Institutional Whale Gobbles 705 BTC in $75M Power Move—Bullish or Reckless?

A crypto investment strategy just dropped $75 million on 705 fresh bitcoins—either a genius accumulation play or proof that money still burns holes in Wall Street pockets.

The Big Bitcoin Bet

No dips, no hesitation—just a cold, hard 705 BTC purchase at an average $106,382 per coin. Someone’s doubling down while retail investors sweat over memecoins.

Timing the Market (or Not)

With Bitcoin hovering below its 2025 highs, this whale-sized buy either sniffed out a local bottom or just triggered a ‘hold my beer’ moment for rivals. Cue the leverage liquidations.

Finance’s Favorite Casino Chip

Meanwhile, traditional asset managers still argue about ‘store of value’ while quietly shuffling client funds into the orange coin. Stay cynical—this is the same industry that called crypto dead 57 times.

In Brief

• Strategy acquires 705 BTC for $75.1 million at an average price of $106,495.
• Total holdings now reach 580,955 bitcoins as of June 1, 2025.
• The company shows a 16.9% return since the beginning of 2025.
• This acquisition consolidates Strategy’s position as the global leader in institutional bitcoin holdings.

Michael Saylor continues his bet on Bitcoin with a new acquisition

Strategy formalized its latest purchase via a regulatory filing with the SEC on June 2. Michael Saylor’s company paid exactly $75.1 million to acquire 705 bitcoins between May 26 and June 1, at an average price of $106,495 per unit.

This new acquisition brings Strategy’s crypto holdings to 580,955 BTC as of June 1, 2025. A colossal reserve representing nearly 2.75% of the total theoretical supply of 21 million bitcoins. The company’s cumulative investment now amounts to $40.68 billion, with an average acquisition cost of $70,023 per BTC.

These figures demonstrate a successful strategy. With the Bitcoin price trading above $100,000, Strategy shows a return of 16.9% since the start of 2025. A remarkable performance that consolidates Michael Saylor’s bullish vision on the reference digital asset.

The timing of this purchase is nevertheless questioned. While Bitcoin trades around $100,000, Strategy continues to invest heavily despite historically high price levels.

This persistence reflects Saylor’s unwavering conviction in crypto’s long-term potential, even if the company’s bitcoin return has “only” reached 16.9% since early 2025.

True to his style, Saylor has revealed the information through an enigmatic tweet on X: “ orange is my favorite color“. For insiders, this orange wink to bitcoin now constitutes an imminent buy signal. A unique communications approach that skillfully blends mystery and marketing strategy.

Contested leadership in a changing market

This new acquisition takes place in a particular context for Strategy. As revealed by our recent analyses, the company is facing growing questions about the transparency of its bitcoin reserves.

Some observers demand more formal “proofs of reserves”, while Michael Saylor justifies this discretion by security imperatives.

At the same time, Strategy’s accumulation pace seems to slow slightly amid increasing institutional competition. More than 110 publicly traded companies now hold bitcoin, compared to 89 a month ago. Companies like Twenty One Capital or TRUMP Media & Technology Group are joining this race for digital gold.

Despite these challenges, Saylor’s strategy continues to attract investors. MSTR stock remains closely correlated with bitcoin movements, offering indirect exposure to the crypto asset for traditional portfolios. This dynamic transforms Strategy into a genuine bitcoin proxy in traditional financial markets.

The company thus maintains its position as a leader in institutional bitcoin adoption, actively contributing to legitimizing crypto among professional investors.

Strategy once again confirms its unwavering faith in bitcoin with this latest acquisition. In a crypto market undergoing institutional maturation, Michael Saylor continues to bet on the future of digital gold. A strategy that, for now, is proving him right.

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