Strategy Inc. is ranked fifth among U.S. corporations with the most significant holdings of Bitcoins, with a reported reserve of $80 billion.
The company disclosed that its Bitcoin treasury ranks it in the number three spot, behind Berkshire Hathaway, Amazon, Google, and Microsoft, in terms of the total size of its treasury, but ahead of Apple, NVIDIA, Meta, and Tesla. It was also a chart that the company released, comparing its Bitcoin holdings with the amount of cash held by giant corporations.
Strong Bitcoin Position and Q3 Valuation
As of October 5, Strategy Inc., according to its latest SEC filing, held 640,031 Bitcoins, valued at approximately $ 47.35 billion. Between September 29 and October 5, the firm did not acquire any new Bitcoin, and its average cost position was at 73983 tokens. Strategy has a fair value range of its digital assets of $73.21 billion, and a third-quarter fair value increase of $3.9 billion, as of the end of September. This was one of the most significant unrealized gains for the company to date, primarily due to the high performance of Bitcoin in the third quarter of 2025.
Strategy, however, reported that its Bitcoin exposure had deferred tax expense of $1.12 billion in its accounting. The enormous Bitcoin holdings still define the financial future of the company, as it attempts to manage increasing assets and extensive debt liabilities.
Share Sales and Capital Activity
Strategy sold 101,713 shares of Series A Preferred STRF in the week of September 2228, 2025, at a net proceeds of $11.3 million. This was a hypothetical holding worth $10.2 million. The company also revealed that it had not sold all of the STRF shares by the close of July, with the remaining amount being $1.72 billion. It also sold 5,000 shares of STRD at a total of $0.4 million, generating proceeds of $0.5 million, and held $4.15 billion shares of STRD available to sell.
The business is still operating capital wisely in the face of market instability and an increasing debt load. The board believed that the security spending limit of CEO Michael J. Saylor should be increased to $2 million per year, starting October 1, 2025.
Market Context and Industry Trends
Recently, Bitcoin surpassed a new all-time high of $126,000 and was valued at $ 2.47 trillion. The spike was aided by high inflows into U.S. spot exchange-traded funds and an increase in investor interest in digital assets as a hedge against currency debasement.
With the increasing adoption of Bitcoin, major tech firms have opposed the idea of holding Bitcoin in their reserves. Both Microsoft and Meta previously dismissed these proposals this year, when Bitcoin was trading at a lower price. The National Center for Public Policy Research continues to promote the idea of corporate Bitcoin investments, suggesting that companies allocate between 1% and 5% of their cash assets to the asset.
The extraordinary Bitcoin strategy employed by Strategy Inc. has made it one of the best corporate treasuries in America. Regardless of its success, the company is under intense leverage risks associated with its aggressive digital asset holdings. Since Bitcoin has gained institutional support, the strategy can influence the attitudes of other companies that consider incorporating digital currencies into their treasury management.
