Strategy Buys 13,927 BTC in a Single Week — All Funded by STRC

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Each Monday, you'll receive a quick blast on the top buyers over the last week. We'll follow that up every Friday with digest and analysis. Enjoy!

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The top 100 now jointly hold 1,174,887 BTC worth roughly $83.49 billion at press time.

Below, we break down the three most aggressive buyers this week — along with how their moves impact the leaderboard.

Top 3 Bitcoin Buys This Week

#1 — Strategy (MSTR) 🇺🇸

• BTC added: 13,927 BTC
• New total holdings: 780,897 BTC
• Funding source: ATM sales of STRC preferred shares
• Current Ranking: #1 among public companies
• % of total supply: ~3.72%
• Market cap: $42 billion (Basic)
• Enterprise value: $58 billion
• mNAV: 0.75x

Strategy's latest acquisition of 13,927 BTC for $1.00 billion (at an average of approximately $71,800 per BTC) was funded through net proceeds from ATM sales of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), with no common equity used. Notably, our STRC Bitcoin accumulation tracker predicted 12,897 BTC from the activity and was only 8% of the mark, underscoring the aggressive pace of capital deployment. This move continues the company's established pattern of leveraging equity and preferred issuances to amplify Bitcoin per share exposure, pushing holdings to a new high and widening its lead as the dominant corporate treasury.

Track Strategy's updates on the live dashboard.

#2 — Stack BTC Plc (STAK) 🇬🇧

• BTC added: 37.18 BTC
• Estimated value: $2.68 million
• New total holdings: 68.18 BTC
• Funding source: equity investment facilitated by Nigel Farage
• % of total supply: ~0.00%

Stack BTC Plc added 37.19 BTC this week in a £2 million purchase at approximately £53,778 per BTC, funded from corporate resources as part of its Bitcoin treasury strategy. The transaction was facilitated by Nigel Farage, leader of Reform UK and a sitting MP, who is a vocal Bitcoin advocate and has pledged to establish a UK national Bitcoin reserve. Farage commented: “Well, Stack cannot be a Bitcoin treasury unless we buy Bitcoin, which is exactly what we’ve done today. The company’s really starting to get moving.” The move highlights growing high-profile political interest in corporate Bitcoin adoption in the UK and positions Stack BTC as the first listed Bitcoin treasury company led by a former senior politician.

Track Stack BTC Plc's updates on the live dashboard.

#3 — Capital B (ALCPB) 🇫🇷

• BTC added: 37 BTC
• Estimated value: €2.3 million
• New total holdings: 2,925 BTC
• Funding source: corporate treasury allocation
• Current Ranking: #26 among public companies
• % of total supply: ~0.01%
• Market cap: $155 million (Basic)
• Enterprise value: $160 million
• mNAV: 0.75x

Capital B continues its disciplined Bitcoin treasury strategy as one of Europe’s earliest and most consistent public adopters. The 37 BTC addition further boosts its BTC-per-share metrics and reinforces its position among the upper ranks of public company holders.

Track Capital B's updates on the live dashboard.

Key Takeaways

• Strategy’s Unrivaled Scale: Strategy delivered the week’s dominant purchase of nearly 14,000 BTC funded exclusively through STRC preferred shares, further extending its lead as the largest public Bitcoin holder.

• European Treasury Momentum: Capital B’s steady weekly addition reflects the accelerating pace of Bitcoin reserve adoption among European public companies.

• High-Profile UK Interest: Nigel Farage’s equity investment into Stack BTC Plc signals increasing mainstream political and investor engagement with corporate Bitcoin strategies.

• Broad Participation Continues: Public companies across market caps and geographies maintained consistent accumulation, underscoring Bitcoin’s role as a strategic corporate asset regardless of short-term price volatility.

Special thanks to our partners:
• AnchorWatch. AnchorWatch makes Bitcoin ownership safer and easier by combining advanced custody expertise with industry-grade insurance. As a Lloyd’s of London Coverholder, it writes specialized policies that address digital-asset risks, giving clients trusted coverage and peace of mind. Learn more: AnchorWatch
• Arch Lending. Get instant, secure loans backed by your Bitcoin, Ethereum, or Solana—no need to sell your assets. Arch Lending offers fast approvals and trusted custody for both individuals and institutions. Learn more: Arch Lending
• BitGo. BitGo is the leading institutional-grade digital asset custody, trading, and finance platform, trusted by exchanges, hedge funds, and corporations worldwide to secure and manage their crypto holdings. As the pioneer of multi-signature wallet technology, BitGo provides unmatched security, regulatory compliance, and deep liquidity solutions for serious digital asset operations. Learn more: BitGo
• Cadena Bitcoin. A p2p bitcoin lending marketplace with a unique emphasis on working with treasury firms and businesses, as well as the savvy bitcoin-native investors who visit our website. Learn more: Cadena Bitcoin
• Coinkite. Coinkite is a leader in security and hardware manufacturing and the maker of some of the most iconic Bitcoin products, such as OPENDIME, COLDCARD, BLOCKCLOCK, SATSCARD, TAPSIGNER and SATSCHIP. Learn more: Coinkite
• Cryptio. Cryptio is an enterprise-grade accounting software platform built specifically for digital assets and cryptocurrencies. It enables businesses to transform blockchain transaction data from multiple exchanges and custodians into auditable financial records, supporting compliance with GAAP and IFRS standards. Learn more: Cryptio
• The Hemisphere Foundation. Hemisphere develops open-source solutions designed to help treasury teams securely manage, deploy, and optimize their BTC holdings, with benefits of self-custody and Bitcoin native deployment. Learn more: The Hemisphere Foundation
• Orange Wheel Advisors. Orange Wheel Advisors is a strategic consulting firm that helps companies navigate Bitcoin’s impact on corporate finance and competitive strategy. With expertise spanning treasury management, payments, capital structure, mining, and investor communications, they provide executive education, tailored strategies, and execution support to guide businesses through the global monetary transition. Learn more: Orange Wheel Advisors
• o21 Solutions. o21 develops and implements Bitcoin-powered corporate strategy, transforming value chains with strategic expertise and tailored advisory services, with a focus on both Treasury and Operations - balance sheet accumulation, mining, and payments. Reduce cycle time through the corporate Bitcoin adoption journey through our pre-packaged or tailored engagements. Learn more: o21 Solutions
• Psalion. Psalion is a Bitcoin and digital-asset yield manager that offers institutional‑style investment strategies to professional investors, family offices, corporates, and private clients via separately managed accounts and yield funds. Learn more: Psalion
• Secure Digital Markets (SDM). Secure Digital Markets (SDM) provides unparalleled liquidity, execution speed, and bespoke customer service, making it the top choice for institutional investors seeking reliable digital asset trading solutions. With deep expertise in capital markets and strict regulatory standards, SDM stands out as the premier platform for all digital asset treasury teams looking to optimize their trading and treasury operations. Learn more: Secure Digital Markets (SDM)
• Stacking Sats Inc.. Official IT partner at BitcoinTreasuries, Stacking Sats Inc via its subsidiary, Framework IT, is a managed IT services firm with a 17-year track record of providing best-in-class IT support, strategy, and cybersecurity, boasting high recurring revenue and long-term client contracts. It’s also one of the top 20 holders of Bitcoin among global private companies. Learn more: Stacking Sats Inc.
• XCE. An executive recruitment group that combines a profitable recruitment business with a Bitcoin treasury strategy. The company turns over a decade of executive recruitment experience and four years of Bitcoin accumulation into a public Bitcoin‑powered growth engine, using a proven operating business to drive Bitcoin treasury accumulation. Learn more: XCE
• Zaprite. Zaprite is a non-custodial payment platform that allows individuals and businesses to seamlessly accept both bitcoin (on-chain and lightning) and fiat payments in a unified, customizable checkout experience. Users can easily issue invoices, generate payment links, and connect multiple wallets or custodial accounts, all while handling their own funds directly. Learn more: Zaprite

For the full leaderboard and all tracked treasuries, visit https://bitcointreasuries.net