Bitcoin accumulation of $109 million by the end of 2025

Michael Silver-led strategy firm ended 2025 by buying another 1,229 BTC, worth approximately $108.8 million. The firm’s total Bitcoin holdings now stand at 672,497 BTC.

2025 was an active year for the accumulation strategy; the firm recorded 41 weeks of Bitcoin purchases in the year, a significant increase from 18 weeks in 2024 and 8 weeks in 2023.

Although the buying volume in the last week of the year was smaller than the previous multi-billion dollar transactions, it still indicates strategic confidence in Bitcoin and institutional buying pressure.

This trend sends a clear message to the market: Despite the volatility, Bitcoin’s largest institutional investor has not wavered and has continued to accumulate. Such moves could fuel bullish sentiment among retail and institutional investors.

On a macro level, public companies holding Bitcoin increased their holdings to over 1.08 million BTC in 2025, and Strategy remains by far the largest institutional holder of Bitcoin.