Saylor's Strategy: 8 Weeks of Bitcoin Buying
Saylor's Strategy Continues Bitcoin Buying Spree
Michael Saylor's Strategy firm announced another significant Bitcoin purchase on Monday, marking its eighth consecutive week of acquisitions. The company added 705 BTC, totaling approximately $75 million. This brings Strategy's total Bitcoin holdings to a staggering 580,955 BTC, valued at over $60 billion.
Key Takeaways:
- Massive Holdings: Strategy now holds nearly 3% of Bitcoin's total supply.
- Growing Institutional Interest: Over 70 entities currently hold Bitcoin on their balance sheets.
The latest purchase, concluded the week ending June 1st, saw an average acquisition price of $106,495 per Bitcoin. With Bitcoin currently trading above $104,000, Strategy's unrealized gains have surpassed $20 billion.
Despite this bullish activity, Bitcoin's price experienced a 4% drop in the past week, according to TradingView data. This dip follows a recent all-time high of around $112,000, attributed to market factors such as stalled US-China trade talks and proposed tariff increases.
Saylor hinted at this buying opportunity prior to the announcement, posting about Strategy's Bitcoin portfolio and stating "Orange is my preferred color." This now-familiar social media strategy signals upcoming purchases.
"We’ll keep buying Bitcoin," Saylor stated in a CNBC interview at Bitcoin 2025. "We think it will get exponentially harder to buy Bitcoin, but we will work exponentially more efficiently to buy Bitcoin."
This continued Bitcoin accumulation by Strategy is driving increased institutional adoption. Notable additions to the list of Bitcoin-holding entities include Tether-backed Twenty One, Trump Media, and GameStop. While the announcement of Bitcoin strategies by Trump Media and GameStop initially resulted in 20% and 17% share price declines respectively, Saylor views these as short-term fluctuations. He highlights Bitcoin's long-term popularity as an asset for corporate balance sheets.
"These are short-term dynamics. Over the long term, Bitcoin on the balance sheet has proven to be extraordinarily popular," Saylor told CNBC.
Despite market volatility, Strategy's stock (MSTR) has shown impressive growth, exceeding 27% year-to-date and outperforming parts of the S&P 500. While MSTR experienced a minor dip in pre-market trading following the announcement, the overall trend remains positive.
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