Strategy (formerly MicroStrategy) has 597,325 Bitcoin reserves, just 2,675 away from breaking the 600,000 BTC holding mark!
Last week, Strategy again purchased 4,980 BTC for nearly $532 million, marking its 12th consecutive week of continuous buying, bringing its total holdings to 597,325.
The market focus is now on Strategy CEO Michael Saylor to see if he can help his company reach the major milestone of 600,000 BTC this week.
At the same time, many companies are closely watching the Trackker chart posted by Saylor on the X platform, which is often seen as a signal of an upcoming increase in holdings. Whenever Strategy announces the purchase of Bitcoin, it usually leads to an increase in the price of BTC.
Strategy's continued purchases not only strengthen its position as a listed corporate Bitcoin holder, but also drive market sentiment. As of the end of June, 18 companies had accumulated a total of 8,400 BTC, of which Strategy ranked first with nearly 5,000 purchases, followed by interface design software giant Figma, which also became the focus of market attention.
At the same time, the holding value of BlackRock Bitcoin ETF (IBIT) also exceeded 700,000 BTC, showing that institutional investors' desire for BTC is as strong as that of flexible startups.
However, Strategy also faces challenges. The company is defending a class action lawsuit that accuses it of failing to disclose unrealized losses in the first quarter of 2025 and concealing billions of dollars in impairment losses. If it loses the case, it may affect its subsequent fund allocation capabilities.
Currently, the price of Bitcoin is hovering around $108,000, only about 3.5% away from its historical high ($111,960). Market analysis believes that if Strategy announces a new round of holdings, it may push the price to a new high; conversely, profit-taking may lead to a short-term correction.
In general, the 600,000 Bitcoin holding mark is not only a numerical milestone, but also a catalyst for market sentiment.
If Strategy breaks through this mark, it may further strengthen the narrative of Bitcoin as a corporate reserve asset and attract more institutional funds to enter the market. However, in the current context of legal and market uncertainty, investors are waiting with bated breath for Saylor's next move.
