Breaking News: Strategy Purchases 705 Bitcoins for $75 Million

Michael Saylor continues to feed Strategy’s crypto reserves. The company has just acquired an additional 705 bitcoins for $75.1 million, bringing its digital treasury to over 580,955 BTC. An accumulation strategy that remains strong despite the turbulence in the crypto market.

Michael Saylor continues his bet on Bitcoin with a new acquisition

Strategy formalized its latest purchase via a regulatory filing with the SEC on June 2. Michael Saylor’s company paid exactly $75.1 million to acquire 705 bitcoins between May 26 and June 1, at an average price of $106,495 per unit.

This new acquisition brings Strategy’s crypto holdings to 580,955 BTC as of June 1, 2025. A colossal reserve representing nearly 2.75% of the total theoretical supply of 21 million bitcoins. The company’s cumulative investment now amounts to $40.68 billion, with an average acquisition cost of $70,023 per BTC.

These figures demonstrate a successful strategy. With the bitcoin price trading above $100,000, Strategy shows a return of 16.9% since the start of 2025. A remarkable performance that consolidates Michael Saylor’s bullish vision on the reference digital asset.

The timing of this purchase is nevertheless questioned. While bitcoin trades around $100,000, Strategy continues to invest heavily despite historically high price levels.

This persistence reflects Saylor’s unwavering conviction in crypto’s long-term potential, even if the company’s bitcoin return has “only” reached 16.9% since early 2025.

True to his style, Saylor has revealed the information through an enigmatic tweet on X: “ orange is my favorite color“. For insiders, this orange wink to bitcoin now constitutes an imminent buy signal. A unique communications approach that skillfully blends mystery and marketing strategy.

Contested leadership in a changing market

This new acquisition takes place in a particular context for Strategy. As revealed by our recent analyses, the company is facing growing questions about the transparency of its bitcoin reserves.

Some observers demand more formal “proofs of reserves”, while Michael Saylor justifies this discretion by security imperatives.

At the same time, Strategy’s accumulation pace seems to slow slightly amid increasing institutional competition. More than 110 publicly traded companies now hold bitcoin, compared to 89 a month ago. Companies like Twenty One Capital or Trump Media & Technology Group are joining this race for digital gold.

Despite these challenges, Saylor’s strategy continues to attract investors. MSTR stock remains closely correlated with bitcoin movements, offering indirect exposure to the crypto asset for traditional portfolios. This dynamic transforms Strategy into a genuine bitcoin proxy in traditional financial markets.

The company thus maintains its position as a leader in institutional bitcoin adoption, actively contributing to legitimizing crypto among professional investors.

Strategy once again confirms its unwavering faith in bitcoin with this latest acquisition. In a crypto market undergoing institutional maturation, Michael Saylor continues to bet on the future of digital gold. A strategy that, for now, is proving him right.