Michael Saylor Hints That He May Buy BTC Again
Michael Saylor (the founder of Strategy) indicates that the firm would buy more Bitcoin (BTC) in the market soon; this would mark the 12th week of buying BTC. With already over 592,000 Bitcoin on the books, worth more than $64 billion, Strategy is closing in on the major milestone of 600,000 BTC.
On June 23, the company bought another 245 BTC for $26 million. As a result of this latest transaction, the total unrealized gains of Strategy stood at a whopping $21.8 billion. Recently, Saylor was on fire. He posted to his 4.4 million X (formerly Twitter) followers, “In 21 years, you’ll wish you’d bought more.” This is a clear reference to Strategy’s next purchase of BTC.
Strategy’s Bold Bet on Bitcoin
The company, Strategy, is now the largest known corporate holder of Bitcoin, surpassing the combined total of the next 20 corporate treasury firms. As analysts speculate about a possible BTC supply shock, accumulation continues that could affect price momentum over the next few months.
However, not everyone is cheering. Some market watchers may not believe that Strategy’s approach can work for too long—particularly its use of debt and equity to fund purchases. Jim Chanos and Cliff Asness—two high-profile critics—have questioned the firm’s ability to meet its obligations in a market downturn.
Despite the Warnings, Strategy Remains Steadfast
Saylor’s firm has survived bear markets before, unlike younger players that attempt to imitate him. A report from venture capital firm Breed said Strategy is big, disciplined and has bear market experience, which gives it a much better chance of survival than new entrants.
Industry Impact and Institutional Ripple Effects
Saylor’s buying spree is paving the way for a new wave of institutional adoption. An additional nine corporate players have joined the BTC treasury in one week. The prediction made in Strategy is widely believed to make the influence of the author quite significant. Also, the author of Strategy Bitcoin will see 600 companies own Bitcoin in less than a year.
Saylor has been consistently buying BTC for his company regardless of price, a dollar-cost averaging strategy, which can serve as a model for companies looking for a hedge against inflation and the volatility of fiat.
The company’s market cap is now more than $107 billion, with investors overwhelmingly bullish. Strategy is expected to join the S&P 500 by the end of Q2 2025 by many analysts. This will place Strategy on Wall Street as well.
What’s the Future of 600K BTC?
With less than 8000 BTC remaining to reach 600K, another purchase may soon occur. As regulations get clearer and banks become more interested in cryptocurrencies, Strategy is being vindicated for its early and aggressive moves.
Michael Saylor isn’t just investing in Bitcoin; he is changing how companies view it. Although its potential danger is obvious, there is no denying the power of the plan. As institutional crypto adoption picked up speed, Strategy became the face of it. And that’s not stopping.
