Despite Bitcoin reaching new all-time highs, MicroStrategy is doubling down. The business intelligence giant has added another 4,225 $BTC to its already massive holdings, reaffirming its aggressive Bitcoin accumulation strategy.
Latest Acquisition: 4,225 BTC at $111,827 Each
MicroStrategy Chairman Michael Saylor revealed in a recent X (formerly Twitter) post that the company purchased 4,225 BTC between July 7 and July 13. According to an SEC filing, the total cost was approximately $472.5 million, at an average price of $111,827 per Bitcoin.
Even as BTC pushed to new highs during this period, the firm didn’t hesitate to buy. Saylor has previously expressed his strong pro-Bitcoin stance, famously stating: "If you hate money, short Bitcoin."
MicroStrategy's Bitcoin Stash Grows to 601,550 BTC
With this latest acquisition, MicroStrategy’s total Bitcoin holdings have reached 601,550 BTC, accumulated at a total investment of $42.87 billion. At current market prices, this stack is worth approximately $72.25 billion, representing a 68.5% gain on their cumulative investment.
Metaplanet Joins the Accumulation Game
Meanwhile, Metaplanet—a newer Bitcoin treasury firm—has also been growing its reserves. CEO Simon Gerovich announced the firm now holds 16,352 BTC, with a total of 797 BTC added recently. Unlike MicroStrategy, Metaplanet’s average cost per BTC stands at $100,191.
Whale Behavior: Accumulation Trends in Focus
On-chain data continues to reveal shifting investor behavior. The "Accumulation Trend Score," which measures whether market participants are accumulating or distributing BTC, shows contrasting patterns:
Wallets holding 1,000 to 10,000 BTC (whales) have a score near 1.0, indicating strong accumulation.
In contrast, "super whales" with over 10,000 BTC are showing a score of 0.3, implying net distribution.
While smaller whales are buying aggressively, the biggest holders seem to be taking profits.