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Strategy keeps expanding Bitcoin reserves amid declining stock premium

A nighttime corporate treasury scene shows a robot loading glowing Bitcoin into a vault while a blue gauge and falling chart hint at record-low mNAV Strategy, the largest public holder of Bitcoin, has expanded its reserves even as the premium on its stock continues to fade. The company revealed on Sept. 15 that it purchased 525 BTC for about 60.2million,payinganaveragepriceof60.2 million, paying an average price of 114,562 per coin. The latest buy pushed Strategy’s 2025 Bitcoin yield to 25.9% and lifted its total holdings to 638,985 BT ...