Bitcoin Falls Below $11,400, Triggering a Resurface of Saylor's Infamous 2020 Prediction
Michael Saylor's company, Strategy, has solidified its position as the largest corporate holder of Bitcoin worldwide. With a staggering Bitcoin treasury valued at over $73 billion, the company has resumed purchasing Bitcoin even at all-time high prices.
In the week ending July 13, 2025, Strategy acquired 4,225 Bitcoins for $472 million, equating to an average price of about $111,827 per coin. Over the quarter, the company spent $7.24 billion on Bitcoin across 13 separate purchases. These acquisitions are primarily funded through marketing preferred shares, which yield dividends and can be traded indefinitely, rather than issuing common stock as before.
Strategy uses Bitcoin both as a hedge against inflation and as a core growth vehicle. The company has adopted an accounting standard (ASU 2023-08) that requires valuing Bitcoin holdings at fair market value, with gains and losses recorded in net income each reporting period. This makes the company’s earnings highly sensitive to Bitcoin price fluctuations.
Despite the volatility, Strategy projects strong financial performance for 2025, with forward guidance estimating approximately $34 billion operating income and $24 billion net income, assuming Bitcoin’s price reaches $150,000 by year-end.
Strategy is also innovating its capital structure by issuing different types of securities backed by Bitcoin to appeal to diverse investors. This approach aims to maximize capital from various investor bases such as debt and equity markets while maintaining premium returns and yields.
Michael Saylor, the founder and executive manager of Strategy, has republished an iconic tweet about Bitcoin from 2020. In the tweet, he describes Bitcoin as "a swarm of cyber hornets serving the goddess of wisdom ... exponentially growing ever smarter, faster, and stronger." The tweet, which has been pinned on Saylor's account since the platform was known as Twitter, remains pinned as of the current date.
The latest Bitcoin purchase by Strategy, totaling 21,021 coins for approximately $2.46 billion, was made on Tuesday this week. This latest purchase has boosted Strategy's holdings to 628,791 coins, worth over $71 billion as of this writing, with Bitcoin trading at $113,375 per coin.
Strategy, which rebranded from MicroStrategy, now focuses solely on holding Bitcoin and generating profits from it. The company has made multiple significant Bitcoin purchases and achieved a year-to-date BTC yield of 25.0% in 2025.
- Michael Saylor's company, Strategy, continues its substantial investing in Bitcoin, even at all-time high prices, with its latest purchase of 21,021 Bitcoin.
- Strategy's Bitcoin treasury is now worth over $71 billion, with each coin trading at $113,375, significantly increasing its holdings to 628,791 coins.
- Strategy's business model primarily revolves around holding Bitcoin and generating profits, having made multiple significant purchases thus far in 2025.
- With Bitcoin being a core growth vehicle and hedge against inflation, Strategy's financial performance is highly sensitive to Bitcoin price fluctuations, particularly with a year-end Bitcoin price target of $150,000.
