Michael Saylor Drops $500 Million On Bitcoin—What’s His Next Move?

MicroStrategy has purchased an additional 4,980 Bitcoin, bringing its total holdings to 597,325 BTC, worth over $64 billion at current market prices. The company has spent around $42.4 billion on its Bitcoin stash, with an average cost of $70,982 per coin. MicroStrategy's Bitcoin yield is nearly 20% year-to-date, with a 7.8% gain in the second quarter alone. The company is aiming for a 25% yield by the end of 2025. MicroStrategy now controls almost 3% of all mined Bitcoin, inspiring 134 publicly traded firms to add Bitcoin to their corporate treasuries. Recent adopters include Twenty One, Trump Media, and GameStop. In Japan, Metaplanet added 1,005 BTC to its holdings, while in Europe, The Blockchain Group bought 60 BTC, lifting its holdings to 1,788 BTC. Cryptocurrency exchanges are responding to the demand, with Gemini rolling out a tokenized version of MicroStrategy stock for EU investors. Bitcoin is currently holding near $108,000, with some traders expecting a brief pullback before attempting to breach $109,000. If Bitcoin clears the $110,000-$112,300 zone, it could trigger a short squeeze and push prices into fresh record territory.