Tech billionaire Michael Saylor is at it again. His company just scooped up another 130 Bitcoin for a whopping $10.7 million, paying an average of $82,981 per coin. Not exactly bargain hunting, but when has that ever stopped him?
The purchase, made between March 10-16, 2025, brings Strategy’s total Bitcoin holdings to 499,226 coins. That’s a staggering $41.6 billion worth of digital currency. Let that sink in. The company now owns 2.38% of all Bitcoin in existence. Talk about putting all your eggs in one crypto basket.
To fund this latest buying spree, Strategy sold 123,000 STRK shares through its “STRK ATM” program. The company plans to raise up to $21 billion through this mechanism for future Bitcoin acquisitions. No Class A common stock has been sold, though their perpetual preferred stock does pay a rather juicy 10% dividend. This funding approach demonstrates Saylor’s commitment to a closed-loop mechanism for sustained acquisition.
Saylor’s Bitcoin obsession has been paying off lately. Strategy’s stock jumped 13% last Friday and has gained 77% over the past year. Not too shabby. But Bitcoin’s yield sits at 6.9% year-to-date—below the company’s 15% target for 2025. Oops.
What’s interesting is this represents Strategy’s smallest Bitcoin purchase on record. Is Saylor finally showing restraint? Probably not. The man has been accumulating Bitcoin since August 2020, with an average purchase price of $66,360 per coin. The company maintains a methodical rhythm for acquiring Bitcoin, emphasizing steady reinvestment rather than reactive market timing.
Critics point to the obvious risks: massive concentration in a volatile asset, regulatory uncertainties, and potential for catastrophic losses. With only 21 million Bitcoin ever to be created and fixed supply creating inherent value, Saylor’s aggressive accumulation strategy aims to capture a significant portion of this finite resource. But Saylor remains unfazed, championing Bitcoin as the ultimate inflation hedge and store of value.
With Bitcoin prices recently dipping below $80,000 amid broader crypto volatility, some might question the timing of this purchase. But Saylor’s long-term philosophy doesn’t sweat short-term fluctuations.
Smart strategy or reckless gambling? The market will decide. But one thing’s certain—Saylor isn’t backing down from his Bitcoin bet anytime soon.
