Strategy Nears 600,000 BTC: 10th Signal from Saylor Sparks Buy Speculation

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has done it again. He’s posted the company’s portfolio tracker...

Written by: Arslan Butt • Sunday, June 15, 2025 • 1 min read

• Last updated: Sunday, June 15, 2025

Quick overview

Michael Saylor's company, Strategy, continues to buy Bitcoin, holding 582,000 BTC worth $61 billion and aiming to surpass 600,000 BTC.
Their dollar-cost averaging strategy has led to consistent purchases, with over $3 billion raised specifically for Bitcoin buying.
Despite outperforming major tech companies, some investors express concerns about the risks associated with increased Bitcoin exposure and insider selling.
Recent capital raises and new financial instruments provide Strategy with the flexibility to maintain their buying spree.

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has done it again. He’s posted the company’s portfolio tracker for the 10th week in a row and everyone is speculating that Strategy is about to buy more Bitcoin.

As of the latest update, Strategy holds 582,000 BTC worth $61 billion at current prices. If the trend continues, they’ll be above 600,000 BTC and the largest institutional holder of Bitcoin in the world.

They use a dollar-cost averaging (DCA) strategy – buying Bitcoin across various price levels. Initially they bought 226,000 BTC in the first 4 years. Since they started buying weekly they’ve added 335,000 BTC, that’s a very consistent and resilient investment pattern.

New Capital Sources Fuel Buying Spree

Strategy’s buying power is fueled by multiple capital raises, including the preferred stocks STRD now listed on the Nasdaq. These raises give Strategy flexibility and new capital to keep buying Bitcoin.

Last week they bought 1,045 BTC for $110 million
They have 3 financial instruments: STRD, STRF, and STRK
Over $3 billion raised specifically for BTC buying

They are about to break their previous record of 12 weeks of buying Bitcoin set between November 2024 and February 2025.

Investors Divided as Risks Grow

Despite beating tech giants like Tesla, Apple and Amazon over the last 12 months, Strategy’s approach is making some investors and analysts nervous. The more exposure to Bitcoin the more volatility, especially if Bitcoin crashes again.

Notably, Carl Rickertsen, a company director, just sold all his MSTR shares. That’s raised some questions about internal confidence. Meanwhile Peter Schiff is telling investors to sell MSTR, warning of overexposure.

Critics are worried about:

Stock dilution from all the capital raises
Bitcoin crash impacting MSTR’s stock price
Insider selling indicating internal caution Anyway, they’re buying.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.