Strategy Joins Top Five U.S. Corporate Treasuries With $80 Billion in Bitcoin Holdings - Coinedict

Strategy Inc. (NASDAQ: MSTR) has officially entered the top five list of the largest corporate treasuries in the United States — a remarkable milestone for a company whose reserves are almost entirely in Bitcoin.

According to company filings and public data, Strategy’s Bitcoin holdings are now valued at roughly $80 billion, placing it just behind industry giants such as Berkshire Hathaway, Amazon, Google, and Microsoft.

In a post on X (formerly Twitter), the company highlighted its rapid climb, noting it’s “closing in on the #2 spot among all U.S. corporate treasuries.”

“Only four U.S. companies now hold larger treasuries than us,” Strategy stated, emphasizing the growing recognition of Bitcoin as a legitimate reserve asset.

640,000 BTC on the Balance Sheet

Strategy currently holds 640,031 Bitcoin (BTC), according to its latest Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), dated October 5, 2025.

The total fair market value of these holdings stands at $47.35 billion, based on Bitcoin’s recent price surge. Despite no new Bitcoin purchases between September 29 and October 5, the company’s average acquisition cost remains at $73,983 per BTC.

During Q3 2025, Strategy reported a $3.9 billion unrealized gain thanks to Bitcoin’s strong performance, bringing its balance-sheet carrying value for digital assets to $73.21 billion.

The firm also recorded a $1.12 billion deferred tax expense, underscoring the accounting challenges and advantages of holding digital assets at such scale.

Strategy’s ATM and Preferred Stock Programs

The report also outlined updates to Strategy’s at-the-market (ATM) and preferred stock programs, totaling $63.9 billion in potential future capital issuance.

Key details include:

• $2.1 billion in 10% Series A Perpetual Strife Preferred Stock (STRF)
• $4.2 billion in Variable Rate Series A Perpetual Stretch Preferred Stock (STRC)
• $21 billion in 8% Series A Perpetual Strike Preferred Stock (STRK)
• $4.2 billion in 10% Series A Perpetual Stride Preferred Stock (STRD)
• $21 billion in Class A common stock (MSTR)

The company confirmed no new shares were issued during the period, with future proceeds to be recorded net of commissions.

Strengthening Financial Position Amid Bitcoin Boom

As of September 30, 2025, Strategy’s digital-asset carrying value remained at $73.21 billion, supported by a $7.43 billion deferred-tax liability.

The firm’s independent audit by KPMG LLP reaffirmed its strong financial standing and transparent accounting standards, further cementing Strategy’s reputation as the world’s most Bitcoin-focused public company.

With Bitcoin’s price now holding above $120,000, analysts suggest Strategy’s holdings could soon exceed $85 billion, potentially pushing it even higher in the U.S. corporate treasury rankings.

A Bold Bet on Bitcoin’s Future

Strategy’s long-term Bitcoin accumulation strategy, led by its high-profile executive team, continues to pay off. The company has transformed itself from a traditional business intelligence software firm into a pioneering Bitcoin treasury powerhouse.

As institutional adoption grows and Bitcoin’s price momentum strengthens, Strategy’s conviction in Bitcoin as the world’s best store of value could soon make it the largest digital-asset holder in corporate history.