Strategy amasses record Bitcoin reserves
Michael Saylor’s company, Strategy, has again increased its Bitcoin holdings in treasury, significantly boosting its reserves. On July 14, it reported buying 4,225 BTC for $472.5 million, bringing its cumulative holdings to a record 601,550 BTC.
This acquisition makes Strategy the first publicly-traded company to hold over 600,000 BTC, representing approximately 2.86% of the total Bitcoin supply (21 million coins). At prevailing prices, the company’s Bitcoin reserves are valued north of $70 billion.
The purchase occurred between July 7 and July 13. As required, the transaction was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on July 14, stating an average price of $111,827 per Bitcoin.
Funding Sources
Strategy sourced the Bitcoin purchase from proceeds generated by its ongoing capital-raising initiatives. Key sources included:
- Approximately $330.9 million from the sale of Class A common stock (MSTR)
- Approximately $71.1 million from STRK preferred shares
- Approximately $55.3 million from STRF preferred shares
- Approximately $15 million from STRD preferred shares
This funding contributes to Strategy’s broader plan, including its “42/42” goal to raise $84 billion in equity and convertible debt by 2027.
Investor Reaction & Market Context
This marks the first Bitcoin purchase by Strategy in roughly two weeks, as the company maintained a more reserved approach during its Q2 2025 financial release earlier in July. Prior to this, Bitcoin acquisitions had been limited.
Investors responded positively. Trading in Strategy’s stock (MSTR) climbed more than 3% following the news, closing at $451 per share compared to $434 the previous week.
Michael Saylor’s persistent advocacy for Bitcoin underscores the公司将’s strategic positioning. His views resonate within the market despite investor concerns about valuation.
Michael Saylor, Strategy’s CEO, has not held back in his praise for Bitcoin recently. As the cryptocurrency surpassed $119,000, he shared a quote from a past interview:
“It’s going up forever, Laura.”
The quote reinforced Saylor’s long-standing stance, guiding Strategy’s aggressive Bitcoin accumulation strategy. With an average acquisition cost under $70,000 across all purchases, the company stands to have recorded substantial paper gains already.
This latest milestone is part of a broader increase. This year alone, Strategy has accumulated over 155,000 BTC, marking a significant expansion of its digital asset portfolio.
Saylor and Strategy continue to see significant upside potential, driving their forward-looking acquisition strategy despite reservations expressed by some investors.
