Michael Saylor’s MicroStrategy Buys 155 More BTC for $18M, Nearing 3% of Bitcoin’s Total Supply

Michael Saylor’s long-running Bitcoin accumulation strategy is showing no signs of slowing. MicroStrategy, the business intelligence firm he co-founded, has announced the purchase of 155 more BTC for about 18 million US dollars. 

The latest acquisition, made between August 4 and August 10 at an average price of 116,401 US dollars per bitcoin, brings the company’s total MicroStrategy BTC holdings to an unprecedented 628,946 BTC. 

This amount is close to 3% of Bitcoin’s fixed 21 million supply, reinforcing the company’s position as the largest corporate holder of the cryptocurrency.

MicroStrategy’s Latest BTC Purchase

According to an SEC filing, the acquisition was funded through proceeds from the sale of its perpetual Strife preferred stock (STRF) and Stretch preferred stock (STRC). 

The company sold over 115,000 STRF shares last week for roughly 13.6 million US dollars, with additional purchases covered by funds from its earlier 4.2 billion US dollar STRC offering. STRF offers a fixed 10% cumulative dividend, while STRC has a variable rate starting at 9% annually.

With this latest 155 BTC purchase, MicroStrategy’s total Bitcoin stash is now worth around 76 billion US dollars at current market prices. 

On paper, this represents an unrealized gain of roughly 30 billion US dollars compared to the company’s total acquisition cost of about 46.1 billion US dollars, which includes fees and expenses.

Read also: Bitcoin Passes $121,000! Will This Week Become Bullish Because of Trump?

A Five-year Accumulation Journey

This month marks exactly five years since Saylor first moved MicroStrategy into Bitcoin in 2020. Since then, the firm has steadily built its BTC accumulation through equity offerings, convertible notes, and preferred stock programs. 

Its “42/42” plan, now expanded to an “84/84” target, aims to raise 84 billion US dollars for continued BTC institutional buying through 2027.

In the second quarter of 2025, MicroStrategy reported a record net income of 10 billion US dollars, with operating income up over 7,000% year-over-year. 

The surge was largely driven by a 14 billion US dollar unrealized gain on its Bitcoin holdings, aided by new fair value accounting rules for digital assets.

Read also: Why the BTC Rally Didn’t Propel Bitcoin Cash: Network Challenges and a Bearish Outlook

MicroStrategy in The Corporate Bitcoin Race

Data from Bitcoin Treasuries shows MicroStrategy far ahead of other major Bitcoin whale companies. The next largest holders include Marathon Digital (50,639 BTC), Tether-backed Twenty One (43,514 BTC), and Riot Platforms (19,239 BTC). 

In total, 151 public companies have adopted a Bitcoin acquisition model, but none match the scale of MicroStrategy Bitcoin 2025 holdings.

Despite concerns from some investors about the company’s premium-to-NAV valuation and multiple acquisition programs, analysts generally view MicroStrategy’s capital structure as sustainable. 

The firm carries relatively low debt and has no significant repayment obligations until 2028, giving it room to continue expanding its Bitcoin position.

Read also: UK Treasury Plans to Sell $7 Billion in Seized Bitcoin

Saylor’s Unwavering Strategy

Saylor remains vocal about his commitment to Bitcoin. Over the weekend, he hinted at another purchase in the near future, stating, “If you don’t stop buying Bitcoin, you won’t stop making money.” 

His confidence is based on a capital structure designed to withstand extreme market downturns, even a sustained 90% drop in Bitcoin’s price, although he acknowledges shareholders would still face losses in such a scenario.

At the close of last week, MicroStrategy shares (MSTR) ended at 395.13 US dollars, down 1.7%, even as Bitcoin rose 6% over the week. 

Pre-market trading on Monday showed MSTR up 4.8%, with the stock now 31.7% higher year-to-date compared to Bitcoin’s 24.4% gain.

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FAQ

How much Bitcoin does MicroStrategy have?

As of mid-2025, MicroStrategy holds over 600,000 BTC. This makes them the largest corporate owner of Bitcoin and shows their strong belief in its long-term value.

Has MicroStrategy ever sold Bitcoin?

Yes, MicroStrategy has sold Bitcoin before. They sold 704 BTC in December 2022 when the price was around $17,800. However, they've since continued to buy more. For example, between March and April 2023, they bought another 6,455 BTC.

How much profit did MicroStrategy make on Bitcoin?

MicroStrategy reported a profit of $9.97 billion for the second quarter, which ended on June 30. This is a significant turnaround from the previous year, when they reported a loss of $102.6 million. The profit is a result of the increase in the value of their Bitcoin holdings.

Who owns 1% of all Bitcoin?

MicroStrategy currently owns 1% of all Bitcoin that has been mined so far. Their latest purchase brings their total holdings to 214,246 BTC out of the 19.7 million that exist.

How does MicroStrategy buy Bitcoin?

MicroStrategy's strategy is to consistently raise money from investors by selling shares or bonds. They then use that money to buy more Bitcoin. This is a key part of their business model, as their stock often trades at a higher value than their Bitcoin holdings.