MicroStrategy Acquires 6,220 Bitcoins
KEY FACTS: MicroStrategy has announced the acquisition of 6,220 Bitcoins for $739.8 million at an average price of $118,940, bringing its total holdings to 607,770 BTC, valued at approximately $43.61 billion with an average purchase price of $71,756 per coin, reinforcing its status as the largest corporate Bitcoin holder. The move reflects a 20.8% year-to-date yield in 2025, though analysts suggest this yield may be influenced by equity dilution from convertible bonds rather than pure Bitcoin appreciation. While the strategy has delivered a 68% unrealized return on a $42.87 billion cost basis, it carries risks, including potential price corrections, leverage vulnerabilities, and the challenge of sustaining capital raises to reach Saylor’s ambitious 1 million BTC goal.
Source: Michael Saylor/ X
MicroStrategy Acquires 6,220 Bitcoins
MicroStrategy, led by Executive Chairman Michael Saylor, has announced the acquisition of 6,220 Bitcoins (BTC) for approximately $739.8 million. Priced at an average of $118,940 per Bitcoin, this latest purchase brings the company’s total holdings to an impressive 607,770 BTC, acquired at an average cost of $71,756 per coin. The announcement, made via a post on X today, highlights both the strategic brilliance and the inherent risks of Saylor’s commitment to Bitcoin as a treasury asset.
Strategy has acquired 6,220 BTC for ~$739.8 million at ~$118,940 per bitcoin and has achieved BTC Yield of 20.8% YTD 2025. As of 7/20/2025, we hodl 607,770 $BTC acquired for ~$43.61 billion at ~$71,756 per bitcoin. $MSTR $STRK $STRF $STRD
Source
The acquisition shows MicroStrategy’s aggressive strategy to leverage Bitcoin as a core component of its financial portfolio, a tactic that has yielded a reported 20.8% year-to-date (YTD) return in 2025. This yield, as noted in Saylor’s X post, reflects the company’s ability to capitalize on Bitcoin’s price appreciation. The company’s total investment of approximately $43.61 billion in Bitcoin positions it as the largest corporate holder of the cryptocurrency, a status it has maintained since embarking on this journey in August 2020.
Forbes highlighted in its 2024 analysis that MicroStrategy’s decision to treat Bitcoin as a treasury reserve asset has allowed it to outperform traditional investment options, such as cash holdings, which have been eroded by inflation and a weakening dollar. Saylor’s vision, articulated in a 2022 press release following his transition from CEO to Executive Chairman, emphasizes Bitcoin’s role as a hedge against macroeconomic uncertainties. This latest purchase, funded through a combination of equity raises and convertible debt offerings, aligns with that long-term strategy, reinforcing the company’s narrative as a trailblazer in the evolving landscape of digital finance.
The timing of this acquisition coincides with Bitcoin’s recent climb to its peak price, a development that has fueled optimism among bullish investors. TradingView’s technical analysis suggests that Bitcoin’s price action is currently oscillating within an upward-sloping channel, with a strong rally pushing it toward the $123,000 level before a sharp reversal forms a V-shaped pattern. While this indicates robust momentum, historical patterns raise concerns about sustainability. The platform notes that Bitcoin has previously triggered multi-month corrections and bear markets after testing long-term trendlines, such as the 8-year rising trendline cited in recent analyses. This suggests that MicroStrategy’s aggressive accumulation, while profitable in the short term, may face significant headwinds if a price correction materializes.
One of the most intriguing aspects of Saylor’s announcement is the reported 20.8% YTD yield, a figure that has drawn both admiration and scrutiny. While it suggests significant profitability, a discussion on Reddit’s BTC yield community offers a nuanced perspective. Analysts there argue that this yield may not solely reflect Bitcoin’s price appreciation. Instead, it could be influenced by the company’s use of convertible bonds and equity dilution to fund new purchases. Financial modeling shared in the thread indicates that new investors, drawn by the promise of Bitcoin’s growth, effectively subsidize the yield, raising questions about its sustainability as a standalone metric.
This insight is supported by web data from OKX Australia, which notes that MicroStrategy’s recent capital raises, such as the $472.3 million raised in July 2025 to acquire 4,225 BTC, often involve selling shares (MSTR, STRK, STRF, STRD) to minimize dilution while fueling Bitcoin buys. CoinDesk’s analysis of MicroStrategy’s convertible bond prices further reveals that five of the company’s six bond issuances are trading deep in the money, creating billions in unrealized value. However, the muted options activity and a drop in implied volatility to 53.1% suggest that investor enthusiasm may be waning, potentially complicating future funding efforts.
While MicroStrategy’s Bitcoin strategy has proven lucrative, delivering an unrealized return of 68% on its $42.87 billion cost basis, per OKX Australia, the risks cannot be ignored. The company’s reliance on leverage and convertible debt to finance acquisitions exposes it to significant vulnerabilities, particularly during prolonged Bitcoin price downturns. Web sources like Reuters and CoinDesk have previously warned that a drop in Bitcoin’s price to levels like $21,000 could trigger margin calls, a scenario that tested the company during the 2022 bear market.
Macroeconomic factors, including rising interest rates and evolving regulatory landscapes, could also impact MicroStrategy’s ability to continue its acquisition spree. Moreover, the company’s ambitious goal of holding 1 million BTC (4.76% of Bitcoin’s maximum supply) requires sustained capital raises, a strategy that could dilute existing shareholders if investor appetite wanes.
MicroStrategy’s latest move serves as a case study for the adoption of Bitcoin by institutions. The company’s success has inspired other firms to explore cryptocurrency as a strategic asset.
Information Sources:
If you found the article interesting or helpful, please hit the upvote button and share for visibility to other hive friends to see. More importantly, drop a comment below. Thank you!
This post was created via INLEO. What is INLEO?
INLEO's mission is to build a sustainable creator economy that is centered around digital ownership, tokenization, and communities. It's built on Hive, with linkages to BSC, ETH, and Polygon blockchains. The flagship application, Inleo.io, allows users and creators to engage & share micro and long-form content on the Hive blockchain while earning cryptocurrency rewards.
Let's Connect
Hive: inleo.io/profile/uyobong/blog
Twitter: https://twitter.com/Uyobong3
Discord: uyobong#5966
Posted Using INLEO