Strategy Buys 4225 BTC While Bitcoin Hits Record High

Bitcoin breaks $123K while Strategy pushes its BTC holdings past 600K, locking in a 20.2% YTD yield through bold accumulation.

In a landmark week for crypto markets, enterprise analytics firm Strategy, formerly known as MicroStrategy, made headlines again by acquiring 4,225 BTC for $472.5 million, reinforcing its long-term commitment to Bitcoin as a core treasury asset. This substantial purchase comes as Bitcoin surges past $123,000, setting a new all-time high and igniting a fresh wave of institutional interest.

Strategy Surpasses 600K Bitcoin Milestone

Strategy’s latest acquisition, announced on July 14, was executed at an average price of $111,827 per BTC. This brings the company’s total Bitcoin holdings to 601,550 BTC, purchased at an average of $71,268 per coin, totaling $42.87 billion in investment.

This accumulation solidifies Strategy’s position as the world’s largest corporate Bitcoin holder, far surpassing competitors in both quantity and strategic conviction. The company’s Bitcoin yield for 2025 now stands at 20.2%, a testament to its aggressive positioning amid this year’s bull market.

Funding the Buy: Preferred Stock and Creative Capital

To finance the purchase, Strategy tapped into a combination of at-the-market (ATM) offerings across its common and preferred equity lines. Between July 7 and July 13, the company raised $472.3 million by selling nearly 2 million shares through multiple channels:

• Common stock (MSTR): $330.9 million
• STRK (Strike) preferred shares: $57.4 million
• STRF (Strife) preferred shares: $44.4 million
• STRD (Stride) preferred shares: $15.8 million

These preferred share classes offer annual dividend yields between 8% and 10%, giving investors income exposure tied to Strategy’s Bitcoin-centric financial model. Importantly, the multi-channel capital strategy minimizes dilution of common shareholders while enabling scalable treasury growth.

Strategy: A Transparent, Hybrid Financial Model

Strategy continues to operate with a high degree of transparency, maintaining a real-time public dashboard at www.strategy.com. The platform includes up-to-date data on Bitcoin holdings, market pricing, share structure, and key financial metrics, reinforcing its reputation as both a public company and a de facto Bitcoin ETF alternative.

By combining aggressive Bitcoin acquisitions with structured equity products, the company straddles the line between a tech firm and an institutional asset accumulator—effectively pioneering a new corporate-finance model in the digital age.

Bitcoin Blasts Past $123K, Flattens $1.3B in Shorts

Bitcoin’s breakout to a new all-time high of $123,236 on July 14 wiped out $1.3 billion in short positions within seconds, as the cryptocurrency vaulted from $120K to $121K in a single move.

At its current valuation, Bitcoin’s market cap has reached $2.39 trillion, overtaking Amazon to become the fifth-largest asset globally. Earlier this month, it surpassed Silver in total market capitalization, driven by a mix of record-breaking ETF inflows, policy momentum, and institutional accumulation.

Former Binance CEO Changpeng Zhao (CZ) commented on the milestone, noting that today’s excitement may look minor in hindsight:

“After I bought BTC in 2014, it took 3 years to get to $1,000 again in January 2017. Today’s highs are just a fraction of what’s to come.”

Bull Market Momentum Tied to Macro and Policy Winds

Bitcoin’s surge has closely tracked geopolitical and macroeconomic developments. Since President Trump’s April 9 pause on reciprocal tariffs, crypto markets have added $1.2 trillion in total value, with Bitcoin alone gaining $15,000 after the House passed the “Big Beautiful Bill” on July 3.

These developments have bolstered investor confidence in the U.S. regulatory and fiscal environment for digital assets, fueling a broad-based rally across the sector.

Metaplanet and SharpLink Join Institutional Buying Frenzy

Strategy isn’t the only player going big on crypto.

Japanese tech conglomerate Metaplanet, ranked among the top five corporate Bitcoin holders, revealed on July 14 that it had purchased 797 BTC for $93.6 million, at an average price of $117,451. This follows last week’s acquisition of 2,205 BTC, quadrupling its holdings from under 4,000 BTC in March to over 15,500 BTC by July. The firm is targeting a 210,000 BTC reserve by 2027.

Meanwhile, SharpLink Gaming has ramped up its Ethereum strategy. The company recently acquired 16,374 ETH—valued at nearly $49 million—sourced via Galaxy Digital’s over-the-counter desk. This follows a prior direct purchase of 10,000 ETH from the Ethereum Foundation on July 10. According to EmberCN estimates, SharpLink now controls around 270,000 ETH, placing it behind only the Ethereum Foundation and ahead of Coinbase among corporate holders.

A New Era of Institutional Crypto Finance

With companies like Strategy, Metaplanet, and SharpLink reshaping how treasuries allocate capital, crypto assets are no longer peripheral or speculative—they’re becoming central components of modern corporate finance.

Strategy’s innovative funding model—blending traditional equity tools with digital asset accumulation—exemplifies this shift. And as Bitcoin reaches new highs and institutional demand accelerates, the line between fintech firms and crypto-native enterprises continues to blur.

In this evolving environment, companies that move early and decisively may secure a strategic edge, not just in crypto markets, but across the future financial system.