All about Michael Saylor’s Strategy and its latest Bitcoin purchase – Good news?
Strategy has over $37B funding capacity for future Bitcoin buys.
- Strategy acquired an extra 3.4k BTC for $285M raised through the sale of MSTR stock
- Firm still has a $37 billion capital raising capacity yet to be deployed for BTC buys
On 14 April, Michael Saylor, founder of Strategy (formerly MicroStrategy), announced that the firm acquired an extra 3,459 Bitcoin [BTC] for $285.8 million.
Strategy, the pioneer in BTC corporate treasury, now holds 531,644 BTC. The update wasn’t surprising though, especially after Saylor’s recent tease – ‘No tariff on orange dots.’
What’s next for BTC?
The latest acquisition was facilitated by the sale of MSTR stock, according to an 8-K filing with the SEC.
Based on the firm’s 21/21 acquisition plan ($21B through debt and $21B capital raise through stock issuance), there is a $37.6 billion capital raising capacity yet to be explored.
In fact, analysts have pointed out that Strategy’s bidding could have been responsible for last week’s BTC price action.
“That explains last week’s relative strength. Was all just Saylor.”
BTC rallied by 7% last week and tapped $86k. At press time, however, BTC was valued at $85K and below the bull support of the 200DMA (daily simple moving average).
That being said, 2025’s purchases have been less massive compared to late 2024. Over the same period, Bitcoin’s price declined from $109k to as low as $74k, before stabilizing above $70k.
As a result, Strategy’s unrealized profits shrunk from about $19 billion to $9 billion – About a $10 billion loss. BTC’s price fluctuations spilled to MSTR. Strategy’s stock has been on a decline since last November.
However, over the past two months, it marked a local bottom at the 200DMA (blue), swinging between $230 and $330. A sustained rally above the trendline resistance could empower bulls to push higher.
