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Michael Saylor’s Strategy Purchases 1,955 BTC for $219 Million

Michael Saylor’s Strategy Purchases 1,955 BTC for $219 Million

Michael Saylor’s firm acquired nearly $220 million in Bitcoin despite S&P 500 exclusion and shareholder concerns, reaffirming its leading role in corporate Bitcoin treasury adoption.

BTC

Fact Check
The statement is largely accurate. Evidence from Michael Saylor's official X account and multiple news outlets like The Block and ChainCatcher confirms that his company, Strategy (formerly MicroStrategy), did purchase 1,955 BTC. However, the provided evidence consistently reports the purchase price as approximately $217 million, a slight discrepancy from the $219 million mentioned in the statement.
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Summary

Michael Saylor’s Strategy Inc. purchased 1,955 BTC for $217.4 million at an average price of $111,196 per coin, bringing its total holdings to 638,460 BTC acquired at an average of $73,880. The company funded the acquisition through its at-the-market equity program, raising capital to continue its Bitcoin-only treasury strategy. Despite exclusion from the S&P 500 and shareholder criticism over a revised Net Asset Value policy that could allow greater dilution, the firm remains committed to its Bitcoin accumulation approach. With nearly 3% of Bitcoin’s total supply under its control, Strategy continues to lead corporate adoption, part of a wider trend that has seen more than 200 public companies now hold Bitcoin, collectively exceeding 1 million BTC.

Terms & Concepts
  • At-the-market offering (ATM): A financing method where a company sells newly issued shares directly into the market over time to raise capital.
  • mNAV (modified Net Asset Value): A policy measure guiding share issuance relative to a company’s net asset value, affecting potential dilution.
  • BTC Holdings: The total number of Bitcoin owned by an entity, often cited to measure exposure and market influence.