Strategy Bought $27M in Bitcoin at $123K Before Crypto Crash
The firm acquired BTC at an average price of over $123,000, while the crypto was trading well below $110,000 during last week’s carnage.
Updated Oct 13, 2025, 5:42 p.m. Published Oct 13, 2025, 4:17 p.m.
Strategy (MSTR), the world’s largest corporate owner of bitcoin BTC$113,161.33, appeared to miss out on capitalizing on last week’s market rout to purchase the dip in prices.
According to Monday’s press release, the firm bought 220 BTC at an average price of $123,561. The company used the proceeds of selling its various preferred stocks (STRF, STRK, STRD), raising $27.3 million.
That purchase price was well above the prices the largest crypto changed hands in the second half of the week. Bitcoin nosedived from above $123,000 on Thursday to as low as $103,000 on late Friday during one, if not the worst crypto flash crash on record, liquidating over $19 billion in leveraged positions.
That move occurred as Trump said to impose a 100% increase in tariffs against Chinese goods as a retaliation for tightening rare earth metal exports, reigniting fears of a trade war between the two world powers.
At its lowest point on Friday, BTC traded nearly 16% lower than the average of Strategy’s recent purchase price. Even during the swift rebound over the weekend, the firm could have bought tokens between $110,000 and $115,000, at a 7%-10% discount compared to what it paid for.
With the latest purchase, the firm brought its total holdings to 640,250 BTC, at an average acquisition price of $73,000 since starting its bitcoin treasury plan in 2020.
MSTR, the firm’s common stock, was up 2.5% on Monday.
Meer voor jou
Crypto Trading Volumes Fall 17.5% in September Despite Record Open Interest
Combined spot and derivatives volumes fell 17.5% in September, continuing a four-year seasonal trend
Wat u moet weten:
- Trading activity falls 17.5% in September slowdown: Combined spot and derivatives volumes dropped to $8.12 trillion, marking the first decline after three months of growth. September has now seen reduced trading volume for the fourth consecutive year.
- Open interest reaches record high despite derivatives market share decline: Total open interest surged 3.2% to $204 billion and peaked at an all-time high of $230 billion during the month.
- Altcoins on CME outperform as Bitcoin and Ether futures decline: While CME’s total derivatives volume stayed flat at $287 billion (-0.08%), SOL futures jumped 57.1% to $13.5 billion and XRP futures rose 7.19% to $7.84 billion. BTC and ETH futures fell 4.05% and 17.9% respectively.
Meer voor jou
Stripe’s Bridge Applies for National Bank Trust Charter to Expand Stablecoin Business
The license, if granted, would help the stablecoin infrastructure firm to “tokenize trillions of dollars,” co-founder Zach Abrams said.
Wat u moet weten:
- Bridge, acquired by Stripe, has applied for a national bank trust charter with the U.S. OCC to provide regulated stablecoin services.
- The charter would bring Bridge under federal oversight, allowing it to issue and manage stablecoins and their reserves.
- Stablecoins are a rapidly growing $300 billion asset class, increasingly used for cross-border payments, with Bridge playing a key role in this expansion.
