Michael Saylor’s Strategy Raises $740M in Equity Offering to Buy 6,220 BTC, Holdings Top $43B

Michael Saylor’s Strategy Inc acquired 6,220 Bitcoin for $739.8 million in the week ending July 20, 2025. The purchase was funded via at-the-market equity offerings, including the sale of 1.6 million MSTR shares and the issuance of preferred shares (STRK, STRF, STRD), raising a total of $740.3 million across four security classes. At an average price of $118,940 per BTC—well above Strategy’s $71,756 cost basis—the firm’s total holdings now reach 607,770 BTC, acquired for roughly $43.6 billion. Bitcoin’s current price near $118,000 delivers a 20.8% year-to-date return for the company. Analysts point to a bullish pennant pattern after Bitcoin’s recent all-time high of $123,000. Strategy’s ongoing “stay humble, stack sats” approach underscores growing institutional investment in Bitcoin and bolsters market confidence. Senior executive Wei-Ming Shao sold 10,900 MSTR shares worth $4.9 million, following a prior $25.7 million sale. These moves, combined with large purchases by other corporates—such as Japan’s Metaplanet adding 797 BTC—and Block Inc’s S&P 500 inclusion, support trading momentum and market stability.