Strategy strengthens its dominance: 520 additional BTC purchased for $300 million

📖 4 min de lecture **Strategy strengthens its dominance: 520 additional BTC purchased for $300 million** Strategy, the company formerly known as MicroStrategy, has just made another major move in the Bitcoin market, amid a context where the Fear & Greed Index has reached its lowest level in several months. The company announced the acquisition...

DCN EditorialJune 25, 2026⏱ 4 min read

⏱ 4 min de lecture

Par admin
Publié le 25 June 2026

Bitcoin (BTC)

📖 4 min de lecture

**Strategy strengthens its dominance: 520 additional BTC purchased for $300 million**

Strategy, the company formerly known as MicroStrategy, has just made another major move in the Bitcoin market, amid a context where the Fear & Greed Index has reached its lowest level in several months. The company announced the acquisition of 520 additional bitcoins for a total amount of $300 million, once again confirming its status as the largest corporate holder of Bitcoin in the world.

This acquisition, carried out at an average price of approximately $57,692 per BTC, brings Strategy’s total war chest to over 230,000 bitcoins, representing a value of more than $15 billion at current prices. Bitcoin is currently trading at $65,381, up 2.1% over 24 hours.

A flawless accumulation strategy

Since its first purchase in August 2020, Strategy has never stopped accumulating Bitcoin, regardless of market conditions. This consistency in buying, even during the bear markets of 2022-2023, has made Michael Saylor, the company’s executive chairman, an iconic figure in the institutional adoption of Bitcoin.

The financing for these purchases comes from a combination of two main sources. Meanwhile, some analysts are questioning the sustainability of this strategy, as shown in our analysis: Strategy under pressure: analyst Kaleo warns that 50,000 BTC could be sold by 2028. On one hand, the company has used the liquidity generated by its historical software business. On the other hand, Strategy has resorted to convertible bond issuances, a financing method that allows it to raise capital without immediately diluting its shareholders.

The latest $300 million bond issuance, announced earlier this month, was entirely used for this acquisition. The placement was highly successful with institutional investors, proof of the market’s confidence in the company’s Bitcoin strategy.

A strong signal for the market

This purchase comes in a context where Bitcoin has been trading in a relatively tight price range for several weeks, oscillating between $60,000 and $70,000. Analysts see this massive purchase as a bullish signal in the medium term.

“When the largest corporate holder continues to buy without hesitation, it sends a very clear message to the market,” comments a crypto analyst interviewed by Cointelegraph. “Strategy is not trying to time the market. Their approach is simple: systematic accumulation, no matter what.”

This displayed confidence contrasts with the behavior of US spot Bitcoin ETFs, which have recorded record net outflows of $6.4 billion over the last 30 days. While retail investors seem to be taking a pause, large institutions like Strategy continue to strengthen their positions.

The ripple effect on other corporate treasuries

Strategy’s strategy has inspired many other companies around the world. Firms like Metaplanet in Japan, Semler Scientific in the United States, or the mining company Catena in Canada have followed suit, albeit on a more modest scale.

However, Strategy remains in a league of its own. With over 230,000 BTC, the company holds approximately 1.1% of the total Bitcoin supply that will ever be issued (21 million). This concentration raises questions about the decentralized governance of the network, but it is also perceived as a seal of legitimacy for the asset class.

A bet that has paid off handsomely

Despite initial criticism and the extreme volatility of Bitcoin, Michael Saylor’s bet has proven extremely profitable. Strategy’s average acquisition price is around $35,000 per BTC, meaning the company’s portfolio shows an unrealized gain of nearly $30,000 per bitcoin, or approximately $7 billion in unrealized profit.

This performance has far exceeded that of traditional technology stocks over the same period, strengthening the argument that Bitcoin can serve as a superior store of value for corporate treasuries.