#SaylorBTCPurchase Michael Saylor, the Executive Chairman of **Strategy** (formerly MicroStrategy), has been a very vocal and active proponent of Bitcoin, making it the company's primary treasury reserve asset. His recent BTC purchases are a continuation of this long-standing strategy. Here's a breakdown of what it's all about:

**Key Aspects of Michael Saylor's Bitcoin Strategy:**

* **Bitcoin as a Treasury Reserve Asset:** Since August 2020, Saylor has spearheaded a strategy of holding Bitcoin as the primary reserve asset for MicroStrategy, viewing it as a superior long-term store of value compared to cash.

* **Aggressive Accumulation:** Strategy has consistently purchased Bitcoin using various methods, including leveraging cash reserves, issuing convertible notes, and selling company stock.

* **"Bitcoin Standard" for Corporations:** Saylor actively advocates for other corporations to adopt Bitcoin as part of their treasury strategy, believing it can enhance shareholder value and serve as a hedge against inflation. He even hosts conferences like "Bitcoin for Corporations" to educate other companies.

* **Long-Term Vision:** Saylor and Strategy maintain a long-term bullish outlook on Bitcoin, emphasizing their intention to hold their Bitcoin for the long haul and not engage in short-term trading.

* **Leveraged Bitcoin Exposure:** By using debt and equity to buy Bitcoin, Strategy's stock (MSTR) has become a leveraged way for investors to gain exposure to Bitcoin's price movements. This can lead to amplified gains during bull markets but also magnified losses during downturns.

* **Unique Financial Strategy:** Strategy has utilized its stock's premium valuation to issue shares and raise capital for further Bitcoin purchases. This has created a unique "Bitcoin yield" metric, representing the increase in Bitcoin per share over time.

**Recent Purchase Context:**

* As of April 16, 2025, Strategy holds a significant amount of Bitcoin, over **531,000 BTC**. This makes them the largest corporate holder of Bitcoin globally.

* Recent purchases, such as the acquisition of **6,911 BTC for approximately $584.1 million** in March 2025, demonstrate the ongoing commitment to this strategy.

* These purchases are often funded through the company's "at-the-market" (ATM) stock sale programs.

* While most purchases have been substantial, there have been smaller acquisitions as well, indicating a consistent accumulation approach.

**Why does Saylor do it?**

* **Inflation Hedge:** Saylor views Bitcoin as a hedge against the devaluation of fiat currencies due to inflation.

* **Superior Asset:** He believes Bitcoin is a technologically superior asset with limited supply and increasing adoption.

* **Maximizing Shareholder Value:** The company argues that its Bitcoin strategy ultimately benefits shareholders by providing exposure to an appreciating asset.

**In summary, Michael Saylor's recent BTC purchases are not isolated events but rather a continuation of MicroStrategy's (now Strategy's) core corporate strategy of accumulating and holding Bitcoin as its primary treasury reserve asset, driven by Saylor's strong conviction in Bitcoin's long-term value proposition.**

Just now Michael Saylor’s Strategy has acquired 6,556 Bitcoin for $555.8 million, bringing total holdings to 538,200 BTC, per the company's latest SEC filing.

Strategy acquired 6,556 Bitcoin for $555.8 million from April 14–20, at an average price of $84,785 per coin, the firm announced in its latest Form 8-K filing with the United States Securities and Exchange Commission.

The latest purchase accounts for 1.2% of Strategy’s total Bitcoin holdings of 538,200 BTC as of April 20, acquired for the aggregate amount of $36.5 billion at an average price of $67,766 per BTC.

An excerpt from Strategy’s Form 8-K filing. Source: Strategy

The latest Bitcoin purchase was funded using proceeds from the Common ATM and STRK ATM stock offerings, including the sale of 1,755,000 Strategy shares for $547.7 million and 91,213 shares of Series A preferred stock sold for $7.8 million.

Strategy expands buying after a pause

The latest purchase follows Strategy’s 3,459 BTC acquisition reported on April 14, which was the first announced purchase by the firm after March 31.

Prior to that, Strategy did not report a Bitcoin buy between March 31 and April 6, breaking its usual cadence as Bitcoin fell below $87,000.

Strategy’s Bitcoin acquisitions in 2025 so far. Source: Strategy

Strategy has acquired 91,800 Bitcoin so far in 2025, accounting for 17% of its total BTC holdings.

Growing institutional exposure

The new announcement came shortly after Saylor highlighted growing institutional exposure to Strategy, with at least 13 institutional investors holding MSTR shares directly.

Citing public data as of the first quarter of 2025, Saylor also mentioned that 814,000 retail accounts have direct exposure to MSTR, with another 55 million beneficiaries having indirect exposure through mutual funds, pensions, insurance portfolios and exchange-traded funds.

MSTR shares have seen a massive rise since 2024, peaking above $420 amid optimism over Donald Trump’s presidential win in November 2025. At the time of writing, MSTR is trading at $314, up around 4% year-to-date, according to TradingView.

On the other hand, the Bitcoin price is seeing a significant drop YTD, down more than 6% and trading at $86,936 at the time of writing, according to data from CoinGecko.