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Michael Saylor is the leader of Strategy, the Bitcoin (BTC), a proxy trading firm. It has recently acquired the top cryptocurrency in the market.
On a Monday filing In its filing with the US Securities and Exchange Commission, the company reported that they purchased another 705 BTC from May 26 to June 1. This brings their total coins held up to 580.955.
The Strategy of Bitcoin Buying Spree Continues
It cost $75.1m, or approximately $106,495 a Bitcoin. Strategy has invested around $40.68billion in Bitcoins, which is about $70,0023 per token.
Follow the announcement, Strategy’s stock, MSTR, rose 0.9% to $372.72, while the broader market showed mixed results, with the S&P 500 and the tech-heavy Nasdaq Composite gaining 0.4% and 0.7%, respectively.
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The latest acquisition is a significant one, but it’s not the biggest ever for MicroStrategy, who has acquired Bitcoins in the past by the thousands. MicroStrategy’s smallest transaction to date was in March. At that time, the BTC price was below $85,000.
Strategy is recent buying spree It comes in the midst of ongoing macroeconomic uncertainties which have affected cryptocurrency values. Bitcoin reached a record high of $1118000 in the last week but has since retracted nearly 6%.
The company, which has been buying Bitcoin for the eighth week in a row, has ignored any fluctuations.
Arkham Tracks 97% of Saylor’s Holdings
Saylor teased the announcement in a Sunday social media post. On Monday, he revealed it. details Strategy’s latest acquisition has a Bitcoin yield year-to date of 16.9% as of 1 June 2025.
However, according Arkham Intelligence is a blockchain analytics platform that estimates Strategy’s BTC holdings to be 625,000 BTC and worth approximately $59.92 Billion. Arkham has identified 70,816 BTC in this estimate, which shows the size of the assets that the company holds.
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Arkham stated that they have tracked 97% Saylor’s Bitcoin assets, highlighting that this was the first time that such significant assets had been publicly acknowledged. The company clarified that the majority of Strategy’s assets are Bitcoins, and some of them were held by Fidelity’s Omnibus Custody.
Prior to this, the company identified approximately 107,000 BTC Due to Fidelity’s custodial practices, deposits sent to Fidelity are not included under Strategy.
Saylor’s Bitcoin Proxy firm holds over 327,000 BTC total in segregated custodial custody in its Strategy entity. This further cements the position of the company as a major player in cryptocurrency.
Chart from TradingView.com, image from DALL.E
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Source: www.newsbtc.com
