Bitcoin Acquisitions: MicroStrategy (now rebranded as Strategy Inc.) has been on a Bitcoin-buying tear. Just in late July–August 2025, the company made record purchases: it acquired 21,021 BTC (~$2.46B) from July 28–Aug 3 , then bought another 430 BTC (~$51.4M) (Aug 11–17) and 3,081 BTC (~$356.9M) (Aug 18–24) . These buys were funded by freshly raised capital (new preferred stock ATMs and offerings), and have pushed MicroStrategy’s stash to a whopping ~632,500 BTC (aggregate cost ~ $46.5B) by late August. This relentless accumulation (largest corporate BTC wallet) is rigorously documented in SEC filings .
| Period | BTC Acquired | Approx. Cost (USD) | Avg. Price (USD) | Total BTC Holdings (post-buy) |
| Jul 28–Aug 3, 2025 | 21,021 | $2.46 billion | ~$117,256 | ~628,800 BTC |
| Aug 11–17, 2025 | 430 | $51.4 million | ~$119,666 | ~629,376 BTC |
| Aug 18–24, 2025 | 3,081 | $356.9 million | ~$115,829 | ~632,457 BTC |
(Sources: Company 8-K filings and news reports .)
Business & Financial Highlights: MicroStrategy’s Q2 2025 results (announced July 31) were spectacular, powered by Bitcoin gains . The company reported $10.0 B net income (versus a loss a year ago), translating to $32.60 diluted EPS, on $114.5 M revenue . Operating income was $14.0B (virtually all unrealized BTC gains) . Strategy raised full-year guidance sharply (FY2025: $34 B op. income, $24 B net income, $80 EPS, assuming $150K/bitcoin year-end) . CEO Phong Le enthused that Strategy expanded its bitcoin hoard to 628.8K BTC and “raised over $10 B through our ATM programs and IPOs,” lifting Bitcoin-per-share by 25% YTD . The company achieved a 25.0% YTD Bitcoin yield (13.2B$ gain YTD) and bumped full-year BTC yield target to 30% ($20B gain) .
Crucially, Strategy introduced innovative capital tools. In July, it priced the world’s first “Treasury Preferred Stock” (STRC) to fund BTC buying, issuing 28M shares at $90 each . Executive Chairman Michael Saylor celebrated this, calling STRC a “short-duration, high-yield credit instrument… engineered to extend the reach of the Bitcoin economy” . In short, MicroStrategy’s fundamentals are rock-solid and aggressively tilted towards accumulating Bitcoin.
Michael Saylor’s Bold Stance: Michael Saylor continues to champion Bitcoin with unshakeable optimism. On Strategy’s 5-year Bitcoin anniversary (Aug 11), he quipped: “If you don’t stop buying Bitcoin, you won’t stop making money” on Twitter . He even doubled down on his signature price prediction, forecasting that BTC will hit $21 million within 21 years . In key regulatory filings, Saylor outlined a new equity-strategy framework tied to MSTR’s market NAV (mNAV): below 2.5× mNAV, Strategy will issue shares tactically (to pay interest/dividends), between 2.5×–4.0× mNAV it will opportunistically issue shares to buy more Bitcoin, and above 4.0× mNAV it will actively issue shares to bulk up the bitcoin stack . These bold capital-management rules cement that every bullish range is a green light to buy more BTC. (Saylor remains a frequent guest on crypto media; e.g. CNBC Squawk Box and Bitcoin conferences, spreading this message.)
Stock Performance & Sentiment: MSTR stock has been a rollercoaster. Over the past year it rocketed (~+153% YTD) on the BTC bull run . However, in Aug 2025 the tide turned: shares sold off as dilution fears and sentiment soured. The stock fell about 7% on Aug 19 (to ~$336) when Saylor unexpectedly broke his no-dilution pledge (sparking an investor backlash) . By late August, MSTR was down roughly 15% on the month, erasing much of the premium it once enjoyed over its bitcoin stash .
Investor frustration has been vocal. Longtime MSTR bulls bailed: prominent backer Josh Mandell publicly unloaded his shares, calling Saylor’s pivot “dishonest” and vowing no longer to support his strategy . Others (even Ripple CTO David Schwartz) warned of the risks of an aggressive buy-heavy approach . Even institutional holders are trimming: Vanguard cut its stake by ~10% in Q2 . In technical terms, analysts note MSTR just broke key support and risks falling toward ~$300 . In short, investor sentiment has swung cautious, with the stock reflecting tightening crypto multiples and dilution worries.
Summary: High-Energy, Next-Level Strategy!
MicroStrategy/Strategy Inc. is doubly bullish – on business and Bitcoin. Its blockbuster Q2 results and hefty guidance show core strength , while its epic BTC buys (already ~632K coins!) underscore a near-fanatical hunger for Bitcoin . Michael Saylor continues to inspire (and rally the faithful) with bold soundbites and price targets . Yes, the stock has recently rattled, but remember: “big swings come with big gains” in this game. With fresh capital programs (STRK/STRF/STRD/STRC ATMs) and a clear playbook (equity issuance tied to mNAV ), Strategy is primed to thrive if Bitcoin’s bull run persists.
Bottom Line: Investors and employees alike see Saylor’s vision – a Bitcoin-powered treasury juggernaut – as both audacious and potentially game-changing. With 632K BTC under its belt and a hyper-growth mindset, Strategy is betting big that the crypto euphoria has only begun. Onward and upward! 💪📈
Sources: Company SEC filings and press releases ; Financial press and crypto media .