MicroStrategy co-founder Michael Saylor hints at another Bitcoin purchase, marking the company's 11th consecutive week of acquisitions . MicroStrategy was recently rebranded to Strategy .
In an X post, Saylor shared the Strategy's portfolio tracker, revealing the company's Bitcoin holdings, buying streak, and a caption urging followers to accumulate the flagship cryptocurrency . According to the tracker, Strategy holds 592,345 BTC, valued at $64.28 billion at current prices, just 7,655 shy of the 600,000 mark .
The company has reported ongoing Bitcoin purchases for 11 straight weeks, with indications of future moves soon . The company's total Bitcoin assets might reach the threshold of 600,000 units . The latest information shared by Saylor hints at preparations for new acquisitions .
Saylor has long advocated for Bitcoin as a strategic reserve asset . He suggested that the U.S. Treasury convert its gold reserves to Bitcoin to strengthen the dollar and neutralize national debt . In December 2024, Saylor proposed a regulatory framework emphasizing an $81 trillion Bitcoin reserve, aiming to expand digital asset markets to a $280 trillion valuation .
Strategy has adopted Bitcoin as its primary reserve asset . It began with an initial $250 million purchase of 21,454 BTC in August 2020 and was soon followed by additional large purchases, funded through a mix of internal cash flows and external financing . The company accumulated BTC throughout the years . Its most ambitious plan announcement came in October 2024, dubbed the 21/21 Plan, with the aim to raise a total of $42 billion ($21 billion via equity and $21 billion via debt) to accumulate additional Bitcoin worth this amount by 2027 .
Strategy owns almost 3% of all bitcoin mined, financed largely with convertible notes . The company holds over 580K BTC (currently valued at over $63.52 billion) at an average cost basis of just over $69K per BTC held .
Saylor expects the price of Bitcoin to rise at a 30% annual rate during the next 20 years, bringing its price into the ballpark of $13 million per coin .