MicroStrategy, the leading corporate holder of Bitcoin, has executed another major purchase, acquiring an additional 3,015 BTC for approximately $204.1 million. The firm, led by executive chairman Michael Saylor, made the purchase at an average price of about $67,700 per Bitcoin. This acquisition brings MicroStrategy's total Bitcoin treasury to 720,737 BTC, valued at roughly $54.77 billion, with an average cost basis of $75,985 per coin.
The move drew immediate and sarcastic commentary from long-time Bitcoin critic and gold advocate Peter Schiff. In a public message, Schiff mockingly congratulated Saylor for "bringing MicroStrategy’s average purchase price back below $76,000." Schiff characterized the consistent buying during market volatility as "averaging down a losing trade," arguing that the firm's unrealized losses continue to grow. He further recommended that Saylor channel his "daring trading habit" into gold, which he noted is trading above $5,400.
In a separate but related development, ProCap Financial also increased its Bitcoin holdings. The company purchased 450 BTC, bringing its total to 5,457 BTC. This purchase was distinct from a larger foundational buy of 3,724 BTC executed in June 2025 at an average price of $103,785. ProCap's CEO, Anthony Pompliano, stated the company is "leveraging Bitcoin’s pullback and BRR’s mispricing to improve its risk-reward profile." The firm also repurchased 782,408 of its own shares concurrently, signaling a dual strategy of equity management and digital asset accumulation.
Peter Schiff's broader critique, while not specifically targeting ProCap's latest buy, emphasizes the risks he sees in corporate Bitcoin strategies. He argues that debt- or equity-funded accumulation heightens balance sheet fragility and that Bitcoin's market depth may complicate large exits, framing it as an inferior store of value to gold on a risk-adjusted basis.
Despite the criticism, Michael Saylor remains steadfastly bullish, convinced that Bitcoin is headed for a price surge above $200,000 in the near future. His actions continue to be closely watched as a bellwether for institutional confidence in the flagship cryptocurrency.
