Unraveling Michael Saylor’s Bitcoin Investment Tactic: A Windfall or Risky Venture?

Key Points

• Strategy has acquired an additional 3,459 Bitcoin for $285.8 million, facilitated by the sale of MSTR stock.
• The company still has a $37.6 billion capital raising capacity for future Bitcoin purchases.

Michael Saylor, the founder of Strategy, recently announced that the firm has purchased an additional 3,459 Bitcoin (BTC) for $285.8 million.

This acquisition was made possible through the sale of MSTR stock, as revealed in an 8-K filing with the SEC.

Strategy’s Future Bitcoin Plans

With Strategy’s 21/21 acquisition plan, which involves raising $21 billion through debt and another $21 billion through stock issuance, the firm still has a $37.6 billion capital raising capacity that remains untapped.

Some analysts believe that Strategy’s bidding was responsible for the recent price action of BTC.

Last week, BTC saw a 7% rally, hitting $86k. However, at the time of writing, BTC’s value has dipped to $85k, falling below the bull support of the 200DMA.

Bitcoin’s Price Fluctuations

In 2025, Strategy’s purchases were less significant compared to those made in late 2024. During this period, Bitcoin’s price dropped from $109k to as low as $74k, before stabilizing above $70k.

As a result, Strategy’s unrealized profits decreased from approximately $19 billion to $9 billion – a loss of about $10 billion. These price fluctuations in BTC also affected MSTR, with Strategy’s stock declining since November of last year.

In the past two months, however, a local bottom was marked at the 200DMA, with the stock price swinging between $230 and $330. A sustained rally above the trendline resistance could potentially empower bulls to push the price higher.