By Mackenzie Tatananni
Strategy, the world's largest corporate holder of Bitcoin, didn't snap up any cryptocurrency last week as the price of Bitcoin continued its ascent.
Strategy's holdings currently stand at 640,031 Bitcoin acquired for a total of $47.35 billion, or roughly $73,983 per token. Its latest purchase came in the prior week, when the company said it had acquired 196 digital tokens for $22.1 million in the period between Sept. 22 and Sept. 28.
Shares of the company formerly known as MicroStrategy were up 1.7% at $357.66 on Monday. The benchmark S&P 500 had risen 0.4%.
Holders of Bitcoin have enjoyed its steep rise over the past week or so. The price of the world's largest cryptocurrency rose above $125,000 over the weekend and has only continued to climb, reaching a high of $125,709 on Monday.
Over the past few days, the price of Bitcoin has risen 9.4%. Those gains are even steeper over the longer term, with Bitcoin sporting a 13.7% increase over the past 30 days.
As of the time of writing, Bitcoin was up 2.1% over the past 24 hours to $125,224, according to CoinDesk data, valuing Strategy's total horde at more than $80 billion.
While there has been debate over whether crypto is a safe-haven asset, the recent rally appears to be linked to political uncertainty resulting from the latest government shutdown. This trend has precedent: the price of Bitcoin increased during the past three of five shutdowns, as traders feared a decline in the value of fiat currencies.
Strategy's executive chairman and co-founder, Michael Saylor, has made it a habit to tease upcoming purchases on social media.
"No new orange dots this week -- just a $9 billion reminder of why we HODL," Saylor posted on X, alongside a chart of Strategy's Bitcoin portfolio, on Sunday. HODL, an acronym meaning "hold on for dear life," has been popularized among Bitcoin traders, and serves as encouragement to hold on to one's digital assets for the long term.
Strategy itself is seen as a leveraged play on Bitcoin, a vehicle allowing investors to gain exposure to the cryptocurrency without having to own it directly. But there are even more ways to play the category.
The T-Rex 2X Inverse MSTR Daily Target ETF, trading under the ticker symbol MSTZ, is an exchange-traded traded fund that aims to achieve daily investment results that are two times the opposite of the daily performance of Strategy stock.
The fund, which launched in September 2024, holds derivative instruments rather than Strategy stock itself, and is best suited for investors looking to make short-term, bearish bets. REX Shares, the creator of the ETF, has created similar funds for stocks such as Apple, Nvidia, and Netflix.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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October 06, 2025 14:44 ET (18:44 GMT)
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