MicroStrategy continues to actively invest in Bitcoin, announcing a recent acquisition of 6,220 BTC for $739.8 million. This has raised interest in the company's strategy and questioned its sustainability.
New Purchase by MicroStrategy
MicroStrategy, the largest corporate holder of Bitcoin, announced the acquisition of 6,220 BTC for approximately $739.8 million. The acquisition was reported by CEO Michael Saylor in a post on platform X. The new purchase was made at an average price of $118,940 per BTC, increasing the company’s total Bitcoin holdings to 607,770, acquired at an average cost of $71,756.
Strategy and Current Results
This aggressive accumulation aligns with MicroStrategy’s ongoing strategy of treating Bitcoin as a treasury reserve asset. As Bitcoin hit a new all-time high near $121,800, the timing of the move appears to reflect Saylor’s bullish outlook. Notably, the firm reported a year-to-date yield of 20.8% for 2025.
Risks and Questions about Sustainability
However, some experts and crypto community members express concerns about the sustainability of current performance. There is a belief that the yield may not solely be linked to Bitcoin's price appreciation. Additionally, historical data shows that BTC often undergoes multi-month corrections after reaching new highs. The leverage used by MicroStrategy, including debt issuance, may also escalate risks.
The market will closely watch MicroStrategy's next steps, as the company targets 1,000,000 BTC. Remaining questions about strategy and the company’s resilience amid high market volatility continue to pique investor interest.
