Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made another major investment in the asset during the week BTC surged to new historic highs of $118,000.
Strategy acquired 4,225 Bitcoin (BTC) for $472.5 million last week, the company announced in a US Securities and Exchange Commission filing on Monday.
Strategy’s new Bitcoin buy averaged $111,827 per coin, with BTC surging from around $108,000 last Monday to $118,000 by the end of the week, according to CoinGecko.
The acquisition has increased Strategy’s Bitcoin holdings to 601,550 BTC, purchased for about $42.87 billion at an average price of $71,268 per coin.
Strategy’s first buy in July
Strategy’s latest Bitcoin purchase was its first officially disclosed in July, following a brief pause during the first week of the month.
During that period, Strategy announced a $4.2 billion stock sale and reported $14 billion in unrealized gains for Q2 2025. A similar pause occurred in early April, likely as the company prepared to report its Q1 gains.
The new purchases brought Strategy’s Bitcoin year-to-date (YTD) gain to 88,062 BTC, or $10.9 billion, compared to a 140,538 BTC gain for the entire 2024, or $13 billion, according to Strategy’s data.
“It’s going up forever, Laura”
Strategy’s latest Bitcoin purchases came amid Bitcoin breaking through the past historical highs above $112,000 last Wednesday.
After starting the week at $108,000, the Bitcoin price surged to $118,000 by Sunday. It has seen further growth to as high as $123,000 on Monday.
As Bitcoin has continued to break new all-time highs since last Wednesday, Strategy’s co-founder Saylor has remained vocal in expressing his bullish outlook on social media.
Related: Strategy’s Michael Saylor raises Bitcoin forecast to $21M by 2046
“It's going up forever, Laura,” Saylor wrote in response to Unchained’s founder Laura Shin, who took to X to post about BTC breaking $119,000 on Sunday.
Saylor first delivered the line during a 2021 interview on Shin’s Unchained podcast, where he said:
“It's the technically superior asset class compared to the dollar, the euro, [...] Compared to a stock index, compared to gold, compared to silver, compared to everything you can conceivably buy [...] If you have the superior asset, it's going up forever, Laura.”Magazine: Pakistan will deploy Bitcoin reserve in DeFi for yield, says Bilal Bin Saqib