Here’s a concise summary of Michael Saylor’s BTC purchases via his company, now named Strategy (formerly MicroStrategy):
📦 Total Holdings & Acquisition Strategy
Current Bitcoin stash: ~582,000 BTC (~US $61–63 billion)
Average cost: ~$66,000–69,000 per BTC, with MicroStrategy/Strategy deploying both cash and debt/equity instruments
Funding model: Using zero-coupon convertible debt, preferred stock, and common equity raises to fuel buys
This positions the company as the largest publicly listed Bitcoin treasury, representing ~2–3% of total BTC in circulation .
⏳ Recent & Notable Buys
1. Jun 9: +1,045 BTC (~US $110 million), lifting total to ~582,000 BTC
2. May 26–30: +705 BTC (~US $75 million) at ~$106,500/BTC
3. Early May: +1,895 BTC (~US $180 million avg ~$95k) and a separate +4,020 BTC (~US $427 million avg $106k), taking total to ~580,250 BTC
4. April 14–20: +6,556 BTC (~US $555.8 million avg ~$84,800), raising the stash to ~538,200 BTC
🎯 Why Saylor Keeps Buying
Hedge vs fiat devaluation: A long-term belief in BTC as an inflation-resistant store-of-value
Leverage play: Debt/equity-financed purchases enable more BTC accumulation, driving higher volatility—and stock leverage
Investor signal: Public announcements serve to reinforce market confidence and encourage follow-on purchases
📌 Key Takeaways
Relentless accumulation: Strategy has been steadily buying since 2020—now with massive, consistent buys during Q1-Q2 2025.
Capital-intensive model: All purchases are funded through financial maneuvers—not operational revenue.
Bitcoin proxy status: Holding Strategy (MSTR) is effectively a leveraged BTC play—but investors should be wary of dilution and drawdowns.
