SKN | Michael Saylor’s Strategy Tops 700,000 Bitcoin After $2.1B Purchase

Key Points:

•  Strategy acquired 22,305 BTC in its largest purchase since early 2025, lifting total holdings above 700,000 bitcoin.
•  The firm paid an average of $95,284 per coin, bringing cumulative bitcoin holdings to 709,715 BTC.
•  The move reinforces Strategy’s role as the dominant corporate bitcoin holder as institutional participation deepens.

Michael Saylor’s Strategy, the world’s largest publicly listed corporate holder of bitcoin, has pushed its holdings beyond the 700,000 BTC mark following a $2.1 billion purchase last week, underscoring the company’s renewed pace of accumulation in 2026.

According to a filing with the U.S. Securities and Exchange Commission on Monday, Strategy acquired 22,305 bitcoin at an average price of $95,284 per coin. The purchase was completed as bitcoin briefly rallied above $97,000 during the week, based on price data from CoinGecko.

The transaction lifted Strategy’s total bitcoin holdings to 709,715 BTC, accumulated at a total cost of approximately $53.92 billion. On an aggregate basis, the company’s average purchase price now stands at $75,979 per bitcoin, highlighting the scale and longevity of its accumulation strategy.

Largest buy in nearly a year

The latest acquisition marks Strategy’s largest single bitcoin purchase since February 2025, when it bought 20,356 BTC for roughly $2 billion. It also follows a 13,627 BTC purchase announced on Jan. 12, which had already signaled a reacceleration in buying after a more measured pace through much of last year.

Taken together, the recent purchases suggest Strategy has regained confidence in deploying capital aggressively as bitcoin reasserts itself near the upper end of its recent trading range.

Market reaction and broader context

Strategy’s renewed buying coincided with a rise in its publicly traded shares. The company’s stock (MSTR) climbed above $185 on Wednesday, moving in tandem with bitcoin’s push to multi-month highs near $97,000, according to TradingView data.

Sentiment around digital-asset treasury companies also received a boost earlier this month after MSCI opted not to exclude firms with significant crypto holdings from its market indexes. The decision was viewed by market participants as an incremental step toward normalizing bitcoin-heavy balance sheets within institutional benchmarks.

Strategic implications

Under Executive Chairman Michael Saylor, Strategy has positioned bitcoin not as a speculative asset, but as a long-term treasury reserve designed to outperform cash and traditional fixed-income instruments over multiple cycles. Crossing the 700,000 BTC threshold further cements the company’s status as the dominant corporate proxy for bitcoin exposure in public markets.

Looking ahead, Strategy’s buying pace will remain closely watched. Continued accumulation at these levels would signal sustained conviction despite macro uncertainty, while any slowdown could indicate a shift toward consolidation after one of the most aggressive treasury expansions in corporate history.