Key Takeaways
- Strategy purchased 6,220 more BTC, taking its total holdings to 607,770 bitcoin.
- The firm now controls nearly 3% of bitcoin's total supply, influencing over 140 other companies to adopt similar strategies.
- Strategy's bitcoin treasury is among the largest cash-equivalent reserves of any S&P 500 company.
Strategy has expanded its bitcoin reserves with the purchase of 6,220 BTC, according to a July 21 SEC filing.
The acquisition, made over six days for $739.8 million in cash, was executed at an average price of $118,940 per coin.
Strategy’s bitcoin accumulation
With this latest buy, Strategy’s total bitcoin holdings now stand at 607,770 BTC, acquired at a cumulative cost of approximately $43.61 billion.
According to Executive Chairman Michael Saylor, the current value of these holdings is around $71 billion, making Strategy’s bitcoin treasury among the top 10 cash-equivalent holdings of any S&P 500 company—positioned just behind General Motors and ahead of ExxonMobil.
Precedent
Strategy’s approach to regular bitcoin accumulation has set a precedent for other public companies.
The firm has committed to steady BTC purchases, typically announced on Mondays, funded through operating cash, share sales, and convertible debt.
Its bitcoin-focused treasury model has influenced more than 140 public firms globally to add bitcoin to their balance sheets.
For a historical view of Strategy’s holdings, see the MicroStrategy bitcoin holdings tracker.
Influence on corporate treasuries
Major firms following Strategy’s lead include Marathon Digital Holdings, Riot Platforms, Twenty One, and Metaplanet.
Despite this growth in corporate adoption, Strategy maintains its lead, holding nearly 3% of bitcoin’s total capped supply of 21 million.
Market reaction
Following the announcement, Strategy’s stock rose nearly 2% in pre-market trading.
Investment bank TD Cowen recently increased its price target for Strategy stock from $590 to $680, citing bullish forecasts for bitcoin.
The bank expects bitcoin to reach $155,000 by the end of 2025.
