Strategy, led by Michael Saylor, has acquired an additional 6,220 BTC for $739.8 million, bringing its total bitcoin holdings to 607,770 BTC worth over $43 billion as of July 20, 2025.
Billionaire executive chairman Michael Saylor has bolstered his firm’s Bitcoin war chest once again. Strategy disclosed on Monday that it acquired an additional 6,220 BTC for approximately $739.8 million, at an average price of $118,940 per Bitcoin during the week ending July 20, 2025.
This aggressive accumulation brings the company’s total Bitcoin holdings to a staggering 607,770 BTC, purchased at an aggregate cost of $43.61 billion, or an average price of $71,756 per BTC.
The filing shows that the Bitcoin purchase was financed through proceeds raised under Strategy’s at-the-market (ATM) equity programs, which span several security classes. Between July 14 and July 20, Strategy raised $740.3 million across four separate ATM programs:
Each of these instruments falls under massive, multi-billion-dollar issuance programs, including a $21B authorization for both MSTR and STRK classes, demonstrating Saylor’s continued ability to convert equity into Bitcoin reserves at scale.
As of July 20, the company holds over $43 billion worth of Bitcoin, solidifying its position as the largest corporate holder of BTC globally.
With Bitcoin’s price well above Strategy’s average acquisition cost, the firm is enjoying a year-to-date BTC yield of 20.8% in 2025, reaffirming the effectiveness of its long-term crypto treasury strategy.
Saylor remains vocal in his conviction that Bitcoin is the world’s ultimate store of value. The latest acquisition shows his belief that corporate treasuries should hold Bitcoin as a primary reserve asset. Strategy’s accumulating pace and financial engineering continue to make it a bellwether for institutional crypto adoption.
Bitcoin experienced a potential deeper pullback during Asia trading hours on Monday, after consolidating near $117,000. The crypto is currently just below last week’s all-time high of $123,000 and is retracing, trading just above $118,263 at the time of writing.
Bitcoin has displayed a bullish pennant pattern following a strong vertical rally to $123K. A pennant or a flag formation in July indicates the impending continuation of a strong upward price movement.
Despite Bitcoin’s minor 24-hour decline, several key market announcements have indicated ongoing bullish momentum. For instance, Saylor on Saturday hinted at a new Bitcoin accumulation strategy for his largest corporate BTC holder Strategy, using the phrase “Stay humble, stack sats.”
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