#SaylorBTCPurchase

**Michael Saylor Doubles Down on Bitcoin as Strategy Increases Holdings**

Michael Saylor’s firm, Strategy (formerly MicroStrategy), has once again made headlines by doubling down on its Bitcoin investment strategy. As of April 2025, the company holds a staggering 553,555 bitcoins, valued at approximately \$37.9 billion. This represents about 2.64% of Bitcoin’s total supply, purchased at an average price of \$68,459 per coin.

In a bold move to further expand its crypto treasury, Strategy announced plans to raise up to \$84 billion—split between \$42 billion in equity and \$42 billion in debt—to fund additional Bitcoin purchases. This follows a recent \$21 billion equity offering, reaffirming the company’s aggressive strategy to position itself as the leading institutional holder of Bitcoin.

However, the approach comes with financial challenges. Strategy reported a net loss of \$4.22 billion for the first quarter of 2025—its fifth consecutive quarterly loss—primarily due to the new fair value accounting rules that require companies to reflect unrealized losses on crypto holdings. Despite holding over half a million bitcoins, the company ended Q1 with just \$60.3 million in cash, raising concerns about liquidity and its ability to manage a \$1 billion convertible bond maturing in 2028.

Saylor remains undeterred. He continues to advocate for Bitcoin as the ultimate store of value and views Strategy as a vehicle for traditional investors to gain exposure to Bitcoin without directly holding the asset. While some critics warn of the risks associated with such a concentrated strategy, supporters view it as a visionary bet on the future of digital money.