Michael Saylor, the man who bet big on Bitcoin, did it again. Strategy, formerly known as MicroStrategy, just scooped up another 3,459 bitcoins for around $286 million – that’s roughly $82,618 a pop. It’s a move that’s becoming almost…routine. But routine doesn’t mean small. This latest purchase bumps their total holdings to a staggering 531,644 BTC. That’s more than 2.5% of all bitcoin ever created. Think of it as owning a pretty sizable chunk of digital gold.
- Strategy, led by Michael Saylor, continues its aggressive Bitcoin acquisition strategy, now holding over 531,000 BTC. This represents a significant portion of the total Bitcoin supply.
- The company funds these purchases by selling its own stock, a strategy that some analysts view with cautious optimism due to manageable debt. Despite unrealized losses, Strategy remains committed to its long-term Bitcoin investment.
- Analysts predict Strategy’s Bitcoin holdings could double by 2033, reflecting a belief in the company’s vision and the potential for future gains. The stock price has shown resilience, indicating continued investor confidence.
The price tag for the whole hoard? Over $45 billion. And the average price they’ve paid per bitcoin? A cool $67,556. It’s a long game, this one. Strategy isn’t just buying and holding; they’re *believing*. They’re betting that bitcoin will continue to appreciate, and so far, that bet hasn’t looked terrible. Though, Q1 threw a bit of a curveball. Bitcoin had its worst quarter since 2018, dropping nearly 12%. Still, Strategy’s market cap remains significantly higher than the actual value of the bitcoin they hold, which raises eyebrows among some investors. Is it justified? That’s the question.
Funding the Bitcoin Habit
So, how does a company keep buying this much bitcoin? By selling stock, naturally. Last week, Strategy sold nearly a million shares of its class A common stock (MSTR) for about $285.7 million. It’s a bit like raiding the piggy bank to fund a bigger obsession. They still have over $2 billion worth of MSTR shares they can sell, and a whole lot more of their preferred stock (STRK) available too. It’s a complex financial dance, but the goal is simple: more bitcoin. They’ve even got a “21/21 plan” aiming to raise a whopping $42 billion for bitcoin acquisitions. Ambitious, to say the least.
Saylor, ever the showman, even hinted at this purchase beforehand with a cryptic tweet: “No tariffs on orange dots.” It’s a little inside joke for the bitcoin faithful. A playful nudge that they were about to add to their stack. And they did. But it wasn’t all sunshine and roses. Strategy reported nearly $6 billion in unrealized losses in Q1. Spending $7.66 billion to acquire 80,715 BTC at an average of $94,922 doesn’t look so smart when the price dips. But Saylor and Strategy seem unfazed. They’re in it for the long haul.
Analysts at Bernstein, however, are cautiously optimistic. They point out that Strategy’s debt is manageable, with no payments due until 2028. They even predict the company’s bitcoin holdings could *double* to over a million BTC by 2033. That’s a bold prediction, but it shows that some believe in Strategy’s vision. The stock, MSTR, closed up 10.2% on Friday, a nice bounce after a turbulent week. It’s currently up in pre-market trading on Monday, too. Though, after a massive 568% gain in 2024, 2025 has been a bit more…restrained.
No tariffs on orange dots. 🟠
https://twitter.com/saylor/status/1911752108862251160
It’s a strange world, this crypto world. A company using its stock to buy a digital asset, reporting billions in unrealized losses, and yet, still attracting believers. It’s a high-risk, high-reward game. And Michael Saylor, with Strategy at his side, is playing it with a conviction that’s hard to ignore. Whether it’s genius or madness remains to be seen. But it’s certainly interesting to watch.
