A notable corporate strategy for accumulating Bitcoin reached its five-year milestone recently with the announcement of a new purchase of 155 BTC for approximately $18 million. This acquisition brings the total holdings to an impressive 628,946 BTC, valued at nearly $76 billion, which constitutes about 3% of Bitcoin’s total supply.
In August 2020, this strategy was established when Bitcoin was adopted as the primary treasury asset. Since that time, the company has seen its stock appreciate by over 3,000%, resulting in an average annual return of around 100%. In contrast, Bitcoin itself has increased by approximately 1,000% in value during the same period. The funding for these purchases has come from a substantial amount of equity and credit, totaling around $46 billion. This includes $8.2 billion raised through convertible debt along with multiple offerings of perpetual preferred stock.
The latest purchase was made at an average price of around $116,401 per Bitcoin, and as of early August 2025, the organization reported a Bitcoin yield of 25% year-to-date. The overall acquisition cost of the total holdings was roughly $46.09 billion, which translates to an average price of about $73,288 per Bitcoin.
The company’s stock has become one of the most actively traded equities in the United States, with a daily trading volume of $4.4 billion, a figure only surpassed by Google. The open interest in options associated with this stock stands at around $90 billion, which ranks second to Google’s $99 billion. Its market capitalization is estimated at about $112 billion.
This specific accumulation strategy has served as a significant influence on other publicly traded companies, encouraging them to incorporate Bitcoin into their treasury reserves. Currently, publicly listed firms collectively hold around 964,314 BTC, largely financed by capital raises modeled after this successful approach.
As of the latest updates, Bitcoin has been trading above $120,000, marking a 1% increase in just one day and a 4.55% increase over the week. In addition, Ethereum, the second-largest cryptocurrency, has seen a notable rise of 17% in the same time frame.
In a noteworthy buying trend, the period from May 19 to 23 saw a purchase of 4,020 Bitcoin for about $427.1 million, with an average acquisition price of $106,237 each. This acquisition occurred just prior to Bitcoin reaching its all-time high above $110,000, extending the commitment to increase Bitcoin holdings despite fluctuating market conditions.
This five-year journey of Bitcoin accumulation reflects a bold and forward-thinking approach to treasury management, setting a precedent in the corporate world and influencing a wave of crypto adoption among various firms.