Strategy Expands Bitcoin Reserves as Market Recovers
Strategy Inc., the crypto treasury firm co-founded by Michael Saylor, has reached a new milestone with its Bitcoin holdings valued at $77.4 billion as the cryptocurrency returned to the $120,000 mark. The company now holds 640,031 BTC, cementing its place as the largest corporate Bitcoin holder in the world.
Over the past seven weeks, Strategy acquired 11,085 BTC, continuing its aggressive accumulation strategy despite volatility in the broader market. The most recent addition of 196 BTC was recorded on Oct. 2. Saylor highlighted the firm’s long-term commitment by recalling its initial $250 million investment and early unrealized losses, contrasting them with today’s massive gains.
mNAV Recovery and Investor Confidence
The company’s market-based net asset value (mNAV) has rebounded significantly, climbing from a September low of 1.195 to over 1.5. Although still below the 2.5 threshold historically used to guide capital raises, this recovery boosts Strategy’s flexibility to issue new equity and continue accumulating Bitcoin without shareholder dilution concerns.
Investor sentiment has improved alongside the rebound. Shares of Strategy (MSTR) closed at $352.33 on Oct. 2, gaining more than 4% in a single day. While still below July’s high near $457, analysts believe the momentum could drive further gains in the coming months.
Global Bitcoin Holdings and Market Outlook
According to BitcoinTreasuries.NET, Strategy now controls roughly 48% of the 1.32 million BTC held by public and private companies combined. This dominance reflects the company’s unwavering belief in Bitcoin as a long-term store of value and a hedge against inflation.
With institutional demand growing and Bitcoin’s price stabilizing above key resistance levels, Strategy’s position continues to strengthen. The company’s aggressive accumulation strategy, combined with improving market conditions, positions it to play a central role in the next phase of Bitcoin adoption.
