MicroStrategy’s Bitcoin Hoard: How Much Do They Hold?

MicroStrategy’s Bitcoin Hoard: How Much Do They Hold?

As of June 29, 2025, MicroStrategy—now operating under the name “Strategy”—owns 597,325 BTC, acquired at an average price of roughly $106,800 per coin, representing a total investment of approximately $64 billion. This puts them just shy of the 600,000 BTC milestone and makes them the biggest public corporate Bitcoin holder worldwide .

Here's a breakdown:

  • Recent buy: 4,980 BTC between June 23–29 for about $531.9 million.

  • Cost basis: Around $66,400 per BTC on average.

  • Market value: With Bitcoin at ~$107,500, their stash is valued at over $64 billion.

Michael Saylor: The Man Steering the Bitcoin Tank

Michael J. Saylor, co‑founder and executive chairman since 2022, has completely transformed MicroStrategy from a software company into a Bitcoin Treasury Company . Why?

  1. Inflation caution: Saylor sees cash as a “melting ice cube” and champions Bitcoin’s capped supply of 21 million coins.

  2. Financing model: They’ve raised capital via at‑the‑market offerings, convertible debt, and preferred stock, funneling proceeds into Bitcoin purchases.

  3. Bigger vision: Saylor predicts Bitcoin could reach $21 million over the next two decades—mapping onto his “Power of 21” thesis.

Through his guidance, MSTR has surged: a 3,000% stock return since pivoting to BTC vs. ~78–115% for the S&P 500.

Toward the S&P 500: On the Cusp of Inclusion

MicroStrategy is in serious contention for the S&P 500, but it's contingent on key thresholds:

  • Earnings: They must report positive net income over the past four quarters, now possible due to Bitcoin unrealized gains being counted under new accounting standards (ASU 2023‑08).

  • Bitcoin price: If BTC stays above $95,240 through June 30, 2025, analyst Jeff Walton estimates a 91% probability of eligibility.

Given BTC remained around $106k+, that forecast leans heavily in their favor .

MSTR vs. S&P 500: Returns & Volatility Snapshot

Metric MicroStrategy (MSTR) S&P 500
YTD stock return +~28–40% (partial gains from BTC rallies) +~115% in last year
Correlation with Bitcoin Very high; stock mimics BTC swings N/A
Volatility Historically volatile, but recent dip to multi‑year lows Moderately lower

MicroStrategy is essentially a leveraged proxy for Bitcoin—twice the upside (and downside) compared to holding BTC directly, thanks to their debt issuance and treasury strategy.

Why It Matters for Investors & SEO Value 👇

  1. Bitcoin exposure: MSTR offers equity-market access to BTC without buying crypto directly.

  2. Portfolio strategy: Their S&P 500 inclusion could unlock institutional exposure to Bitcoin via mainstream index funds.

  3. Volatility insight: Their return profile reflects BTC’s mood swings; when crypto rallies, so does MSTR—and vice versa.

Conclusion

MicroStrategy's Bitcoin reserves have now crossed 597,000 BTC, worth over $64 billion. Under Michael Saylor's stewardship, the company’s strategy has been bold—and it may soon pay off in the form of S&P 500 inclusion. For those tracking crypto markets or searching for equity alternatives to Bitcoin, MicroStrategy remains a standout, high-conviction case with a potent upside/downside dynamic.

 

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