Strategy has acquired 597,325 BTC, positioning itself just short of the 600,000 milestone with another potential purchase pending.
A new acquisition would break Strategy’s previous 12-week Bitcoin buying streak, establishing a new record at 13 consecutive weeks.
Corporate Bitcoin adoption is surging, with 18 companies adding 8,400 BTC to their portfolios last week, strengthening market confidence.
Michael Saylor’s company, Strategy, is on the brink of reaching 600,000 Bitcoin in its reserves following its latest acquisition. The company’s Bitcoin wallet now reflects a total of 597,325 BTC, valued at over $64.5 billion at current market rates. This marks Strategy’s twelfth consecutive week of Bitcoin purchases, a pattern that previously ended in early 2025.
Last week, Strategy added 4,980 BTC to its balance sheet in a transaction worth $531 million. If a new purchase occurs this week, it would establish a new streak of 13 consecutive weekly acquisitions. The company needs just 2,675 BTC more to reach the 600,000 BTC benchmark. Only BlackRock’s IBIT ETF holds more than Strategy’s current total.
Saylor Signals Possibility Without Confirming Intent
Although Michael Saylor has historically signaled upcoming purchases by sharing the company’s portfolio, his latest post carried a more ambiguous tone. In a message shared on social media platform X, he wrote, “Some weeks you just need to HODL,” leading to uncertainty over the company’s next move.
https://twitter.com/saylor/status/1941833235845034478
Despite the uncertainty surrounding Strategy’s next purchase, corporate adoption of Bitcoin is rising. Eighteen companies collectively added 8,400 BTC to their reserves last week. Alongside Strategy, the design platform Figma contributed significantly to this increase. These additions have pushed Bitcoin’s market momentum, bringing it within 3% of its all-time high of $111,970.
Bitcoin Price Close to All-Time High Amid Market Activity
Bitcoin is currently priced at $108,675, showing strong resilience in the face of broader market volatility. Many investors view Strategy’s acquisitions as a trigger for market rallies. However, the company is currently facing legal scrutiny for allegedly not disclosing unrealized losses from the first quarter of 2025.
While market watchers remain optimistic, the pending class-action lawsuit could impact Strategy’s buying activity. The case centers on Bitcoin-related accounting practices, though no official statement from the company has addressed the matter publicly.
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