Michael Saylor’s Strategy Continues Bitcoin Accumulation Spree as BTC Smashes
Key Takeaways
- Strategy has acquired an additional 4225 Bitcoins for $472.5 million.
- Its 601,550 BTC portfolio carries an unrealized profit of over $29 billion
- Bitcoin is increasingly being adopted as a reserve asset by major corporations and governments.
Bitcoin’s (BTC) push above $120,000 has done little to deter the world’s most ambitious BTC investment firm, Michael Saylor’s Strategy, from bullishly buying up BTC despite all-time-high prices.
Now, after spending almost $500 million on BTC, Strategy’s portfolio is worth over $72 billion.
The Bitcoin Strategy
As per a recent filing , Strategy has purchased 4225 BTC at an average of $111,827 per token. The purchase, which amounted to $472.5 million, is currently in profit with BTC trading above $121,000.
The firm’s portfolio now includes 601,550 BTC and is worth $72.72 billion , placing it squarely as the world’s top corporate BTC holder.
Now costing an average of $71,290 per BTC, Strategy’s gigantic BTC portfolio has a sizeable unrealized profit of $29.83 billion.
Amid Bitcoin’s rally, the firm’s stock, MSTR, has relished a 7.77% increase over the past 5 days, and is up over 44% year-to-date.
The move was largely funded by the firm’s massive at-the-market (ATM) equity launch, which offered up to $4.2 billion in 10% Series A Perpetual Stride Preferred Stock (STRD)
Heavy Competition
Strategy’s holdings almost put it on par with another U.S. giant, BlackRock, which commands $84.2 billion in net assets under its iShares Bitcoin Trust (IBIT), the world’s largest spot Bitcoin exchange-traded fund (ETF).
U.S. corporate dominance is bolstered by Donald Trump’s decision to officially establish a Strategic Bitcoin Reserve, which is now comprised of the 198,012 BTC worth over $24 billion it has gathered from criminal seizures.
Saylor’s feverish approach to BTC investing has caused a cascade of firms, both crypto-native and traditional, to pursue Bitcoin as a reserve asset.
The most recent success is Japan’s Metaplanet, which has aggressively pursued BTC since turning to a ‘Bitcoin-first’ company in April 2024.
Similarly, Metaplanet’s BTC pivot has yielded incredible results for its once-floundering stock price, which in the past year has risen 1,427.45%.
Evidently, some of the wealthiest entities in the world are recognizing BTC’s potential as a long-term store of value.
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