Michael Saylor's Strategy, the corporate Bitcoin treasury arm of MicroStrategy, acquired 1,587 Bitcoin last week for $100 million, bringing its total stash to 846,842 BTC. The company funded the purchase through $209 million raised via sales of MicroStrategy (MSTR) stock, continuing its playbook of converting equity into the world's largest cryptocurrency.
Another week, another buy
The purchase marks the latest regular addition to what is already the biggest corporate Bitcoin hoard on the planet. At current prices, the 846,842 BTC stake is worth roughly $68 billion — though the company paid far less over time. Strategy has been buying Bitcoin since 2020 and has never sold, using a mix of cash flow, debt offerings, and stock issuance to accumulate.
Stock sales fuel the machine
To finance last week's buy, Strategy sold $209 million worth of MSTR shares. The company has increasingly leaned on at-the-market equity programs to raise capital for Bitcoin purchases, especially after bond markets tightened for crypto-linked issuances. The timing matters: MSTR shares have roughly tracked Bitcoin's price moves this year, so selling stock while the crypto is elevated lets Saylor keep stacking without touching the treasury.
What 846,842 BTC means
The total now sits at more than 4% of all Bitcoin that will ever exist. No other public company holds even a tenth of that. The scale gives Saylor outsized influence over market sentiment — when he tweets a green laser, the market often reads it as a buy signal. But it also means the company's fortunes are more tied to Bitcoin than ever. A 10% drop in the price of Bitcoin would wipe about $6.8 billion off the paper value of its holdings, more than the company's entire market cap last year.
The next check
Strategy hasn't said when it will stop buying, nor has it set a cap. The company next reports earnings in late July, where it will disclose any additional purchases made this quarter. For now, the pattern holds: sell shares, buy Bitcoin, repeat. The market will see whether the pace slows or accelerates when the Q2 numbers land.
