CryptoQuant analyst JA Maartunn recently emphasized two significant achievements following Strategy’s newest Bitcoin acquisition.
Maartunn drew attention to these milestones in light of the company’s latest disclosure. Specifically, Strategy revealed in a filing dated December 15, 2025, that it purchased 10,645 Bitcoins between December 8 and December 14, investing a total of $980.3 million inclusive of transaction fees.
Strategy Acquires Over 10K Bitcoins in Recent Transaction
The firm paid an average price of $92,098 per Bitcoin during this period. Currently trading at $89,488 per coin, this recent purchase is showing an unrealized loss close to $28 million—a pattern consistent with the company’s previous acquisitions.
Despite this paper loss, Strategy remains confident. This addition has raised their total Bitcoin holdings to approximately 671,268 BTC as of now. The overall investment by the company into Bitcoin has reached about $50.33 billion with an average cost basis near $74,972 per coin.
The latest purchase was financed through Strategy’s at-the-market equity program which involved multiple securities offerings within the same week. During that timeframe alone, they sold 163,306 shares of their 10% Series A Perpetual Strife Preferred Stock generating net proceeds totaling around $18 million.
Additionally, they issued another tranche consisting of 7,036 shares from their 8% Series A Perpetual Strike Preferred Stock raising roughly $600 thousand and sold over one million shares (1,029,202) from their other preferred stock series—yielding approximately $82.2 million after commissions.
A substantial portion of funds also came from sales of Class A common stock where nearly five million shares (4,789664) were sold for net proceeds close to $888.2 million.
Taken together during this period these equity sales brought in nearly $989 million—closely matching the capital outlay for acquiring new Bitcoins.
The filing further indicates that Strategy still holds considerable capacity under its various programs to issue additional securities if it opts to increase its Bitcoin holdings further down the line.
Saylor Reaches Two Noteworthy Milestones
Commenting on these developments Maartunn highlighted two key milestones achieved by Michael Saylor through Strategy:
First is surpassing a cumulative investment threshold exceeding fifty billion dollars—now standing at approximately $50.33 billion invested since August 2020 when they initiated with a quarter-billion-dollar purchase.
This vast sum secured them over six hundred seventy-one thousand bitcoins (671268 BTC). Despite current market fluctuations pushing prices lower than some acquisition costs, the portfolio’s present value hovers around sixty billion dollars ($60.07B), reflecting unrealized gains exceeding ten billion dollars on paper.
The second milestone relates to year-to-date investments made during calendar year 2025 which have already eclipsed prior annual records set by Strategy.
For perspective: In 2024, a record was set when $21.
Now,étwithétthisét$980€million investment included,èsTrategy has deployed &'s22.&'46;billion towards buying &'s225,'228 BTC so far in &'s2025.''
While last year saw more coins acquired overall, if we compare dollar amounts spent thus far,the current year’s purchases exceed those figures due primarily due to elevated bitcoin prices throughout this period resulting in higher average costs per unit.
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