Michael Saylor Signals Another Bitcoin Purchase for Strategy

     

After surpassing 600,000 BTC, Strategy hints at continued accumulation amid institutional buying spree

Michael Saylor appears poised to increase Strategy’s Bitcoin holdings once again, following a post on X featuring the company’s portfolio tracker—a move that historically precedes an official buy announcement. With over 601,550 BTC now on its books, valued at $70.94 billion, Strategy continues to lead as the largest corporate holder of Bitcoin globally.

Saylor’s post, accompanied by the phrase “Stay Humble. Stack Sats,” suggests the company isn’t done accumulating. Last week, Strategy crossed the 600,000 BTC mark after a $427 million acquisition, ending a brief pause in its aggressive buying streak during Bitcoin’s rally to new all-time highs.

Strategy climbs U.S. treasury rankings amid Bitcoin surge

Fueled by Bitcoin’s meteoric rise, Strategy has now overtaken Nvidia to become the ninth-largest U.S. corporate treasury. Despite its success, critics like former Ripple developer Matt Hamilton speculate that investing in XRP instead of Bitcoin could have yielded even greater returns—though Saylor remains steadfast in his BTC strategy.

Bitcoin treasury firms ramp up accumulation

Between July 14 and 19, Bitcoin treasury companies collectively added $810 million worth of BTC to their holdings, marking a $300 million increase over the previous week. In total, 21 companies acquired Bitcoin, with 17 new treasury announcements and 11 ongoing fundraising efforts signaling further institutional interest.

Even as Bitcoin hovers around $118,000 with a 23.64% drop in daily trading volume, institutions remain undeterred. Strategy’s potential next move could further solidify its dominance in the growing crypto treasury landscape.