MicroStrategy executive chairman Michael Saylor has indicated the company will resume its Bitcoin acquisition strategy this week, following a temporary one-week pause in its record-breaking accumulation spree. The business intelligence firm last purchased 4,980 BTC on June 30 for $532 million, bringing its total holdings to 597,325 BTC worth approximately $70.9 billion at current prices.
During its brief hiatus from Bitcoin purchases, MicroStrategy completed a $4.2 billion capital raise through debt and equity instruments. The company's shares currently trade around $434, showing 16% monthly gains but remaining below November 2024's peak of $543 per share. ——This strategic pause appears to have been a temporary liquidity management move rather than a shift in long-term Bitcoin strategy——.
【Corporate Bitcoin holdings now total 3.5 million BTC】across various institutional entities, according to BitcoinTreasuries.net data. Public companies account for the largest share of these holdings, with MicroStrategy maintaining its position as the dominant corporate holder.
The second quarter saw Bitcoin treasury companies acquire 159,107 BTC - significantly exceeding the approximately 81,000 BTC mined during the same period. Analyst Adam Livingston notes MicroStrategy's accumulation rate of 2,087 BTC per day dwarfs the network's daily production of 450 BTC, creating what he describes as a "synthetic halving" effect on available supply.
This institutional buying pressure coincides with declining miner reserves, which have dropped steadily throughout 2025 according to CryptoQuant data. The combination of strong demand and constrained supply has led some market observers to predict potential price appreciation, though concerns remain about the sustainability of debt-financed Bitcoin acquisitions.
MicroStrategy's relentless accumulation strategy continues influencing broader market dynamics. The company's most recent purchases came at an average price of $106,827 per Bitcoin - significantly below current market values, representing substantial unrealized gains on its balance sheet.
Industry analysts remain divided on the long-term implications of corporate Bitcoin treasuries. While proponents highlight their potential to drive mainstream adoption and price appreciation, critics warn about concentration risks and the systemic implications of leveraged Bitcoin positions. ——The coming quarters will test whether this novel corporate strategy can maintain its momentum amid evolving market conditions——.