Strategy Acquires 21,021 Bitcoin in $2.46 Billion Purchase, Total Holdings Reach 628,791 Tokens

Strategy, a software company led by Michael Saylor, has acquired $2.46 billion worth of Bitcoin, bringing its total holdings to 628,791 tokens. This is the third-largest purchase by dollar amount since the company began acquiring Bitcoin five years ago. Strategy is now the largest corporate Bitcoin holder, with an average price of $117,526 per token. Saylor has employed a mix of share sales and debt instruments to fund these purchases, committing to protecting shareholder value.

Michael Saylor's software company, Strategy, has made a significant move in the cryptocurrency market. The company acquired $2.46 billion worth of Bitcoin, bringing its total holdings to 628,791 tokens. This is the third-largest purchase by dollar amount since the company began accumulating Bitcoin five years ago. The acquisition was made at an average price of $117,526 per token, highlighting the company's commitment to long-term investment in the digital asset.

The purchase, which took place between July 28 and August 3, 2025, is part of a broader strategy by Saylor to position Bitcoin as a strategic reserve asset. The company has been steadily increasing its Bitcoin holdings, which now represent a significant portion of its total assets. This approach has not only driven the company's stock price up by more than 3,000% since its first Bitcoin purchase in 2020 but has also influenced other firms to explore similar strategies.

To fund these purchases, Saylor has employed a mix of share sales and debt instruments. The company has issued multiple types of securities, including its latest preferred stock offering, dubbed Stretch, in late July. The company reported an unrealized gain of $14 billion in the second quarter, driven by a rebound in Bitcoin's price and a recent accounting change that required the company to revalue its Bitcoin holdings.

Saylor's approach has drawn both praise and criticism. While some investors appreciate the company's strategic vision and the potential of Bitcoin as a hedge against macroeconomic uncertainty, others have raised concerns about the premium of Bitcoin's value over the firm's share price and the frequency of new security offerings.

Despite these criticisms, MicroStrategy's stock has continued to surge, outpacing major indices like the S&P 500 and Nasdaq 100. The company's latest acquisition underscores its ability to execute large, strategic purchases when market conditions align, positioning it as a key player in the institutional adoption of Bitcoin.

As Bitcoin's institutional ownership continues to rise, the role of firms like MicroStrategy in shaping market dynamics is becoming more pronounced. The impact of these large-scale holdings on supply, demand, and price volatility remains to be seen, but Saylor's strategy remains focused on long-term value creation and the digital asset's potential as a global financial cornerstone.

References:
[1] https://www.bloomberg.com/news/articles/2025-08-04/saylor-s-strategy-makes-third-largest-bitcoin-purchase-ever
[2] https://www.ainvest.com/news/bitcoin-news-today-microstrategy-buys-21-021-bitcoin-2-46-billion-largest-purchase-2508/
[3] https://www.ainvest.com/news/bitcoin-news-today-michael-saylor-2-46-billion-bitcoin-buy-pushes-corporate-adoption-2508/