Strategy Adds 4,980 Bitcoin as Saylor Predicts 21 Million BTC Price in 21 Years
Strategy, formerly known as MicroStrategy, continues to flex its title as the ultimate bitcoin treasury titan. Between June 23 and June 29, the company scooped up another 4,980 bitcoin, shelling out around 531.9 million dollars at an average price of just over 106 thousand each.
That pushes Strategy’s total holdings to a mind-blowing 597,325 bitcoin—over 64 billion in current value. Co-founder and executive chairman Michael Saylor, the face behind the company’s relentless crypto strategy, seems unfazed by volatility. In fact, he’s doubling down harder than ever.
Saylor’s Vision: $21 Million Bitcoin in 21 Years?
In classic Saylor fashion, the acquisition was teased ahead of time. On Sunday, he shared an update via Strategy’s public portfolio tracker, writing: “In 21 years, you’ll wish you’d bought more.”
That’s not just motivational banter—it echoes a recent keynote in Prague, where Saylor boldly predicted bitcoin could hit $21 million per coin by 2046. The message? Long-term conviction trumps short-term noise.
Where Did the Money Come From?
Strategy used funds from multiple ongoing equity programs, including:
- MSTR ATM Program: Sold 1,354,500 shares for about 519.5 million
- STRK Preferred Shares: Raised 28.9 million
- STRF Preferred Shares: Pulled in 29.7 million
Here’s a quick breakdown of what’s still on deck:
- 18.1 billion in MSTR shares available
- 20.5 billion in STRK shares remaining
- 1.9 billion left under the STRF program
All of this is part of the company’s ambitious 42/42 plan—originally aiming to raise 42 billion for bitcoin purchases. But that target has since doubled to 84 billion through 2027.
Strategy Now Holds Over 2.8% of Total Bitcoin Supply
Let that sink in: Strategy controls nearly 3 percent of the world’s total 21 million bitcoin supply. At an average purchase price of just under 71 thousand, that equates to over 21 billion in paper gains.
Their strategy, quite literally, is to buy and hold—forever. No selling. No hedging. Just stacking sats.
Who Else Is Joining the Bitcoin Treasury Movement?
According to Bitcoin Treasuries data:
- 134 public companies now have bitcoin on their books
- Newcomers include Twenty One, Nakamoto, Trump Media, GameStop, and Metaplanet
- Metaplanet recently bought an additional 1,005 bitcoin, pushing its total to 13,350
The ripple effect is clear: more firms are following Strategy’s blueprint.
Critics Still Worry About Strategy’s Valuation
Despite the bullish stance, not everyone’s convinced.
Strategy’s market cap, now over 105 billion, trades at a premium to its net asset value (NAV). That has raised some eyebrows, especially given the size and pace of its ongoing bitcoin purchases.
However, analysts at Bernstein suggest the firm’s balance sheet is still sound. Debt levels are low, and no major payments are due until 2028. For now, Strategy’s leverage looks manageable.
Strategy vs. Bitcoin: Performance Snapshot
- Bitcoin gained 5.6% last week
- MSTR dipped slightly on Friday but is up 28% year-to-date
- In pre-market trading on Monday, MSTR was up 1.7%
Despite short-term fluctuations, the long-term thesis remains unshaken.
What’s Next?
Michael Saylor has made it clear: Strategy is in this for the long haul. With nearly 600,000 bitcoin already locked in, the company shows no signs of slowing down. If bitcoin does hit seven or even eight figures as Saylor believes, Strategy could become one of the most valuable entities on Earth.
FAQs
What is Strategy’s current bitcoin holding?
As of June 29, Strategy holds 597,325 bitcoin.
What’s the average purchase price of their bitcoin?
Roughly 70,982 per coin.
How is Strategy funding these purchases?
Primarily through equity sales—common stock (MSTR) and two types of preferred shares (STRK and STRF).
What is the “42/42” and “84/84” plan?
Strategy’s plan to raise billions for bitcoin acquisitions through equity and debt, originally targeting 42 billion, now doubled to 84 billion.
Final Thoughts
Skeptics can debate valuations all day, but Strategy’s approach is clear: buy bitcoin, hold it forever, and build an institutional moat around the hardest money in history.
With nearly 3 percent of the entire bitcoin supply and an aggressive roadmap to raise billions more, Michael Saylor isn’t just predicting the future—he’s betting the house on it.
