#StrategyBTCPurchase Michael Saylor's strategy has increased his investment in Bitcoin by more than 52%, representing an unrealized capital gain of over $21.8 billion. The co-founder of Strategy, Michael Saylor, noted the company's eleventh consecutive week of Bitcoin purchases, a streak that began on April 14.
"In 21 years, you'll wish you had bought more," Saylor wrote to his 4.4 million followers on X. The co-founder of Strategy has gained approximately 1 million followers on the social media platform over the past year.
The company's most recent Bitcoin acquisition occurred on June 23, when Strategy purchased 245 BTC for $26 million, raising its total holdings to 592,345 BTC, valued at over $63.6 billion.
Bitcoin price, MicroStrategy, Michael Saylor
Summary of Strategy's Bitcoin investments. Source: SaylorTracker
Strategy's Bitcoin treasury makes it the largest company holding BTC in the world. Saylor's firm owns more than double the BTC of the top 20 publicly traded Bitcoin treasury companies combined, according to BitcoinTreasuries.
Analysts continue to debate whether the company's rapid accumulation of Bitcoin will trigger a supply shock, driving BTC prices upward.
Other market participants have expressed concern about the sustainability of the corporate treasury model of Bitcoin employed by companies mimicking Strategy that finance BTC acquisitions with debt and equity, an issue that could be the source of the next Bitcoin bear market.#NODEBinanceTGE $BTC $ETH
