Strategy Buys 245 BTC for $26M Extending 11-Week Buying Spree

Michael Saylor, the executive chairman of Strategy, has indicated that the company is poised to make another Bitcoin purchase, marking the 11th consecutive week of acquisitions. This sustained buying spree began on April 14 and has solidified Strategy's standing as a major player in the Bitcoin market. Saylor's recent tweet to his 4.4 million followers on X emphasized the long-term potential of Bitcoin, stating, "In 21 years, you'll wish you'd bought more."

Strategy's most recent Bitcoin acquisition occurred on June 23, when the company purchased 245 BTC for $26 million. This acquisition brought Strategy's total holdings to 592,345 BTC, valued at over $63.6 billion. This makes Strategy the largest known corporate Bitcoin holder in the world, surpassing the combined holdings of the top 20 competing public Bitcoin treasury companies.

Analysts are divided on the potential impact of Strategy's rapid accumulation of Bitcoin. Some speculate that this could trigger a supply shock, driving BTC prices higher. However, concerns have been raised about the sustainability of the corporate Bitcoin treasury model, particularly for companies that finance BTC acquisitions with debt and equity. This model could potentially lead to the next Bitcoin bear market, according to some market participants.

Strategy's resilience and strategic approach to Bitcoin investment have been highlighted by a recent report from a venture capital firm. The report suggests that only a handful of Bitcoin treasury companies will survive once the price of Bitcoin drops. Strategy, with its significant size, substantial BTC holdings, and experience weathering previous bear markets, is positioned to survive the next major market downturn. The report also notes that Strategy's disciplined approach to accumulating Bitcoin, even through bear markets, will be a key behavior of successful BTC treasury companies.

Market analyst Jeff Walton has predicted that Strategy has a 91% chance of joining the S&P 500, a stock index of the 500 largest companies listed on the US stock market, in Q2 2025. This prediction underscores the growing recognition of Strategy's influence and potential within the broader financial landscape. Saylor's long-term vision for Bitcoin, coupled with the company's strategic approach to investment, positions Strategy as a key player in the market. However, the market's response to Saylor's signals remains mixed, and external factors could impact Bitcoin's price trajectory in the near future.