Michael Saylor is back at it. The executive chairman of MicroStrategy has once again doubled down on his unwavering belief in Bitcoin, announcing another substantial BTC purchase amid the recent market correction.
According to the company’s official filing, MicroStrategy acquired 11,931 BTC for approximately $786 million, at an average price of $65,900 per Bitcoin. This latest move boosts the company’s total Bitcoin holdings to a staggering 226,331 BTC, acquired at an average price of $31,545 per coin.
This purchase comes just days after Bitcoin briefly dipped below $66,000 amid broader macroeconomic concerns, including U.S. inflation worries and global monetary tightening. While some investors hesitated, Saylor and MicroStrategy viewed it as a strategic accumulation point.
MicroStrategy’s aggressive Bitcoin strategy, which began in 2020, has made it the largest publicly traded corporate holder of Bitcoin. The company has used a mix of cash, debt, and equity to fund its purchases—drawing both admiration and criticism from analysts.
Still, the numbers speak volumes: With Bitcoin currently trading near $67,400, MicroStrategy’s holdings are now worth over $15.25 billion, marking billions in unrealized profit.
Market Reactions Mixed
While Bitcoin maximalists cheered the move, calling it a “power play,” others remain cautious about MicroStrategy’s heavy concentration in a single volatile asset. Yet for Saylor, the vision is clear:
Bottom Line
Saylor’s conviction remains unshaken. As traditional institutions still debate Bitcoin’s legitimacy, MicroStrategy is leading by example—buying the dip and stacking sats, one billion-dollar bet at a time.