Michael Saylor sounds 21-year alarm after amassing $64B in Bitcoin
Michael Saylor sounds 21-year alarm after amassing $64B in Bitcoin originally appeared on TheStreet.
Michael Saylor's Strategy (Nasdaq: MSTR) acquired 4,980 Bitcoin for $531.9 million at $106,801 per BTC between June 23 and June 29.
The company now holds 597,325 BTC worth more than $64 billion at the time of writing. It says it acquired the said number of Bitcoin for $42.40 billion at $70,982 per BTC.
Strategy began acquiring Bitcoin in 2020 amid the coronavirus pandemic and has since grown to become the world's largest publicly traded corporate holder of Bitcoin.
The company is a pioneer in turning Bitcoin into the primary reserve asset on the balance sheet, and several new companies such as Japan's Metaplanet are now emulating Strategy's playbook.
Strategy co-founder and executive chairman Michael Saylor is among the industry leaders who are most bullish on Bitcoin. In fact, he has predicted that Bitcoin's price will hit $13 million by 2045.
The firm has continued to acquire Bitcoin relentlessly whether the price is up or down, and the hunger isn't dying down.
Saylor recently wrote on X on June 29:
"In 21 years, you'll wish you'd bought more."
The company uses the proceeds from the sale of its Class A common stocks (MSTR), perpetual Strike preferred stocks (STRK), and perpetual Strife preferred stocks (STRF) to acquire Bitcoin.
The MSTR stock was trading at $389.74 in pre-market hours, up 1.5% a day.
The STRK stock was trading at $106.18, up 0.48% a day. The STRF stock was trading at $106, up 0.66% a day.
As per Kraken's price feed, Bitcoin was trading at $107,740 at press time.
Michael Saylor sounds 21-year alarm after amassing $64B in Bitcoin first appeared on TheStreet on Jun 30, 2025
This story was originally reported by TheStreet on Jun 30, 2025, where it first appeared.
