MicroStrategy Buys 4,225 Bitcoin, Holdings Hit 601,550 BTC

MicroStrategy acquired 4,225 Bitcoin between July 7 and 13 at an average price of $111,827 per coin, spending $472.5 million. The firm funded the purchase via its ATM program—selling 797,000 MSTR shares for $330.9 million—and issuing perpetual preferred stocks under its 42/42 plan. Total Bitcoin holdings now stand at 601,550 BTC, with a cost basis of $71,268 per BTC ($42.87 billion) and a current market value of about $72.25 billion, yielding a 68.5% paper profit. Meanwhile, Bitcoin treasury company Metaplanet added 797 BTC to its reserves, raising its total to 16,352 BTC at an average cost of $100,191. On-chain data from Glassnode shows strong accumulation among 1,000–10,000 BTC holders, while mega-whales above 10,000 BTC shift into distribution and retail investors under 1 BTC return to accumulation. Bitcoin reached a new high of $123,000 before retracing to $119,900. Sustained institutional Bitcoin accumulation at record prices underscores bullish conviction and may support further upside.