Microstrategy Bitcoin Buying Spree Continues as Trading Volume Drops to Second Place

On July 21, 2025, Microstrategy (MSTR) saw a trading volume of $4.278 billion, marking a 48.16% decrease from the previous day. The stock price of MSTR rose by 0.72%.

Microstrategy, led by Michael Saylor, continued to accumulate Bitcoin last week as the cryptocurrency surpassed $122,000 for the first time on July 14. The company acquired 6,220 Bitcoin for approximately $739.8 million, according to a US Securities and Exchange Commission filing. The new purchases were made at an average price of $118,940 per coin, with Bitcoin starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating around $118,000.

This acquisition increased Microstrategy's Bitcoin holdings to 607,770 BTC, purchased for about $43.6 billion at an average price of $71,756 per coin. The company's year-to-date (YTD) Bitcoin yield increased by 0.6%, rising from 20.2% to 20.8%. This yield metric, introduced in August 2024, represents the percentage change in the ratio between its BTC holdings and the company's assumed diluted shares outstanding. In 2024, Microstrategy's BTC yield reached as high as 74.3%.

Prior to announcing its latest Bitcoin acquisition, Microstrategy submitted a filing to the SEC on proposed sales of securities on July 14. According to the filing, senior executive vice president Wei-Ming Shao sold another 10,900 Microstrategy shares worth around $4.9 million. This sale followed a $25.7 million MSTR sale by the same executive in the previous week. The new BTC purchases followed Microstrategy's $472.5 million investment in Bitcoin last week, with the company's BTC holdings exceeding 600,000 Bitcoin. So far in July, Microstrategy has bought 10,455 BTC, compared to 17,075 BTC purchased in June, 26,695 BTC in May and 25,370 BTC in April.