Michael Saylor’s Strategy Nears Historic 500,000 BTC Milestone

Michael Saylor’s Strategy Inches Closer to 500,000 BTC

Michael Saylor’s Strategy, formerly known as MicroStrategy, is on the brink of a historic achievement in the cryptocurrency space. The company is nearing the milestone of holding 500,000 Bitcoin (BTC), solidifying its position as one of the largest corporate holders of the digital asset.

As of February 23, 2025, Strategy holds 499,096 BTC, acquired at a cost of approximately $33.1 billion, with an average purchase price of $66,357 per Bitcoin. The firm is just 904 BTC shy of reaching the 500,000 BTC mark, which would require an additional investment of around $80 million at current Bitcoin prices.

Recent Bitcoin Purchase Boosts Holdings

Strategy recently bolstered its Bitcoin holdings with the purchase of 20,356 BTC for nearly $1.99 billion, funded through the proceeds of a convertible bond sale. This acquisition marks the company’s fifth-largest purchase since it began buying Bitcoin in 2020. Since late October, Strategy has been consistently purchasing Bitcoin, often on a weekly basis, as part of its leveraged Bitcoin strategy.

Saylor’s Bold Bitcoin Bet Pays Off

Michael Saylor’s aggressive Bitcoin accumulation strategy has yielded significant returns. In a recent tweet, Saylor highlighted that last week’s treasury operations resulted in a gain of approximately 12,520 BTC, equivalent to over $1 billion in excess value. This success underscores the company’s commitment to its Bitcoin-focused approach.

Market Context and Bitcoin’s Current Price

Amid ongoing market fluctuations, Bitcoin’s price has experienced volatility, dropping to lows of $82,111 before rebounding to around $86,000. At the time of writing, BTC is trading at $86,026, reflecting a 1.1% decline over the past 24 hours. Despite market uncertainties, Strategy remains steadfast in its Bitcoin accumulation strategy.

Conclusion

With over $47.7 billion invested in Bitcoin, representing more than 2.5% of the total BTC supply, Strategy continues to lead the charge in corporate Bitcoin adoption. As the company approaches the 500,000 BTC milestone, Michael Saylor’s vision and strategy remain a focal point in the cryptocurrency landscape.