Michael Saylor ignites another BTC frenzy: Holdings unrealized gains of 28 billion, plans to raise another 2.5 billion USD to continue increase the position.

Recently, Michael Saylor, the founder of MicroStrategy (now known as Strategy), once again drew public attention to the massive amount of Bitcoin held by his company, seemingly aiming to emphasize the value of his investment. On July 27, Saylor shared a screenshot of the Strategy Bitcoin portfolio tracker on social media X, showing that he held 607,770 Bitcoins at that time, with a total value of approximately 7.18 billion dollars, and the unrealized gains had exceeded 2.8 billion dollars.

Saylor stated in the post: "It all started with a $250 million Bitcoin," referring to the company's initial Bitcoin strategic investment launched in August 2020.

Since Strategy first invested $250 million to purchase 21,454 Bitcoins in August 2020, it has continued its ongoing accumulation actions, with the most recent increase being the purchase of 6,220 BTC between July 14 and July 20. Currently, its average holding cost is $71,756 per coin, with a total investment of $43.61 billion. According to data from Bitcoin Treasuries, Strategy Company, as the largest institutional holder, holds a total of 607,770 Bitcoins, far ahead of the second-ranked MARA Holdings, which holds 49,951 Bitcoins.

In addition, Strategy recently announced plans to significantly increase the issuance scale of STRC preferred stock from $500 million to $2.5 billion, planning to issue 28 million shares at a price of $90 per share. If the fundraising goes smoothly, the company expects to net $2.474 billion, which will be used entirely to increase its holdings of Bitcoin. However, since the issuance deadline is set for July 29, these funds cannot be used for recent acquisitions.

Looking back at the financing history of Strategy, Michael Saylor and his company previously completed two large-scale purchases through the sale of MSTR stock. This "issuing shares to buy coins" model has become their signature strategy. Market observers point out that Strategy's aggressive approach is rewriting the rulebook for traditional corporate asset allocation. At the same time, under Saylor's leadership, this business software company has successfully transformed into a "Bitcoin holding entity," with its holdings exceeding the reserves of most countries worldwide. Therefore, it is believed that with institutions like Strategy continuing to advance their purchasing plans, as well as listed companies implementing new financing plans, the Bitcoin market may experience a new wave of institutional buying. Conclusion: In summary, as Saylor showcases his Bitcoin holdings worth $71 billion, and with his company's recent efforts to raise $2.5 billion for coin purchases, this company, which has transformed into a "Bitcoin holding entity", is continuously expanding its asset allocation boundaries as a publicly listed company. However, accompanying this highly concentrated investment strategy is a huge volatility risk. Especially against the backdrop of Bitcoin price fluctuations at high levels, whether its aggressive expansion pace can continue to be effective, and whether it can ultimately create miracles instead of suffering from volatility backlash, still needs further market testing. What do you think about the aggressive strategy of "issuing stocks to buy coins" like Strategy? How long can this aggressive expansion last in the highly volatile cryptocurrency market? Leave your thoughts in the comments! #比特币 #MichaelSaylor #Institutional Investment