Company Strategy (MicroStrategy) reported the purchase of 10,624 bitcoins for $962.7 million at an average purchase price of $90,615 per bitcoin between December 1 and 7. The latest batch of bitcoins became Strategy's largest purchase since July 2025.
As of December 7, Strategy holds 660,624 bitcoins (3% of the total supply) on its balance sheet. Since 2020, the company has spent approximately $43.35 billion to acquire them at an average purchase price of $74,696 per BTC.
Strategy is the largest corporate holder of bitcoin. Its business model, implemented by the company's founder Michael Saylor, involves purchasing cryptocurrency using borrowed funds—through bond issuances and stock placements. Many companies have followed Strategy's example, earning the name Digital Asset Treasuries (DAT).
DAT projects in 2025 became one of the most popular trends in public markets. Their stock prices soared at the start, sometimes by thousands of percent, but the year is ending less successfully than it began.
According to Bloomberg, the median drawdown for stocks of public companies in the U.S. and Canada was 43%, while bitcoin itself has fallen 2% since the beginning of the year, as of December 8. According to the publication's calculations, most of these companies were unprofitable, and by the end of the year, 70% of DAT project stocks will be worth less than at the start.
The company Metaplanet, known as the "Japanese Strategy," has not purchased bitcoins for over two months. At the end of September, the DAT project's reserves reached 31,000 bitcoins and have not changed since then, according to information on the company's website. In late November, it collateralized its bitcoins to raise funds for the purchase of additional bitcoins.
Despite the challenging situation in the industry, Strategy is not the only one continuing to increase its cryptocurrency reserves. The largest corporate holder of Ethereum, the company BitMine, announced on December 8 that it purchased 138,452 ETH in the first week of the month and increased its altcoin reserves to 3.2% of its market capitalization.
BitMine owns 3,864,951 ETH ($12.1 billion). The average purchase price is $3,139 per 1 ETH. The company plans to increase its reserve to 5% of Ethereum's supply ($380 billion at the rate of $3,160 on December 8). The company stated that it is confident in the altcoin's growth in the coming months.
Last week, Strategy also announced the creation of a $1.4 billion dollar reserve. It is planned that these funds should cover the company's obligations to investors, and it will not be forced to sell bitcoins for this purpose.
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