Michael Saylor To Extend Strategy Bitcoin Holdings, Eyes 600K BTC Milestone

Michael Saylor and Strategy (formerly MicroStrategy) can make history with their next Bitcoin purchase, sending holdings toward the 600K BTC mark. Saylor has flashed the tell-tale signal for an incoming purchase as corporate adoption soars to previously unseen levels.

Michael Saylor To Break Bitcoin Buying Record

Strategy founder Michael Saylor has signaled an intention to increase the number of Bitcoins on Strategy’s balance sheet. Saylor shared the MicroStrategy portfolio tracker in an X post, the tell-tale sign for a fresh purchase announcement.

According to the chart, Strategy holds 597,325 BTC valued at $64.57 billion at current prices. Last week, Strategy made its 12th consecutive Bitcoin purchase, buying 4,980 BTC for $531 million.

Last week’s purchase saw Strategy equal its previous weekly Bitcoin buying streak that it set between late 2024 and early 2025. A purchase in the coming week will set a new 13-week Bitcoin acquisition streak and may see holdings reach the 600K BTC milestone. Michael Saylor’s Strategy is only 2,675 BTC away from reaching the 600,000 threshold, a feat surpassed by BlackRock’s IBIT ETF.

Despite posting the portfolio tracker, there are fears that Strategy may not follow through with the purchase. Pundits are hinging their theories on Michael Saylor’s caption, alluding to holding its current market position.

“Some weeks you just need to HODL,” read Michael Saylor’s caption.

Treasury Companies Are Following Strategy’s Lead

Bitcoin treasury companies are increasing their exposure to the top cryptocurrency in frenetic fashion. Last week, 18 companies added 8,400 BTC to their balance sheet in a dash led by Michael Saylor’s Strategy and Figma.

Apart from purchases, a growing number of companies have announced ambitious plans to pivot toward the top cryptocurrency. The combined effect of an avalanche of companies flocking to the premier cryptocurrency has triggered speculation for a new all-time high.

At press time, Bitcoin is trading at $108,675, only 3.01% from its previous peak of $111,970. A Strategy Bitcoin purchase has historically triggered a rally for the top coin, but concerns that the company may not follow through with plans continue to linger. Strategy and Saylor are facing a class-action lawsuit over Bitcoin accounting for allegedly failing to disclose an unrealized loss from Q1 2025.