Michael Saylor’s firm, Technique, retains including bitcoin to its treasury, and has amassed an enormous bitcoin reserve. This time, it purchased 4,225 BTC for $472.5 million, bringing its whole bitcoin stack to 601,550 BTC — a file for any public firm.
That makes Technique the primary publicly-traded firm to carry over 600,000 BTC, which is almost 2.86% of the 21 million whole provide of the scarce asset. At present costs, the corporate’s bitcoin holdings are price over $70 billion.
The bitcoin buy, which came about between July 7 and July 13, was disclosed in a U.S. Securities and Change Fee (SEC) filing on Monday, July 14. Technique stated it purchased the bitcoin at a median worth of $111,827 per coin.
Technique used proceeds from a number of capital-raising efforts to fund the acquisition:
- $330.9 million from the sale of Class A typical inventory (MSTR)
- $71.1 million from STRK most well-liked shares
- $55.3 million from STRF most well-liked shares
- $15 million from STRD most well-liked shares
Associated: Strategy Upsizes STRD Offering to $1 Billion to Buy More Bitcoin
These are a part of Technique’s broader capital-raising plans, together with its “42/42” technique to lift $84 billion in fairness and convertible debt by 2027.
That is the primary time Technique has purchased bitcoin in two weeks. The corporate didn’t purchase within the first week of July, which coincided with the discharge of its Q2 2025 financials, exhibiting $14 billion in unrealized beneficial properties on its bitcoin treasury. It additionally didn’t purchase in early April.
Saylor hinted on the buy forward of the official announcement, posting on X, “Some weeks you don’t simply HODL,” a reference to his earlier week’s publish, “Some weeks you simply have to HODL.” These appear to be his playful code phrases for getting and holding.
Technique’s Bitcoin journey began years in the past however has accelerated in 2025. To this point this yr the corporate has added over 155,000 BTC, which is a powerful quantity.
In response to Saylor, the corporate’s common acquisition worth throughout all bitcoin purchases is $71,268 per BTC, so Technique has already seen tens of billions in paper beneficial properties.
Buyers beloved it. Technique’s inventory (MSTR) went up over 3% and closed at $451, up from $434 final week.
Saylor is as bullish as ever on bitcoin. When BTC broke $119,000 over the weekend, he reposted a preferred quote from a 2021 interview:
“It’s going up endlessly, Laura.”
He’s sticking to that script and it’s guiding Technique’s aggressive shopping for technique at the same time as some traders are involved in regards to the firm’s premium to internet asset worth (NAV).
