Michael Saylor’s Strategy, formerly known as MicroStrategy, has once again expanded its Bitcoin holdings, acquiring an additional 6,556 BTC for approximately $555.8 million between April 14 and April 20, 2025. This purchase, disclosed in a recent Form 8-K filing with the U.S. Securities and Exchange Commission, brings the company’s total Bitcoin holdings to 538,200 BTC, acquired at an aggregate cost of $36.5 billion, averaging $67,766 per BTC. citeturn0search6
Aggressive Accumulation Strategy
Strategy’s latest acquisition was funded through proceeds from its Common ATM and STRK ATM stock offerings, which included the sale of 1,755,000 common shares for $547.7 million and 91,213 shares of Series A preferred stock for $7.8 million. citeturn0search6
This move follows a previous purchase of 3,459 BTC reported on April 14, marking a consistent pattern of aggressive accumulation. Notably, Strategy had a brief pause in acquisitions between March 31 and April 6, during which Bitcoin’s price dipped below $87,000. Despite market fluctuations, the company has acquired 91,800 BTC so far in 2025, representing 17% of its total holdings.
Institutional and Retail Exposure
Michael Saylor has highlighted the growing institutional interest in Strategy, noting that at least 13 institutional investors now hold MSTR shares directly. Additionally, public data from the first quarter of 2025 indicates that 814,000 retail accounts have direct exposure to MSTR, with another 55 million beneficiaries indirectly exposed through mutual funds, pensions, insurance portfolios, and exchange-traded funds.
Market Performance and Outlook
MSTR shares have experienced significant volatility, peaking above $420 amid optimism following Donald Trump’s presidential win in November 2024. As of the latest data, MSTR is trading at $314, reflecting a 4% increase year-to-date. citeturn0search6
Strategy’s aggressive Bitcoin acquisition strategy underscores its commitment to the cryptocurrency as a core asset. However, this approach carries inherent risks, particularly given the volatile nature of the crypto market. Investors and analysts alike will be closely monitoring how these substantial holdings impact the company’s financial performance in the coming quarters.
