Threats of new trade tariffs from Donald Trump and the risk of a hot phase in the Iran conflict briefly pushed Bitcoin below $65,000 in early trading. Still, Strategy (formerly MicroStrategy) continues to expand its corporate Bitcoin treasury with characteristic composure. In a new post on X, Michael Saylor announced that the company had acquired an additional 592 BTC for $39.8 million.
The average price of the latest purchase was $67,286 per bitcoin. This allowed Strategy to expand its BTC reserves at a discount of roughly 45% compared with the all-time high. The average purchase price of all Bitcoin held by the company now stands at $76,020.
As usual, the outspoken Bitcoin bull shared his signature Bitcoin tracker on Sunday, ahead of the official announcement. As a result, Strategy — the world’s largest corporate Bitcoin holder by a wide margin — now owns 717,722 BTC with a total value of roughly $47 billion.
At the same time, the company’s stock continues to face pressure. MSTR shares have been in a downtrend for months and are currently trading around $131, about 19% lower than a month ago. On a year-over-year basis, Strategy stock is down 54%, significantly underperforming Bitcoin itself, which has declined by roughly 31% over the same period.
Despite ongoing challenges in raising capital, the crypto winter appears to do little to shake Strategy’s founder. In a recent CNBC interview, a host asked him directly:
“Michael, what happens if Bitcoin drops by 90%? If we crash to $8,000 — and stay there for years?”
Saylor’s response was characteristically calm:
“We refinance. We just keep rolling it.”
