the S&P 500 and bitcoin itself. Following the acquisition news, bitcoin's price showed a modest increase but settled near $111,800. Strategy remains committed to financing bitcoin purchases through capital markets and shows no intention of selling its bitcoin holdings despite market fluctuations and index exclusion.