Bitcoin treasury company Strategy (formerly MicroStrategy) has made a significant move in the crypto market, acquiring 4,980 BTC between June 23 and June 29, 2025. The purchase, valued at approximately $531.9 million, was executed at an average price of $106,801 per Bitcoin. This strategic acquisition brings Strategy’s total Bitcoin holdings to 597,325 BTC—worth over $64 billion at current valuations.
The funding for this latest buy came from the sale of its Class A common stock and perpetual preferred shares through at-the-market (ATM) offerings. Strategy raised about $519.5 million by selling 1.35 million MSTR shares last week, with $18.1 billion still available under its existing ATM program as of June 29. Additionally, the company sold 276,071 shares of STRK preferred stock for $28.9 million, with another $28.9 million available for future issuance. A separate $1.9 billion in funding remains accessible through STRF preferred stock sales.
This latest accumulation is part of Strategy’s long-term “42/42” capital plan, aiming to raise up to $84 billion in total equity—split evenly between common and preferred stock programs—to fund ongoing Bitcoin acquisitions via convertible notes through 2027.
Expanding Bitcoin Reserves: A Calculated Move
With an average entry price of $70,982 per Bitcoin, Strategy’s total investment in BTC now stands at roughly $42.4 billion, including fees and associated costs. The company’s current unrealized gain exceeds $21.6 billion, reflecting strong confidence in Bitcoin’s long-term appreciation.
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Holding over 597,000 BTC equates to more than 2.8% of Bitcoin’s total fixed supply—making Strategy one of the largest corporate holders of the asset globally. This level of exposure underscores a bold bet on Bitcoin as a superior store of value compared to traditional monetary assets.
Michael Saylor, Strategy’s co-founder and executive chairman, continues to champion Bitcoin as the cornerstone of modern treasury management. In a recent update shared on social media, Saylor referenced his keynote speech at BTC Prague, reiterating his projection that Bitcoin could reach $21 million per coin by 2046—a timeline aligned with Bitcoin’s final halving cycle and long-term scarcity model.
His message? “21 years from now, you’ll wish you bought more.”
Funding the Bitcoin Accumulation Engine
Strategy has strategically diversified its funding mechanisms beyond common stock offerings. By leveraging both STRK and STRF perpetual preferred stocks—each backed by $21 billion and $2.1 billion ATM programs respectively—the company has built a scalable financial infrastructure designed to sustain continuous Bitcoin purchases without diluting core equity excessively.
This multi-tiered capital strategy allows for flexibility:
- Class A common stock (MSTR): Offers liquidity and market visibility.
- Perpetual preferred shares (STRK/STRF): Provide stable funding with defined dividend structures.
- Convertible notes: Enable debt-like instruments that can be exchanged for equity or cash, often used to finance BTC buys directly.
These instruments collectively support Strategy’s vision of becoming a fully Bitcoin-backed enterprise over time.
Market Reaction and Investor Sentiment
Following the announcement, MSTR stock rose 1.7% in pre-market trading on Monday, continuing a strong year-to-date performance with gains exceeding 28%. Despite a slight dip of 0.7% on Friday to $383.88, investor confidence remains robust amid rising Bitcoin prices—BTC itself gained 5.6% over the same weekly period.
While some analysts question whether MSTR trades at a premium to its net asset value (NAV), Bernstein Research maintains that Strategy’s relatively low debt burden—with maturities not due until 2028—keeps leverage manageable and supports continued accumulation.
The Rise of Corporate Bitcoin Adoption
Strategy is no longer alone in embracing Bitcoin as a treasury reserve asset. According to blockchain data, 134 public companies now hold Bitcoin on their balance sheets. Recent entrants include:
- Semler Scientific
- GameStop
- Trump Media & Technology Group
- Nakamoto Corporation
- KULR Technology
- Metaplanet (Japan)
Notably, Japanese investment firm Metaplanet announced it had acquired an additional 1,005 BTC, bringing its total holdings to 13,350 BTC—a clear signal of growing international institutional interest.
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This trend reflects a broader shift toward digital asset diversification, where forward-thinking organizations are hedging against inflation and currency devaluation by allocating capital to scarce, decentralized assets like Bitcoin.
Core Keywords Integration
Throughout this analysis, key themes emerge that align with search intent around institutional crypto adoption:
- Bitcoin treasury strategy
- MicroStrategy Bitcoin holdings
- Michael Saylor Bitcoin prediction
- Corporate Bitcoin adoption
- BTC price forecast
- Bitcoin investment strategy
- Institutional crypto investing
- Bitcoin accumulation model
These terms naturally appear within context-rich discussions about financial innovation, long-term value storage, and macroeconomic resilience—ensuring strong SEO performance without compromising readability.
Frequently Asked Questions
Q: How much Bitcoin does Strategy currently hold?
A: As of June 29, 2025, Strategy holds 597,325 BTC—the largest corporate holding worldwide.
Q: What is Michael Saylor’s BTC price prediction?
A: Saylor has projected that Bitcoin could reach $21 million per coin by 2046, based on scarcity dynamics and global monetary trends.
Q: How is Strategy funding its Bitcoin purchases?
A: Through a combination of Class A common stock sales and perpetual preferred stock offerings (STRK and STRF), part of its $84 billion “42/42” capital plan.
Q: Is Strategy still buying Bitcoin?
A: Yes. The company continues active accumulation and has signaled potential for further purchases in the near term.
Q: Why do companies invest in Bitcoin?
A: To hedge against inflation, diversify reserves, and capitalize on Bitcoin’s long-term appreciation potential as a scarce digital asset.
Q: Could MSTR stock be overvalued?
A: Some investors see a premium to NAV, but analysts note manageable debt levels and strong fundamentals supporting continued growth.
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Final Thoughts
Strategy’s latest acquisition reaffirms its leadership in corporate Bitcoin adoption. With a disciplined funding model, visionary leadership, and growing market validation, the company continues to set the standard for how institutions can integrate digital assets into long-term financial planning.
As more organizations follow suit—from tech startups to multinational firms—the narrative around Bitcoin evolves from speculative asset to essential reserve component. Whether Saylor’s $21 million forecast materializes or not, one thing is clear: the era of institutional Bitcoin dominance has only just begun.