Bitcoin's price witnessed a significant surge, climbing above $115,000 on Monday, following an announcement from Strategy, the world's largest corporate holder of Bitcoin, regarding its latest substantial acquisition. The business intelligence firm disclosed the purchase of an additional 390 BTC between October 20 and October 26, investing approximately $43.4 million at an average price of $111,053 per Bitcoin.

According to a Form 8-K filing released today, Strategy's total Bitcoin holdings have now reached an impressive 640,808 BTC. The aggregate purchase price for these holdings stands at $47.44 billion, with the company's overall average purchase price, including all associated fees and expenses, calculated at $74,032 per Bitcoin.

The latest acquisition was strategically financed through the proceeds generated from Strategy's At-The-Market (ATM) equity programs. Specifically, the company utilized funds raised through the issuance of preferred shares under its STRF, STRK, and STRD ATM programs, accumulating a combined total of $43.4 million during the specified period to fund these significant purchases.

This announcement arrives amidst a burgeoning trend of companies globally adopting Bitcoin treasury strategies. Recent data highlights that publicly traded companies collectively hold over $110 billion worth of Bitcoin, with Strategy alone accounting for approximately $74 billion of that total, cementing its position as a pioneer and leader in this space.

The emergence and acceleration of Bitcoin treasury companies have been particularly notable in 2025. This trend is exemplified by Germany's aifinyo AG, which recently declared ambitious plans to accumulate 10,000 BTC by 2027. Such moves, echoing similar initiatives by companies across Europe and Asia, signal a broader and increasingly solid institutional acceptance of Bitcoin as a legitimate treasury reserve asset.

The Bitcoin treasury model has demonstrably transitioned from an experimental concept to an established corporate strategy. New companies are entering this sphere almost weekly, recognizing Bitcoin's unique value proposition as the ultimate treasury reserve asset. The market's positive response was immediate, with Bitcoin trading above $115,000 as of press time, reflecting strong momentum bolstered by growing institutional adoption and the anticipation of the approaching 2026 halving event. Strategy's stock (MSTR) also reflected this optimism, recording a 3% rise in pre-market trading.

Further supporting the expansion of the Bitcoin treasury trend are recent favorable regulatory developments. Strategy recently received crucial guidance from the IRS and Treasury concerning the treatment of unrealized crypto gains within Corporate Alternative Minimum Tax (CAMT) calculations. This guidance effectively addresses and eliminates previous concerns about potential tax liabilities for companies holding Bitcoin for the long term, thereby fostering a more predictable regulatory environment.

As an increasing number of corporations integrate Bitcoin into their treasury strategies and regulatory frameworks continue to evolve towards greater clarity, the trend appears robust and poised for sustained growth. With Strategy at the forefront and new entrants like aifinyo AG joining the movement, corporate Bitcoin adoption is rapidly becoming a global phenomenon, permeating diverse industries and geographical regions.