Michael Saylor’s Strategy Acquires 6,556 BTC as Bitcoin Breaks $87K

In yet another bold bet on Bitcoin, Michael Saylor’s company Strategy, formerly known as MicroStrategy, has deepened its commitment to the cryptocurrency by purchasing 6,556 BTC at an average price of roughly $84,800, totaling a whopping $555.8 million.

The acquisition was disclosed in a regulatory filing with the U.S. Securities and Exchange Commission (SEC) on April 21, marking another milestone in Strategy’s aggressive Bitcoin accumulation campaign.

This latest purchase comes on the heels of Bitcoin’s recent price surge past its monthly high of $87,400, reaching an intraday peak of $87,638.

The rally appears to have fueled Strategy’s confidence in further loading up on the asset—just a week after the firm snapped up another 3,459 BTC for $285.8 million between April 7 and April 13.

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The new purchase boosts Strategy’s total Bitcoin holdings to 538,200 BTC, with an aggregate valuation of approximately $36.47 billion. The company’s average cost per BTC now stands at $67,766, placing it well in profit given current market prices. As of today, Bitcoin is trading at around $87,273, up more than 3.5% over the past 24 hours.

Strategy financed this purchase using proceeds from its Common ATM and STRK ATM offerings—terms that refer to its “at-the-market” stock sale programs. The Common ATM allows the company to raise funds by selling common shares directly into the market, while the STRK ATM involves the sale of preferred stock (ticker: STRK).

This dual-pronged fundraising approach gives Strategy the flexibility to continuously build capital without issuing traditional debt, although the company’s financial position remains under the spotlight.

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Despite a 12.1% year-to-date BTC yield so far in 2025, Strategy is also grappling with financial headwinds. According to previous disclosures, the company holds around $8 billion in debt, and is currently managing $35 million in annual interest payments alongside $150 million in yearly dividends.

Earlier this month, Strategy suggested it might consider liquidating some of its Bitcoin holdings if it fails to secure financing through equity or debt markets—a move that would represent a significant shift for a company that has long branded itself as Bitcoin’s loudest corporate evangelist.

The timing of this latest Bitcoin purchase is noteworthy. BTC recently rebounded from a sharp early-April dip, regaining bullish momentum after flirting with resistance levels. While the cryptocurrency still remains below its all-time high of $100,000, optimism in the market is returning, and Strategy’s aggressive buying spree is likely to be seen as a vote of confidence.

With this acquisition, Strategy not only tightens its grip on its title as the largest corporate Bitcoin holder in the world, but also sends a strong message to the broader market: it’s all in on Bitcoin.

Strategy continues to double down on its Bitcoin thesis, pushing its holdings to jaw-dropping levels even amid rising financial obligations. Whether this high-stakes gamble pays off in the long term remains to be seen—but one thing’s for sure: when Bitcoin moves, Strategy moves with it.