MicroStrategy, led by Executive Chairman Michael Saylor, purchased 155 Bitcoin (BTC) for $18 million in mid-August 2025, funded through its at-the-market (ATM) preferred stock offering program. This acquisition brings the company's total BTC holdings to 628,946 – valued at over $74.2 billion – cementing its position as the largest corporate Bitcoin holder globally, with more BTC than the top 10 corporate treasuries combined.
The purchase occurred during a price dip below Bitcoin's recent all-time high of $124,000. Saylor explicitly signaled intentions to continue buying during market downturns, stating: "I’m laser-like focused on Bitcoin" and noting that "the vast majority of capital flowing into the space is flowing into Bitcoin." His comments downplayed competition from altcoin-focused treasury firms, emphasizing Bitcoin's dominance despite 100 new companies entering the corporate crypto treasury space in six months.
MicroStrategy's BTC strategy has generated over $28 billion in unrealized gains (60% ROI). Since November 2024, the company accelerated acquisitions, adding 376,726 BTC in just nine months – surpassing the 252,220 BTC accumulated over the prior four years. This aggressive accumulation aligns with Saylor's view of Bitcoin as the primary institutional crypto asset.