Michael Saylor’s Strategy Adds $531M in Bitcoin, Hits 597K BTC Amid Sell-Off Speculation

Andrew Chen
MicroStrategy

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Key Takeaways:

  • Michael Saylor’s Strategy bought 4,980 BTC for $531M, raising its holdings to 597,325 BTC.
  • BTC wallet transfers worth $796M and MSTR insider sales have triggered speculation of a potential sell-off.
  • Despite rumors, the firm’s actions and BTC YTD gains (19.7%) reaffirm long-term bullishness on Bitcoin.

Michael Saylor’s Strategy, formerly MicroStrategy, has reaffirmed its bullish stance on Bitcoin by purchasing an additional 4,980 BTC for $531 million. The move directly contradicts recent speculation surrounding a potential sell-off and showcases continued corporate interest in Bitcoin as a treasury asset.

Strategy Acquires BTC at $106,801 Average Price

The company disclosed that its latest Bitcoin acquisition was made at an average price of $106,801 per BTC, further solidifying its position as the world’s largest corporate Bitcoin holder. As of June 29, 2025, Strategy’s total Bitcoin stash has grown to 597,325 BTC, acquired at a cumulative cost of $42.4 billion—an average of $70,982 per coin.

With Bitcoin up 19.7% year-to-date, the firm’s BTC strategy has remained highly profitable in 2025. This marks the twelfth straight week of Bitcoin accumulation by Michael Saylor’s firm, reinforcing its long-term conviction in digital assets.

$796M Wallet Transfers Spark Community Speculation

Despite the bullish purchase, Strategy’s recent movement of 7,382 BTC (worth $796 million) to three newly created wallets has raised eyebrows. On-chain analysts at Lookonchain flagged these transactions, prompting concerns over a possible strategic reshuffling—or even a silent sell-off.

The company has not issued a statement clarifying the wallet transfers, which has led to heightened scrutiny across the crypto community. The timing, paired with insider stock sales, has only fueled uncertainty.

Insider Stock Sales Add to Market Jitters

Further complicating matters, SEC Form 4 filings reveal that Strategy President and CEO Phong Le has sold approximately 8,400 MSTR shares over the past three months. This insider activity was highlighted by XRP Healthcare’s Edward Farina, who questioned the firm’s internal confidence amidst soaring BTC prices.

Still, the market reaction was mildly positive—MSTR shares rose 2% in pre-market trading Monday, although the stock has faced resistance near the $400 mark in recent weeks.

Also Read: Saylor’s MicroStrategy 91% Likely to Join S&P 500—If Bitcoin Stays Above $95K, Analyst

Meanwhile, Strategy is not the only company expanding its BTC reserves. Earlier today, Metaplanet announced the purchase of 1,005 BTC, bringing its total to 13,350 BTC and propelling it into the top five public Bitcoin holders globally.

This reflects a broader institutional trend of increasing exposure to Bitcoin, even amid volatility and regulatory scrutiny.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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