Michael Saylor-led business intelligence and software firm Strategy Inc has purchased an additional 397 Bitcoin . This takes its total holdings to 641,205 BTC, valued at roughly $69 billion based on the current value of the flagship cryptocurrency. Strategy Sees 13th Consecutive Bitcoin Acquisition Streak The new acquisition marks the firm’s 13th consecutive acquisition streak this year and was worth $45.6 million. For context, each coin in this acquisition was acquired at $114,711. Strategy’s entire hol ...

Core Insights - Bitcoin remains a divisive topic on Wall Street, with a small number of publicly listed companies aggressively accumulating Bitcoin, leading to a split among traditional financiers [1] Company Overview - MicroStrategy, now known as Strategy, began acquiring Bitcoin in 2020, primarily funded through debt, and has seen its Bitcoin holdings appreciate by nearly 700% over five years, resulting in billions of dollars in unrealized profits [2][3] - The company holds over 640,000 BTC, representing more than 3% of Bitcoin's total supply, with an average purchase price of $74,802 per coin, allowing for a potential 30% drop in Bitcoin's value without incurring losses [4] Financial Position and Risks - Strategy's ongoing Bitcoin purchases at near-record highs are reducing profit margins, raising concerns about the company's financial stability in the event of a bear market, which historically has seen Bitcoin prices drop by up to 80% [5] - The company faced significant paper losses of $4 billion during the 2022 downturn but managed to retain its holdings, although the increased size of its crypto stash may complicate future margin calls [5] Market Impact - Potential forced selloffs by Strategy could trigger a panic in the Bitcoin market, leading to significant price declines due to lower liquidity compared to traditional markets, which would also negatively impact the company's stock price [6] - As a member of the Nasdaq 100, any downturn in Strategy's performance could adversely affect millions of investors tracking this index through ETFs, potentially impacting everyday consumers who are not directly involved in cryptocurrency [6]

Core Insights - Strategy reported a significant increase in net income to $2.8 billion for Q3, with diluted EPS of $8.42, surpassing analyst expectations of $8.15 [1] - The company's Bitcoin holdings rose to 640,808 BTC, valued at approximately $71 billion, representing over 3% of all Bitcoin ever created [1] Financial Performance - Year-to-date, Strategy has raised $19.8 billion in capital primarily for Bitcoin acquisitions, maintaining a fully unencumbered balance sheet [2] - The company's GAAP profit has been substantial, with over $8 billion in positive earnings across the last four quarters [5] Bitcoin Holdings and Metrics - The Bitcoin per share metric increased to 41,370 satoshis per share as of October 26, up from 39,716 on July 31, indicating continued growth in Bitcoin holdings per share [4] - Digital assets on the balance sheet grew to $73.2 billion in Q3 from $64.4 billion in Q2, reflecting $3.9 billion in fair-value gains and approximately $5 billion in additional BTC purchases [6] Market Position and Ratings - Strategy holds the title of the world's largest corporate Bitcoin treasury, with its BTC holdings solidifying its market dominance [1] - The company received its first public issuer rating from S&P at B–, which is seen as a pathway to attract larger institutional investors, particularly in high-yield credit [6] Additional Financial Metrics - The company has a market cap of $83 billion and total debt of $8.2 billion, with annual interest and preferred dividends amounting to $689 million [7]

Core Insights - Prenetics Global Limited has acquired 100 Bitcoin at an average price of $109,594 per Bitcoin, increasing its total Bitcoin holdings to 378 BTC valued at approximately $46 million [1][10] - The acquisition is part of a strategic capital deployment following a successful $44 million equity offering, which was oversubscribed and attracted high-quality strategic investors [2][3] - The company maintains a strong balance sheet with $127 million in total liquidity, consisting of $86 million in cash and $41 million in Bitcoin holdings, while having zero debt [4] Financial Performance - Prenetics' IM8 supplement brand has achieved $100 million in annual recurring revenue within just 11 months of launch, marking the fastest growth in the global supplements industry [5][9] - The company has provided FY2026 revenue guidance for IM8, expecting revenues between $180 million and $200 million [6] Strategic Vision - The CEO's manifesto outlines a vision for a "health-and-wealth" platform, combining growth in the wellness market with strategic Bitcoin accumulation, aiming to create unprecedented shareholder value [7] - Prenetics is recognized as the first consumer health company to establish a Bitcoin Treasury, reinforcing its position at the intersection of health innovation and digital assets [10]

TYSONS CORNER, Va.--(BUSINESS WIRE)--Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR) ("Strategy†or the "Company†), the largest corporate holder of bitcoin and the world's first Bitcoin Treasury Company, today announces financial results for the three-month period ended September 30, 2025 (the third quarter of its 2025 fiscal year). "In the third quarter and into October, Strategy continued to strengthen its position as the world's leading Bitcoin Treasury Company. We increased our bitcoin hold. ...

Core Insights - Strategy Inc is the largest corporate holder of bitcoin and the world's first Bitcoin Treasury Company, reinforcing its leadership position in the market [1] Financial Performance - For the third quarter of the 2025 fiscal year, Strategy Inc reported an increase in its bitcoin holdings, continuing to strengthen its position as a leading Bitcoin Treasury Company [1]

Core Insights - Bitcoin remains the most dominant cryptocurrency, comprising nearly 60% of the total crypto market and showing resilience during downturns [1] - The emergence of Bitcoin as a treasury asset among corporations and governments is a significant development that could drive its value higher [3][6] Group 1: Bitcoin as a Treasury Asset - Historically, corporations avoided Bitcoin due to its volatility, but companies like Strategy have successfully adopted it as a treasury asset, achieving over 2,000% returns since their initial purchase [4] - Cumulative Bitcoin holdings among top treasury companies have increased significantly, with nearly 500,000 BTC added in the last year, and public companies and governments now own about 1.7 million BTC, representing approximately 8% of the total supply [5] - The trend of corporations and governments accumulating Bitcoin as a treasury asset increases demand, which could lead to further price growth for Bitcoin [6][7] Group 2: Investment Behavior - Companies and governments that hold Bitcoin typically adopt a buy-and-hold strategy, reducing sell pressure during price declines, which contrasts with retail investors who may trade more frequently [8] - While the price of Bitcoin has generally increased over the past two years, the long-term risks associated with holding Bitcoin as a treasury asset remain, especially for companies that have not experienced a prolonged bear market [8]

RT The Hurdle Rate Podcast (@HurdleRatePod)Welcome back to The Hurdle Rate Podcast.Episode 33: Credit Ratings for Digital Capital.The crew is back covering Strategy's credit rating, how this could impact the insurance industry, interest coverage ration and industry credit ratings, what it will take for Bitcoin Treasury Company credit ratings to go higher, Mike Alfred, big volumes, and more.Here's the latest with @ColeMacro, @PunterJeff, @BenWerkman and @TimKotzman.0:30 - Welcome Back to The Hurdle Rate1:00 ...

Core Insights - American Bitcoin and Strategy have collectively purchased over $205 million in Bitcoin in the last 48 hours, countering Coinbase's assertion that corporate treasuries have largely exited the market during October's downturn [1] - Coinbase's Global Head of Investment Research, David Duong, indicated that digital asset treasury companies have significantly reduced their market activity since October 10, with Bitcoin purchases nearing year-to-date lows [2] Company Activities - American Bitcoin acquired approximately 1,414 Bitcoin between September and October 24, raising its strategic reserve to 3,865 Bitcoin, which are held in custody or pledged for miner purchases under agreements with BITMAIN [3] - The company introduced a new metric, Satoshis Per Share, which indicates the amount of Bitcoin attributable to each outstanding share, reporting 418 satoshis per share as of October 24, a 52% increase since September 1 [4] - American Bitcoin differentiates itself from traditional Bitcoin treasury vehicles by integrating mining operations, allowing it to reduce the average cost per Bitcoin and gain a cost advantage over those that purchase exclusively on the open market [5] Market Trends - Strategy, led by Bitcoin advocate Michael Saylor, acquired an additional 390 BTC between October 20 and October 26, spending $43.4 million at an average price of $111,117 per Bitcoin, bringing total holdings to 640,808 BTC at an aggregate price of $47.44 billion [6] - In South Korea, Bitplanet announced plans to acquire 50 BTC worth approximately $5.8 million after receiving shareholder approval, while Hong Kong-based Prenetics Global raised $150 million through a convertible note offering backed by Galaxy Digital to establish its Bitcoin treasury strategy [7]

Nasdaq-listed Prenetics Global raises $48 million for bitcoin treasury expansion https://t.co/5HgqnQtRDy ...