MicroStrategy has once again reaffirmed its unwavering commitment to Bitcoin, acquiring an additional 220 BTC valued at approximately $27.2 million. This latest purchase was made at an average price of $123,561 per coin, despite recent volatility in the cryptocurrency market and intensifying criticism from gold proponents like Peter Schiff.
With this acquisition, MicroStrategy now holds a staggering 640,250 BTC, solidifying its status as the largest corporate holder of Bitcoin worldwide. These holdings are currently estimated to be worth around $47.38 billion. Interestingly, this move came at a time when Bitcoin’s price temporarily dipped below $113,000, highlighting the firm’s steadfast belief in the asset’s long-term potential.
The market’s response was swift and telling. MicroStrategy’s stock (MSTR) climbed by 3.5%, reaching $315.47, even as Bitcoin’s price declined by 2.61% over the past 24 hours. This divergence suggests that investors remain confident in the firm’s Bitcoin-centric strategy, seeing value in its bold approach to digital asset accumulation.
Michael Saylor, Executive Chairman and founder of the firm now rebranded simply as Strategy, has become synonymous with institutional Bitcoin adoption. His consistent advocacy for BTC, despite the market’s fluctuations and external economic pressures, continues to set a precedent for corporate crypto investment.
Bitcoin critic and gold advocate Peter Schiff was quick to mock the timing of the latest purchase, questioning why Saylor didn’t buy during the recent price drop to $104,000. Schiff pointed out that the average purchase price for the week stood nearly 8% above the current market value, and criticized the overall gain of 55% given an average holding cost of $74,000 per BTC. According to Schiff, investing in gold would have yielded better results.
Nevertheless, Strategy’s growing Bitcoin portfolio contradicts Schiff’s narrative. According to data from multiple tracking platforms, including BitBo and CoinGecko, the firm maintains a dominant position among both publicly traded companies and government entities in terms of Bitcoin reserves. This dominance not only demonstrates the scale of Strategy’s investment but also highlights the firm’s role in shaping the institutional crypto landscape.
The timing of this purchase also coincided with favorable policy developments in the U.S. tax code. The IRS issued updated guidance that allows corporations to defer taxes on unrealized crypto gains until the assets are actually sold. This marks a major shift from previous Corporate Alternative Minimum Tax (CAMT) rules, which had placed a heavier tax burden on firms holding volatile digital assets on their balance sheets.
For a company like Strategy, which holds billions in Bitcoin, this regulatory change is a game-changer. It reduces short-term financial strain and supports Saylor’s thesis that Bitcoin should be treated as a long-term treasury asset. The policy shift not only validates Strategy’s aggressive accumulation strategy but also reinforces the idea that regulatory clarity can foster broader institutional adoption.
Additionally, the broader economic context plays a role in these strategic decisions. Former President Donald Trump’s recent tariff proposals sent shockwaves through global markets, contributing to a short-term decline in crypto prices. Yet, institutions like Strategy are interpreting these macroeconomic disruptions as further justification for moving away from traditional fiat-based assets and toward decentralized alternatives like Bitcoin.
MicroStrategy’s approach also reflects a larger trend in corporate finance, where companies are increasingly exploring crypto as a hedge against inflation and geopolitical uncertainty. While critics argue that Bitcoin remains too volatile to serve as a reliable store of value, Strategy’s long-term view aligns with the belief that BTC will continue to gain legitimacy as a digital reserve asset.
Moreover, Saylor’s vision extends beyond speculation. He sees Bitcoin as a technological breakthrough—an immutable, decentralized monetary network that can outlast traditional systems. His strategy is not just about price appreciation but about reshaping corporate finance around a new digital standard.
Looking forward, MicroStrategy’s continued accumulation of Bitcoin could influence more corporations to consider similar treasury strategies. As institutional frameworks around Bitcoin mature and regulatory clarity improves, the door opens wider for traditional firms to adopt digital assets as part of their capital management.
In summary, despite market fluctuations and vocal criticism from gold advocates, Strategy’s $27 million Bitcoin purchase underscores its unshakable belief in the long-term value of BTC. The company’s growing holdings, favorable tax developments, and rising stock price suggest that its bold bet may be paying off—not just in returns, but in shaping the future of institutional finance.