KBC Group has bought more Strategy stock. The Belgian banking giant added about 39,826 shares of the Bitcoin treasury company, a purchase worth $5.9 million.
What KBC actually bought
The new shares were disclosed through a public 13F filing. That’s the quarterly report large US-listed investment managers file to show what stocks they hold.
According to the research findings, KBC’s position in Strategy (NASDAQ: MSTR) stood at 311,624 shares by the end of 2025. That stake was valued at about $50.44 million.
The bank added 88,501 shares in the fourth quarter of 2025 alone, a sizable jump in a single three-month window.
The latest batch of approximately 39,826 shares continues that pattern. The research dates this purchase as of October 23, 2026.
Why Strategy is the vehicle of choice
Strategy is the company formerly known as MicroStrategy. It rebranded in February 2025 to reflect its focus on holding Bitcoin as its core business.
The firm is led by CEO Phong Le. Co-founder Michael Saylor, long the public face of its Bitcoin strategy, remains an influential figure at the company.
As of October 19, 2026, Strategy held 848,517 BTC. It acquired those coins at an average cost of approximately $75,446 per Bitcoin.
For a regulated bank, holding shares in a Nasdaq-listed company fits neatly inside existing custody, compliance and reporting systems. Holding the underlying asset is a different operational project entirely.
KBC’s broader crypto push
KBC is preparing to let retail customers trade Bitcoin and Ether directly. That service is planned for KBC’s Bolero investment platform. It would operate under the European Union’s Markets in Crypto-Assets Regulation, known as MiCAR or MiCA.
So KBC is approaching digital assets from two directions at once. On its own books, it’s building equity exposure through Strategy. For its clients, it’s working on direct access to the two largest crypto assets.
What this means
There are risks worth keeping in view. Concentrating institutional exposure in a single treasury company ties those investors to that company’s leverage and capital decisions, not just to Bitcoin itself.
What to watch next: KBC’s subsequent filings, to see whether the quarterly buying continues, and the timing of the Bolero launch. Strategy’s own purchase announcements are worth tracking too, since its 848,517 BTC stockpile is what investors like KBC are ultimately paying for.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.