Michael Saylor’s Strategy Records Its Smallest Bitcoin Purchase Ever
A Surprising Move in Strategy’s Bitcoin Journey
Michael Saylor’s Strategy, the undisputed largest corporate holder of Bitcoin, just made an unexpected move. On March 17, the company revealed its smallest Bitcoin acquisition to date – a modest haul of 130 BTC, totaling approximately $10.7 million. That works out to an average price of around $82,981 per Bitcoin.
For a company known for making massive headline-worthy Bitcoin purchases, this minor addition stands in sharp contrast to its previous acquisitions. The purchase was financed via the newly launched “STRK ATM” program, an initiative aiming to raise up to $21 billion for further Bitcoin accumulation.
But what does this mean for Strategy’s broader Bitcoin strategy? Let’s dive into the details.
Strategy Inches Closer to 500,000 BTC Holdings
Despite this relatively small purchase, Strategy’s Bitcoin reserves continue to soar. As of now, the firm holds a staggering 499,226 BTC, acquired at an aggregate cost of approximately $33.1 billion. The average purchase price across all acquisitions stands at around $66,360 per BTC, factoring in fees and expenses.
With just 774 BTC left to reach the monumental 500,000 BTC milestone, it’s only a matter of time before Strategy achieves this symbolic goal.
Michael Saylor BTC Holdings
Source: Michael Saylor
It’s also worth noting that while Bitcoin’s price recently dipped below $80,000, Strategy remains committed to its accumulation strategy—though at a slower pace than before.
The Smallest Bitcoin Buy in Strategy’s History
This latest Bitcoin purchase is the smallest ever disclosed by Strategy, breaking the previous record set in August 2024, when the company purchased 169 BTC.
The relative mildness of this purchase raises questions: Is Strategy becoming more cautious in its approach? Or is this just a temporary slowdown before the company resumes its aggressive Bitcoin accumulation?
Strategy’s Bitcoin Acquisitions 2025
Strategy’s Bitcoin acquisitions in 2025. Source: Strategy
So far in 2025, the company has acquired 51,656 BTC spread across seven separate transactions. Even with this more measured approach, Strategy continues to expand its Bitcoin holdings considerably.
Aiming for a $10 Billion BTC Gain in 2025
Strategy’s Bitcoin strategy isn’t just about holding; it’s about realizing gains. In 2025 alone, the company has spent approximately $4.4 billion on Bitcoin purchases. This has translated to a BTC gain value—measuring Bitcoin’s dollar performance—of $2.6 billion year-to-date.
However, Strategy still has a long way to go to reach its ambitious $10 billion BTC gain target for 2025. As of now, the indicator sits 74% below expectations.
Strategy BTC Targets 2025
Strategy’s 2025 targets and YTD results as of Feb. 2, 2025. Source: Strategy
That said, by the end of 2024, Strategy’s BTC gain stood at a whopping $13.8 billion, with an impressive Bitcoin yield of 74%. This shows that the company is no stranger to hitting big targets—it just might need more time this year.
What’s Next for Strategy and Bitcoin?
While this may be Strategy’s smallest Bitcoin purchase ever, it’s unlikely to be the last. With just 774 BTC left to hit the milestone 500,000 BTC mark, the company will likely continue its accumulation strategy—albeit more selectively for now.
Is this a sign of a shift in Strategy’s approach, or simply a moment of caution in an otherwise relentless BTC accumulation spree? Only time will tell.
One thing is certain: When it comes to Bitcoin, Michael Saylor and Strategy are playing the long game.
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