Strategy Bitcoin Treasury Expands With $264.1M Bitcoin Buy

Institutional demand remains strong as the Strategy bitcoin treasury grows further despite mixed signals from the broader digital asset market.

Strategy adds 2,932 BTC in latest accumulation round

Strategy, the prominent Bitcoin treasury company, has revealed a fresh BTC acquisition worth $264.1 million, underscoring its continued conviction in the asset. The firm purchased 2,932 BTC at an average price of $90,061 per coin, according to details shared in a new post on X by co-founder and chairman Michael Saylor.

According to a filing with the US Securities and Exchange Commission (SEC), the purchase was executed between January 20 and 25. Moreover, Strategy financed the deal using proceeds from its STRC and MSTR at-the-market (ATM) stock offerings, continuing its practice of leveraging equity markets to expand its Bitcoin holdings.

Ongoing institutional Bitcoin accumulation at scale

In the past two weeks, the company has made multiple large buys that highlight sustained institutional bitcoin accumulation. Last week, Strategy added Bitcoin worth $2.13 billion, while in the week before that it spent another $1.25 billion on the cryptocurrency. However, the latest recent bitcoin purchase is smaller in comparison, even if it still reflects determined long-term positioning.

Following this new tranche, Strategy‘s total Bitcoin reserves have climbed to 712,647 BTC. That stash represents about 3.57% of the asset’s total circulating supply, reinforcing the company’s status as a dominant corporate holder. In value terms, these coins are worth around $62.23 billion, up nearly 15% versus the firm’s cumulative investment of $54.19 billion.

Strategy bitcoin treasury now leads corporate digital asset holdings

With this latest treasury bitcoin increase, Strategy remains the largest corporate digital asset holder in the world. Its nearest rival is Bitmine, a BTC mining company that pivoted toward an Ethereum-focused treasury strategy in 2024. That said, even with this shift, Bitmine’s overall position still trails Strategy’s aggressive Bitcoin stance.

According to a recent press release, Bitmine expanded its treasury with an additional 40,302 ETH valued at $116.5 million. As a result, the firm’s total reserve has risen to 4,243,338 ETH, worth about $12.24 billion and corresponding to a circulating supply share of 3.52%. This parallel bitcoin reserve growth and Ether accumulation across major corporates illustrates diverging long-term strategies within the sector.

Bitmine ethereum staking and on-chain strategy

Recently, Bitmine has redeployed a significant portion of its Ethereum holdings into staking, aiming to earn passive yield on idle assets. In the past week alone, the company increased its locked stake by 171,264 ETH, pushing its total staked balance to more than 2 million tokens. Moreover, Bitmine claims leadership in this segment.

“Bitmine has staked more ETH than other entities in the world,” said chairman Tom Lee, emphasizing the firm’s commitment to bitmine ethereum staking. This strategy contrasts with Strategy’s focus on unlevered Bitcoin accumulation, offering investors different models for corporate engagement with digital assets.

BTC ETF outflows signal shifting market sentiment

While major corporates are ramping up their exposure, broader market flows have turned negative. According to data from SoSoValue, Bitcoin spot exchange-traded funds (ETFs) recorded significant net outflows over the past week. Weekly btc etf outflows reached – $1.33 billion, marking the largest withdrawal of capital since the end of February 2025.

A week earlier, spot Bitcoin ETFs had posted net inflows of $1.42 billion, almost mirroring the current outflows. However, the latest withdrawals have now nearly wiped out that prior growth, hinting at short-term caution from ETF investors even as corporate buyers like Strategy and Bitmine continue to build their positions.

BTC price action amid large BTC acquisition

At the time of writing, Bitcoin is trading around $88,000, down more than 5% over the last seven days. This pullback comes despite Strategy’s large btc acquisition spree and Bitmine’s ongoing Ethereum accumulation. That said, price weakness may partly explain why corporates view current levels as attractive for scaling their exposure.

In summary, Strategy‘s expanding Bitcoin position, Bitmine’s aggressive Ethereum staking, and the contrasting behavior of spot ETFs highlight a complex institutional landscape. While short-term flows appear cautious, balance sheet moves from major corporates suggest continued long-term confidence in digital assets.