Michael Saylor's Strategy, the world's largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time on Monday . Strategy acquired 6,220 Bitcoin for $739.8 million during the week ending Sunday, July 20, according to a US Securities and Exchange Commission filing on Monday .
Strategy's new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according to CoinGecko . The acquisition has increased Strategy's Bitcoin holdings to 607,770 BTC, purchased for about $43.6 billion at an average price of $71,756 per coin .
Prior to announcing its latest Bitcoin acquisition, Strategy submitted a filing to the SEC on proposed sales of securities last Monday . According to the filing, Strategy's senior executive vice president Wei-Ming Shao sold another 10,900 Strategy (MSTR) shares worth around $4.9 million . The latest sale extended the $25.7 million MSTR sale by the same executive in the previous week .
Tokyo-based Metaplanet has announced plans to acquire 10,000 Bitcoin by the end of 2025, followed by an additional 11,000 Bitcoin through 2026 . The company aims to raise approximately $740 million through share warrants .
Bitcoin's rise defies the current geopolitical and macroeconomic conditions, with the Trump administration having recently enacted high unilateral tariffs that could negatively influence capital markets this week .