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Strategy acquires 220 BTC, boosting holdings to 640,250 BTC total.
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Bitcoin rebounds above $115,000 after record $19 billion crypto liquidations.
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Ethereum and Ripple recover as crypto market capitalisation surpasses $4 trillion.
Bitcoin treasury company Strategy (formerly MicroStrategy) acquired an additional 220 BTC between October 6 and October 12 for approximately $27.2 million, paying an average price of $123,561 per coin, according to a company press release on Monday.
The purchase increases Strategy’s total Bitcoin holdings to 640,250 BTC, worth around $73 billion at current market prices.
The average acquisition price for the firm’s total holdings stands at $74,000 per Bitcoin, resulting in a total investment of approximately $47.4 billion, including fees and expenses.
The haul represents more than 3% of Bitcoin’s total 21 million supply, implying around $25.6 billion in paper gains at today’s prices.
Strategy temporarily paused its weekly acquisitions last Monday, as it typically does at the end of each quarter, maintaining total holdings at 640,031 BTC.
BTC treasury companies continue momentum
According to Bitcoin Treasuries data, 188 public companies have adopted some form of Bitcoin acquisition strategy.
The top 10 holdings outside Strategy include MARA with 52,850 BTC, Tether-backed Twenty One with 43,514 BTC, Metaplanet with 30,823 BTC, Adam Back and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company with 30,021 BTC, Bullish with 24,300 BTC, Riot Platforms with 19,287 BTC, Trump Media & Technology Group with 15,000 BTC, CleanSpark with 13,011 BTC, and Coinbase with 11,776 BTC.
For the quarter ended September 30, Strategy reported an unrealised gain of $3.89 billion on its digital assets, along with an associated deferred tax expense of $1.12 billion.
As of the same date, the company’s total digital asset carrying value stood at $73.21 billion, with a related deferred tax liability of $7.43 billion.
Ahead of the latest purchase, Saylor hinted at further acquisitions in a post on Strategy’s bitcoin acquisition tracker, stating, “Don’t Stop ₿elievin’.”
Crypto market rebounds
Bitcoin held onto gains on Monday, trading around $115,000 as the market recovered from last week’s sell-off.
Ethereum climbed back above $4,100, while Ripple traded around $2.60.
The overall crypto market capitalisation rose above the $4 trillion mark from $3.78 trillion, according to CoinGecko.
Total single-day liquidations across all cryptocurrencies reached a record $19 billion last week on Friday, with altcoins experiencing the sharpest losses.
Market volatility was triggered in part by comments from US President Donald Trump regarding additional tariffs on China and other export controls, which briefly spurred a decline in equities and cryptocurrencies.
Bitcoin dipped to approximately $102,000 before rebounding over the weekend.
Despite persistent macroeconomic uncertainty, the rebound in Bitcoin, Ethereum, and Ripple prices has offered relief to traders affected by recent leveraged losses, signalling cautious optimism in the crypto market.
