Michael Saylor Buys $555,850,000 Worth of Bitcoin (BTC) As Strategy Stock Outruns Market

Strategy, formerly MicroStrategy, is following through on its plans to accumulate as much Bitcoin ( BTC ) as possible.

According to on-chain data from Lookonchain, Strategy, led by founder and CEO Michael Saylor, now holds close to $47 billion worth of the crypto king after a massive half-billion buying spree last week.

“Strategy bought another 6,556 BTC($555.85M) at an average price of $84,785 last week.

#Strategy currently holds 538,200 BTC($46.83B), with an average buying price of $67,766 and an unrealized profit of $10.36B.”

On April 15, Strategy bought 3,459 BTC for about $285.8 million, in line with plans announced earlier this year to raise more capital for BTC purchases.

According to data from  BitcoinTreasuries.net , Strategy currently owns over 2% of the global circulating BTC supply.

Strategy’s stock ( MSTR ) is up 1.9% today, bucking the stock market downtrend, trading for $323 at time of writing.

According to Saylor, a large number of institutions own shares of Strategy stock.

“Based on public data as of Q1 2025, over 13,000 institutions and 814,000 retail accounts hold MSTR directly. An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios.”

In early February, the firm announced a  massive  stock offering to raise funds for accumulating more Bitcoin.

Just last month, Saylor said Strategy  sold  $21 billion in preferred STRK stock to snatch up more coins.

Generated Image: Midjourney