Thomas Daniels
Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has indicated plans for another significant Bitcoin acquisition, reinforcing the firm’s bullish stance on the digital asset despite recent price corrections.
On May 19, the company acquired 7,390 BTC for approximately $764.9 million, increasing its total holdings to 576,230 BTC. These holdings are now valued at roughly $59 billion, representing more than $21.8 billion in unrealized capital gains—a 54% return on Strategy’s Bitcoin investment.
Saylor’s social media commentary further hinted at a forthcoming purchase. “I only buy Bitcoin with money I can’t afford to lose,” he stated to his 4.3 million followers, alluding to an imminent strategic move following Bitcoin’s decline from its all-time high of $112,000 on May 22.
Should Strategy complete another acquisition on May 26, it would mark the seventh consecutive week of Bitcoin accumulation by the firm. Strategy has positioned itself as a corporate leader in Bitcoin adoption, using depreciating fiat capital raised from debt and equity markets to buy a finite, appreciating asset for its treasury.
This aggressive Bitcoin strategy has spurred wider institutional interest, inspiring other corporations to explore digital assets as treasury reserve instruments. Analysts now suggest this approach could push Strategy toward a $10 trillion valuation, potentially making it the world’s most valuable publicly traded company.
Market commentator Jeff Walton emphasized that while most firms struggle to raise hundreds of millions in capital, Strategy managed to secure $12 billion in under two months. Unlike traditional capital deployment aimed at operational upgrades, Strategy’s use of capital is singularly focused on accumulating Bitcoin, which Walton described as “the most pristine collateral on the planet.”
Despite Saylor’s long-term projection that Bitcoin could eventually reach millions per coin, the asset has struggled to breach the $150,000 mark in the short term. He attributes this stagnation to premature profit-taking and a lack of long-term conviction among investors.
