Strategy Expands Bitcoin Holdings Again, Totaling 555,450 BTC

Strategy has spent $180.3 million to buy an additional 1,895 bitcoins, bringing its total to 555,450 BTC worth over $52 billion. Bitcoin’s current price is $94,170 following a 120% year-to-date rise, driven by institutional demand and ETF investments. Analysts anticipate Bitcoin may reach as high as $135,000 by late 2025, with potential for an all-time high beyond $100,000.

Strategy, formerly known as MicroStrategy, has ramped up its Bitcoin purchases once again. On May 5th, the Executive Chairman, Michael Saylor, revealed that the company acquired 1,895 bitcoins for a hefty sum of $180.3 million. This latest purchase has boosted their total holdings to an astonishing 555,450 BTC. The regulatory filing details an average purchase price of about $95,010 per bitcoin, bringing the firm’s entire Bitcoin portfolio valuation to over $52 billion, reinforcing its status as the largest corporate Bitcoin holder globally.

As of Monday morning, Bitcoin is trading at $94,170, having recently seen a slight dip from its earlier peaks above $97,000. Year-to-date, Bitcoin has shown phenomenal growth, skyrocketing more than 120%. This surge is largely attributed to strong institutional interest, growing ETF demand, and the increasing perception of Bitcoin as a valuable asset comparable to digital gold.

Saylor has consistently reiterated that Bitcoin represents the company’s essential treasury reserve. He regards it as “digital property superior to gold.” To support this aggressive acquisition strategy, the firm has raised capital via convertible notes and share sales. This buying frenzy began in August 2020 and has transformed Bitcoin into a significant part of Strategy’s core identity. Saylor took to X (previously Twitter) to affirm their commitment: “We’re not slowing down. Bitcoin is the future.”

This latest Bitcoin acquisition reflects a larger trend of institutional buyers entering the market. Recent statistics indicate that Spot Bitcoin ETFs have amassed nearly six times more bitcoin than has been mined in the past week. Prominent investment firms like BlackRock and Fidelity are reporting record inflows into their Bitcoin funds. This ETF demand is exerting pressure on supply levels across exchanges, which has buoyed the price of Bitcoin.

Despite the recent consolidation in Bitcoin’s pricing, market analysts remain hopeful. For instance, JPMorgan has forecast that Bitcoin might hit $135,000 by the end of 2025. More optimistic projections, such as those from PlanB’s Stock-to-Flow model, estimate potential highs nearing $700,000, contingent on favourable economic conditions. A new all-time high above $100,000 seems likely in the upcoming market cycle, assuming resistance in the $98,000 to $100,000 range can be effectively broken.

As for the numbers, Bitcoin’s price today stands at $94,170 as of May 5 at 10:05 a.m. ET, while Strategy’s total Bitcoin holdings are at 555,450 BTC, with the combined value hitting approximately $52.35 billion.