Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Strategy Buys Another $472.5M in Bitcoin as BTC Surges to Record $118K

Strategy Buys Another $472.5M in Bitcoin as BTC Surges to Record $118K

DeFi PlanetDeFi Planet2025/07/14 16:05
By:DeFi Planet

Michael Saylor’s Strategy has deepened its position in the flagship cryptocurrency, snapping up an additional 4,225 BTC last week for $472.5 million.

Michael Saylor’s Strategy has deepened its position in the flagship cryptocurrency, snapping up an additional 4,225 BTC last week for $472.5 million.

According to a filing with the US Securities and Exchange Commission on Monday, Strategy’s latest purchase was made at an average price of $111,827 per coin. The acquisition came as Bitcoin surged from around $108,000 early last week to reach a new historic high of $118,000 by Sunday, according to CoinGecko data. Prices continued to rise on Monday, reaching a high of $123,000.

ALT TXT: An excerpt from Strategy’s Form 8-K. 

Source: SEC

The new purchase brings Strategy’s total Bitcoin holdings to a staggering 601,550 BTC, valued at approximately $42.87 billion, with its average cost basis now at $71,268 per coin.

This marks Strategy’s first officially disclosed Bitcoin purchase in July following a brief buying pause during the first week of the month. During that period, the company announced a $4.2 billion stock sale and reported $14 billion in unrealized gains for Q2 2025. A similar pause occurred in April as it prepared to report its Q1 financial results.

Year-to-date, Strategy has added 88,062 BTC to its treasury, worth roughly $10.9 billion, bringing it closer to last year’s total acquisition of 140,538 BTC valued at $13 billion.

As Bitcoin broke through previous highs above $112,000 midweek, Strategy co-founder and chairman Michael Saylor reaffirmed his long-term bullish stance. Quoting his famous 2021 interview with Unchained’s Laura Shin, he posted on X

In that original interview, Saylor argued Bitcoin remains a technically superior asset compared to traditional currencies, gold, and stock indices – a view he continues to champion as Strategy’s aggressive accumulation strategy reshapes corporate treasury standards worldwide.

Meanwhile, in May, Michael Saylor criticized the growing trend among institutions to publish onchain proof-of-reserves, warning that it introduces significant security vulnerabilities.

 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

How are those who followed CZ's trades doing now?

Whether it’s CZ personally getting involved, the community creating a meme atmosphere, or YZi Labs providing investment backing, so-called "calls" are just a spark, while the community riding on the concept adds fuel to the fire. When the two meet, the market heats up. This also demonstrates that the market itself needs hotspots to maintain attention and liquidity.

Chaincatcher2025/11/05 19:25
How are those who followed CZ's trades doing now?

The Butterfly Effect of the Balancer Hack: Why Did XUSD Depeg?

Long-standing issues surrounding leverage, oracle construction, and PoR transparency have resurfaced.

Chaincatcher2025/11/05 19:24
The Butterfly Effect of the Balancer Hack: Why Did XUSD Depeg?

Arthur Hayes Dissects Debt, Buybacks, and Money Printing: The Ultimate Cycle of Dollar Liquidity

If the Federal Reserve's balance sheet increases, it will be positive for US dollar liquidity, ultimately driving up the prices of bitcoin and other cryptocurrencies.

Chaincatcher2025/11/05 19:23
Arthur Hayes Dissects Debt, Buybacks, and Money Printing: The Ultimate Cycle of Dollar Liquidity