Strategy expands treasury with purchase of 390 BTC and totals 640.808 bitcoins

• Strategy buys 390 BTC for $43 million
• Company already controls 3% of Bitcoin's supply
• “42/42” Plan Aims for Aggressive Expansion Through 2027

Strategy, a company led by Michael Saylor and known for its aggressive bitcoin accumulation policy, announced the purchase of an additional 390 BTC between October 20 and 26. The new acquisition cost approximately US$43,4 million, at an average price of US$111.117 per unit, according to document sent to the SEC.

The company's total treasury now holds 640.808 BTC, an estimated value of US$74 billion at current market prices. The average cost per Bitcoin held by the company is US$74.032, representing unrealized gains exceeding US$26 billion. The accumulated volume already represents more than 3% of the maximum supply of 21 million BTC.

The move was financed through the sale of perpetual preferred shares issued by the company. Active fundraising programs include STRK, STRC, STRF, and STRD. These instruments are part of a structured plan to increase capital and support new bitcoin purchases, with the goal of raising up to $84 billion in offerings by 2027.

The previous week, Strategy had issued 191.404 STRK shares for approximately $17 million, in addition to selling STRF and STRD units, a move that bolstered the cash allocated to BTC purchases. The document also emphasizes that no MSTR common shares were sold during the period.

The company's capital structure combines convertible debt and dividends tied to different risk profiles, as previously explained by Saylor. The executive commented that the company can withstand even prolonged declines in the price of Bitcoin, while acknowledging that shareholders could face significant losses in extreme situations.

Strategy's portfolio growth keeps the firm at the top of the list of listed companies with BTC in treasury. Four other companies round out the top-ranking positions: MARA, Tether-backed Twenty One, Metaplanet, and Bitcoin Standard Treasury Company.

Saylor referenced the most recent purchases in a social media post, stating, "It's orange dot day." On Friday, Strategy shares closed up 1,5%, trading at $289,08, while Bitcoin posted gains that outperformed the stock's performance in 2025.