Michael Saylor Drops $500 Million On Bitcoin—What’s His Next Move?
MicroStrategy has acquired an additional 4,980 Bitcoin for approximately $531 million, averaging $106,801 per coin, raising its total holdings to 597,325 BTC. Current market value of these holdings exceeds $64 billion, compared to the $42.4 billion invested. As of June 30, the company reported nearly $21.6 billion in unrealized gains. In 2023, MicroStrategy purchased 88,062 BTC for nearly $10 billion and previously acquired 140,538 BTC in 2024 for $13 billion. The company aims for a 25% yield by the end of 2025, with a year-to-date yield of almost 20%. MicroStrategy now holds nearly 3% of all mined Bitcoin, influencing 134 other firms to add Bitcoin to their treasuries. Recent corporate adopters include Trump Media and GameStop. Bitcoin is trading near $108,000, with potential resistance at $109,000. A breakout above $110,000–$112,300 could trigger a short squeeze.
