Michael Saylor, the billionaire Executive Chairman of Strategy, has once again strengthened his company’s Bitcoin portfolio. On Monday, Strategy revealed the acquisition of an additional 6,220 BTC for approximately $739.8 million, at an average price of $118,940 per Bitcoin during the week ending July 20, 2025.
With this purchase, Strategy’s total Bitcoin holdings have surged to 607,770 BTC, currently valued at over $43 billion, making it the world’s largest corporate Bitcoin holder. To date, the company has spent $43.61 billion acquiring BTC, with an average purchase price of $71,756 per coin.
Funding the Purchase Through ATM Equity Offerings
According to regulatory filings, the recent Bitcoin purchase was financed through proceeds from Strategy’s at-the-market (ATM) equity programs spanning multiple security classes. Between July 14 and July 20, the firm raised $740.3 million through four different ATM offerings:
- MSTR Common Stock: 1,636,373 shares sold, generating $736.4 million
- STRK Preferred Shares (8% Strike): 5,441 shares, raising $0.7 million
- STRF Preferred Shares (10% Strike): 2,000 shares, raising $0.2 million
- STRD Preferred Shares (10% Stride): 31,282 shares, generating $3.0 million
These offerings are part of massive multi-billion-dollar authorization programs, including a $21 billion issuance limit for both MSTR and STRK shares, demonstrating Saylor’s strategic approach to converting equity into Bitcoin reserves at scale.
Strategy Holds Over $43 Billion in Bitcoin
As of July 20, 2025, Strategy’s Bitcoin stash exceeds $43 billion, firmly establishing the company as the largest corporate BTC holder globally. With Bitcoin’s price trading well above the company’s average acquisition cost, Strategy has already secured a year-to-date return of 20.8% in 2025.
Michael Saylor remains a vocal advocate for Bitcoin, calling it the “world’s ultimate store of value.” His latest purchase reaffirms his belief that corporate treasuries should adopt Bitcoin as a primary reserve asset. Strategy’s aggressive accumulation and financial engineering have made it a key indicator of institutional crypto adoption.
Bitcoin Price Action: Minor Pullback from $123K ATH
Bitcoin saw a slight pullback during Asia’s Monday trading session, consolidating around $117,000 after hitting last week’s all-time high (ATH) of $123,000. At the time of writing, Bitcoin trades just above $118,263.
Technical charts show a bullish pennant pattern forming after the strong rally to $123K, signaling a potential continuation of the upward trend. Despite the minor dip, market sentiment remains bullish, with several key events—including Saylor’s recent accumulation—supporting positive momentum.
On Saturday, Saylor hinted at further Bitcoin acquisitions for Strategy, posting the phrase: “Stay humble, stack sats.”
