TL;DR
- Strategy bought 245 BTC at an average price of $105,856 (roughly $26 million) as prices dipped below $100K, lifting its total holdings to about 592,345 BTC.
- Sticking to Saylor’s “buy the top forever” playbook, the firm has spent over $3 billion this year on Bitcoin, treating every pullback as a buying chance.
- With an average cost basis of ~$70,681 per BTC and a 19.2% YTD unrealized gain, aiming for 25% by year-end, Saylor still forecasts $21 million per Bitcoin in 21 years.
Michael Saylor’s corporate Bitcoin juggernaut quietly scooped up 245 BTC last week, dumping $26 million into the market even as prices slid below $100K. The purchase, filed in an SEC Form 8-K, pushed Strategy’s holdings closer to 600.000 BTC, underscoring Saylor’s unshakeable faith in long-term upside despite short-term turbulence.
Dip Buy Details: Seizing a Moment of Fear
As geopolitics rattled risk assets, Bitcoin tumbled from about $108.900 on June 16 to an intraweek low of just under $99.000. Far from retreating, Strategy pounced. Between June 16 and June 22, it added 245 coins at an average cost of $105.856 each, laying out roughly $26 million in cash reserves.
Observers noted that this marks the smallest weekly buy since March’s 130-coin purchase, yet it kept Strategy consistently accumulating, even when headlines screamed “sell.”
A Philosophy of Peaks: “Buying the Top Forever”
Since rebranding from MicroStrategy, Saylor has doubled down on his “buy the top forever” mantra. Rather than timing bottoms, he targets sustained accumulation at perceived market highs. Earlier this month, Strategy spent $1 billion on Bitcoin, and in April it dropped nearly $2 billion on 22.000 BTC. This latest buy, modest by comparison, fits the same blueprint: treat every dip not as a warning but as an open invitation to add to the treasury.
Crunching the Numbers: Yield and Wallet
With 592.345 BTC on its books, Strategy’s total Bitcoin investment sits at about $41.9 billion, averaging roughly $70.681 per coin. After last week’s acquisition, the company’s year-to-date BTC yield edged up to 19.2%, inching toward a revised 25% YTD target by year-end. Those metrics underscore an impressive unrealized gain and fuel investor confidence in Strategy’s capital-allocation rigor.
Looking Ahead: Betting on a $21 Million Future
Saylor is not only purchasing Bitcoin, but he is also wagering on it to become the leading digital store of value in the world. Over the weekend, he doubled down on his long-term forecast that BTC will reach $21 million in 21 years. For Strategy, every dip buy is a vote of confidence in that vision, and a signal to the market that Saylor’s playbook remains unwavering, no matter how deep the dips go.
