MicroStrategy Nears 600,000 Bitcoin Mark—But Will It Pull the Trigger?
MicroStrategy—now rebranded simply as “Strategy”—is inching closer to a symbolic milestone: 600,000 bitcoin. The company’s latest purchase of 4,980 BTC last week brought its total stash to 597,325, worth roughly $65 billion at current prices. That leaves it just 2,675 BTC short of the big round number.
The question now is whether CEO Michael Saylor will push the button on another buy this week. If he does, it’ll mark the 13th straight week of purchases—breaking the company’s own record. But Saylor’s recent tweet, “Some weeks you just need to HODL,” has left some wondering if a pause is coming.
Corporate Bitcoin Buying Spree Continues
Strategy isn’t the only one loading up. Reports show 18 companies added a combined 8,400 BTC to their balance sheets last week. Figma, the design software firm, was among the biggest buyers after Strategy. Even BlackRock’s IBIT ETF has crossed the 600,000 BTC threshold, proving institutional interest isn’t slowing down.
All this activity is nudging bitcoin’s price closer to its all-time high. At the moment, it’s trading around $108,650—just shy of the $111,980 peak. Another big purchase announcement from Strategy could be the push it needs to break through. But if Saylor holds off, we might see some profit-taking instead.
Legal Trouble Looms in the Background
Not everything is smooth sailing for Strategy. The company and Saylor are facing a class-action lawsuit alleging they didn’t properly disclose an unrealized loss in Q1 2025. If the court rules against them, it could force hefty write-downs—potentially making it harder to keep funneling cash into bitcoin.
Still, Strategy’s track record suggests it won’t back down easily. The company has been relentless in stacking bitcoin, even during market dips. And with just 2,675 BTC left to hit 600,000, the temptation to cross that line might be too strong to resist.
For now, traders are watching Saylor’s next move. A tweet, a chart, or even silence—any of them could send the market in one direction or another. And in crypto, that kind of suspense is just part of the game.
