Strategy (MSTR) Boosts Bitcoin Holdings Past 660,000 BTC Mark

Strategy (MSTR), the Nasdaq-listed software firm and largest corporate holder of Bitcoin, announced another massive acquisition, pushing its total treasury holdings past a critical threshold.

Strategy added an additional 10,624 BTC to its treasury, spending approximately $962.7 million at an average price of $90,615 per coin. This single purchase is one of the largest made by the company this year.

This buy brought Strategy's total Bitcoin reserves to 660,624 BTC. Acquired for a cumulative cost of about $49.35 billion, the treasury is now valued significantly higher, showcasing a substantial unrealized gain despite the stock price's recent struggles.

Institutional signal

The timing of this purchase—just hours before a critical Federal Reserve meeting and amidst persistent market anxiety—sends a powerful signal of unwavering long-term conviction. CEO Michael Saylor and the firm's board continue to treat Bitcoin not as a speculative trade, but as a strategic, long-term digital treasury asset. This policy remains a major influence on other corporate and institutional balance sheet strategies globally.

The move coincided with U.S. spot Bitcoin ETFs turning positive with $152 million in net inflows on December 10th. This suggests a bifurcation in investor behavior: while retail traders remain cautious ahead of macro events, the large, sophisticated institutional and corporate capital is actively using periods of market weakness as accumulation opportunities, viewing short-term macro noise as irrelevant to Bitcoin's long-term value proposition.

Strategy's continued, aggressive accumulation reinforces the narrative that the current cycle is fundamentally different from previous ones, being anchored by deep, persistent institutional buying.

Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. Coinidol.com is an independent Blockchain media outlet that delivers news, cryptocurrency analytics and reviews. The data provided is collected by the author and is not sponsored by any company or developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.