Strategy Plans Bitcoin Acquisition, Targets 600,000 BTC

Generated by AI AgentCoin World
Monday, May 5, 2025 11:31 pm ET1min read
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Strategy, led by its chairman Michael Saylor, has indicated a potential new Bitcoin acquisition through a recent social media post. The company currently possesses 553,555 BTC, valued at over $52.8 billion, which constitutes more than 2% of the total circulating supply of Bitcoin. Saylor's post on X included a screenshot of Strategy’s Bitcoin portfolio tracker with the caption “Too much blue, not enough

orange
,” implying that the firm may soon increase its Bitcoin holdings. The orange dots on the tracker signify instances of Strategy buying Bitcoin, and similar posts in the past have often preceded Bitcoin acquisitions, typically announced on Mondays.

Strategy's aggressive accumulation strategy is evident in its recent acquisition of 15,355 BTC for approximately $1.42 billion at an average price of $92,737 per coin. The company has also reported a “BTC Yield” of 11% in the first quarter of 2025, raising its year-end target to 25%. BTC Yield measures the growth in Bitcoin ownership per share of company stock and reflects how effectively Strategy converts investor capital into digital asset holdings.

To support its ongoing buying streak, Strategy has doubled its capital-raising target to $84 billion. The firm plans to raise $42 billion through equity sales and fixed-income securities, with the funds directed toward acquiring more Bitcoin. This expanded war chest has increased speculation that Strategy’s next purchase could be its largest yet, potentially pushing total holdings closer to 600,000 BTC, a symbolic milestone.

Saylor has consistently stated that price will not deter his strategy, famously saying he will “forever buy the top.” This approach suggests that further Bitcoin purchases remain likely, regardless of market conditions. If the firm executes another large buy, it may surpass traditional financial giants in the race to 1 million BTC. Meanwhile, the company's next purchase could renew bullish sentiment and drive upward momentum toward the $100,000 mark for Bitcoin.