Key Takeaways:
- Michael Saylor’s Strategy recently added $217 million worth of Bitcoin to its treasury.
- On the same day, Japan’s Metaplanet also bought more BTC.
- However, Strategy stood out owing to the larger scale of purchase and Saylor joining the Bloomberg Billionaires Index.
The Bitcoin playbook of Michael Saylor is ongoing in 2025 with his company, Strategy, acquiring another tranche of BTC to its already huge reserves. On September 8, the firm announced it had acquired 1,955 BTC at an average cost of approximately $111,196 per BTC, and used approximately $217.4 million of capital.
Michael Saylor’s Strategy Now Holds Over 638,000 BTC
After this purchase, the total Bitcoin holdings of Strategy (formerly MicroStrategy) have reached 638,460 BTC. The company has spent almost $47.17 billion on acquisitions altogether, and its blended cost base is approximately $73,880 per BTC. The company is sitting on a huge amount of gains since the current BTC price is much higher than the acquisition cost.
Strategy reports a Bitcoin yield of 25.8% year-to-date, highlighting how its aggressive buying program has thus far been paid off in 2025. The uniformity of the strategy used by the firm in the form of both rallies and pullbacks has solidified its position as the biggest corporate owner of Bitcoin globally.
A wallet related to #Metalpha just withdrew 11,500 $ETH($49.34M) from #Aave and deposited it into #Binance.https://t.co/ya7pvQcnuH pic.twitter.com/4pqn4Vax61
— Lookonchain (@lookonchain) September 8, 2025
The latest accumulation was funded with proceeds of a series of at-the-market equity offerings. The first week of September saw Strategy execute the Strategy tapped its STRF, STRK, and MSTR issuance program, selling more than 750,000 shares into the market. These sales accumulated a little over $217 million in net proceeds, which were promptly invested in the purchase of Bitcoin.
At-the-market mechanism has become the key element of the treasury model of Strategy. The strategy of selling stock in bits at the right time guarantees the firm a consistent flow of funds, which can be redirected into cryptocurrency. Strategy has a strong capacity to add to its reserves without the need to issue more debt, as it can still raise its approved share capacity into the billions, without the need to resort to conventional debt issues.
What has drawn attention this time is the level at which Strategy decided to add more BTC. The purchase price is significantly higher than the lifetime average purchase price of the firm at an average of $111,196, and it indicates belief in the fact that even after the recent turbulence, the upside of Bitcoin has not been erased yet. Market observers point out that this aggressive buying of strength might be a sign of faith in the idea that institutional buying and supply structure are preconditioning a new rise.
Moreover, Strategy still stands strong as the first and largest Bitcoin treasury company. Nonetheless, newer entrants like Metaplanet have been ramping up operations as well. Today, Metaplanet, also known as Japan’s MicroStrategy, added $15.2 million in Bitcoin as its holdings surpassed 20,000 BTC.
Saylor’s Rising Fortune
In conjunction with the aggressive treasury activity of the company, founder and Executive Chairman Michael Saylor has been listed in the Bloomberg Billionaires Index. He now has an estimated net worth of $7.37 billion and has ranked 491st on the world list. His wealth has increased by almost 15.8 percent and that is by almost $1 billion since the beginning of the year.
Personal fortunes of Saylor are deeply connected with the stock of Strategy, which increased in 2025 due to the growth of Bitcoin. The high status in the crypto world, as well as his insistent support of Bitcoin as a treasury asset, has made him one of the most familiar individuals bridging corporate finance with digital assets.
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