Micheal Saylor’s company, Strategy (formerly known as MicroStrategy), has continued its aggressive Bitcoin accumulation strategy, buying another 705 BTC worth $75.1 million between May 26 and June 1. That makes eight weeks in a row of steady purchases, giving the stock a growing power
According to the press release, Strategy bought this Bitcoin at an average price of $106,495 per coin, pushing its total holdings to 580,955 BTC, which is currently valued at around $40.7 billion at the time of writing this report.
With this continued buying spree, Strategy’s stock price has risen nearly 2% since last week, trading at $371 in pre-market hours on June 2, following the recent insider sell-off by Strategy Director Jarrod Patten who sold 3,750 shares between May 22 and 29, which was worth nearly $1.4 million, according to a securities filing.
Still, Strategy is not slowing down. The company reported a 16.9% year-to-date (YTD) Bitcoin yield.
Moreover, MSTR stock has outperformed even Bitcoin over the last three months, gaining 44% while BTC’s gained 22%. Meanwhile, the company also plans to raise an additional $2.1 billion to buy more bitcoin.
“Your portfolio needs a Strategy,” Saylor said in a recent post on X, alongside a chart showing MSTR leading other major assets, including Tesla and Bitcoin itself.
In light of all this, Michael Saylor pushed back the demand for the publication of the strategy’s proof-of-reserves at a May 26 event on the sidelines of the Bitcoin 2025 conference in Las Vegas He stated “It actually dilutes the security of the issuer, the custodians, the exchanges, and the investors. It’s not a good idea, it’s a bad idea.”
Nonetheless, blockchain analytics firm Arkham claims in a post on X to have identified wallets holding Strategy’s massive stash of Bitcoin.
For now, whether this high-risk, high-reward strategy will pay off long-term remains to be seen. But with nearly $41 billion already poured into Bitcoin, one thing is clear: Michael Saylor is all in.
Also Read: Metaplanet Stock Jumps 10% as It Invests $117M in Bitcoin
