Michael Saylor’s Strategy acquires $531M in Bitcoin, boosting holdings near 600,000 BTC

  • The average purchase price for the new acquisition was $106,801 per coin.
  • The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the crypto.
  • According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets.

Michael Saylor’s Strategy, the largest public holder of Bitcoin, added 4,980 BTC to its balance sheet last week, according to a US Securities and Exchange Commission filing on Monday.

The purchase, valued at $531.1 million, came as Bitcoin rallied from around $101,000 to above $108,000 during the final week of June, per CoinGecko data.

The average purchase price for the new acquisition was $106,801 per coin, bringing the firm’s total Bitcoin holdings to 597,325 BTC.

The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the cryptocurrency, with an average purchase price of $70,982 per BTC.

The Bitcoin ‘Strategy’

Strategy funded its latest purchase using proceeds from its active at-the-market (ATM) offerings.

Last week, the firm sold 1,354,500 shares of its Class A common stock (MSTR) for $519.5 million.

It also sold 276,071 shares of its Strike preferred stock (STRK) for $28.9 million and 284,225 shares of its Strife preferred stock (STRF) for $29.7 million.

Following the latest acquisition, Strategy’s year-to-date gain in Bitcoin now totals 85,871 BTC, compared with a full-year gain of 140,538 BTC in 2024.

That equates to a $9.5 billion BTC gain this year, according to the company’s internal figures.

The company also reported modest increases in its yield metrics.

Year-to-date Bitcoin yield rose by 0.5 percentage points to 19.7%, inching closer to Strategy’s goal of 25% yield by the end of 2025.

Quarter-to-date yield also edged up by 0.4 percentage points to 7.8%.

More BTC buys may be on the way for Strategy?

On Sunday, Strategy Executive Chairman Michael Saylor had again hinted at a potential upcoming bitcoin purchase, updating the company’s bitcoin portfolio tracker on Sunday with the remark, “In 21 years, you’ll wish you’d bought more.”

The comment echoes his BTC Prague keynote, where he projected Bitcoin’s value could reach $21 million per coin within two decades.

Between June 16 and June 22, Strategy acquired an additional 245 BTC for approximately $26 million at an average price of $105,586 per bitcoin.

The company had slowed its purchasing pace in recent weeks as it shifted focus from its at-the-market (ATM) common stock program to issuing perpetual preferred shares to finance further acquisitions.

The latest purchase marks a return to using the MSTR ATM after more than a month.

According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets, continuing the trend initiated by Saylor and MicroStrategy.

Recent adopters include Tether-backed Twenty One, Nakamoto, Trump Media, and GameStop, alongside earlier entrants such as Semler Scientific and KULR Technology Group.

Japanese firm Metaplanet also announced on Monday that it had added 1,005 BTC to its reserves, raising its total holdings to 13,350 BTC—surpassing those of Galaxy Digital and CleanSpark.

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Chainlink price analysis as exchanges see net outflows of 3.8M LINK

  • Chainlink has seen exchange outflows of 3.86 million LINK since June 20.
  • LINK trades above $13, up 12% this past week after a recent Mastercard partnership.
  • Price targets for bulls include a potential rally to $25–$30, while bears may eye lows of $10.

Chainlink (LINK) price is up 12% in the past week as it changes hands near $13, with significant token outflows from exchanges recorded in the last ten days.

Moreover, LINK looks to continue higher after a recent high-profile partnership with Mastercard, which catalyzed gains for the token.

Despite potential profit-taking, LINK’s strength sees bulls hover near a major supply wall.

Chainlink sees 3.86 million LINK go off exchanges

According to data from analytics platform Sentora, formerly IntoTheBlock, Chainlink has experienced a consistent net outflow of tokens from centralized exchanges (CEX) since June 20, 2025.

Notably, approximately 3.86 million LINK tokens, valued at roughly $51.26 million, have been withdrawn from exchanges.

This trend typically indicates that investors are moving their holdings to private wallets.

In short, it signals long-term accumulation as opposed to potential selling pressure, with reduced exchange balances often seeing a supply squeeze that investors often allude to prices going higher.

As noted above, the exchange outflows align with growing optimism around Chainlink’s role in the crypto space.

In particular, its technology is increasingly bridging traditional finance (TradFi) and decentralized finance (DeFi), exemplified by the mega collaboration with Mastercard.

LINK price analysis

Chainlink’s price is trading at around $13.31, down 1.3% in the past 24 hours but up nearly 12% over the last week, reflecting strong weekly performance.

Despite the slight daily dip, LINK remains above the critical $13 support level.

It shows resilience amid mixed market conditions, a scenario that points to a potential bullish breakout.

The recent Mastercard partnership, announced on June 24, 2025, has fueled market enthusiasm.

Plans are to enable over 3 billion cardholders to purchase crypto on-chain via the Swapper Finance platform.

Observers and industry experts say this integration, powered by Chainlink’s interoperability infrastructure, could drive a surge in open interest.

The metric is up 0.4% to $547 million, with derivatives volume rising 51% to $607 million.

If buyers can push LINK above the immediate resistance zone around $14, the token could target the $25–$30 range.

The area marks a significant psychological and technical hurdle, above which they could target the 2021 peak of $52.

However, failure to hold above $13 could see bears take control. In this case, the key support levels would be at $10.

But a drop below this level might embolden sellers, potentially bringing the demand reload zone of $5 into play.

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