Michael Saylor’s Strategy Buys $584M in Bitcoin, Holdings Surpass 500K BTC

The cryptocurrency market has seen significant momentum in the U.S. this year, with some of its strongest advocates doubling down on their investments. Leading the charge is Michael Saylor, whose firm, Strategy, has acquired another $584 million worth of Bitcoin, further solidifying its position as one of the largest corporate holders of the asset.

Formerly known as MicroStrategy, Saylor’s company has long been a pioneer in Bitcoin accumulation, betting on the long-term growth of the leading cryptocurrency. With this latest purchase, Strategy’s Bitcoin holdings have surpassed 500,000 BTC, marking a historic milestone.

The shift in U.S. policy under President Donald Trump has further fueled optimism in the crypto space. In just a few months, his administration has reversed previous regulatory hurdles, with the SEC now leaning toward a more favorable stance on digital assets.

Seizing on the momentum, Strategy disclosed its latest acquisition in an SEC filing, revealing that the firm now owns 506,137 Bitcoin—an astounding 2.4% of the entire Bitcoin supply. These holdings are currently valued at approximately $44.2 billion, with an average purchase price of $66,607 per BTC, totaling $33.7 billion in acquisition costs.

Saylor had previously hinted at another major purchase, following the company’s successful capital raise from its preferred stock offering. Posting on X (formerly Twitter), he suggested that Strategy’s portfolio “needed more orange.” With today’s acquisition, the firm has undoubtedly strengthened its Bitcoin position once again.