Michael Saylor Is Buying Bitcoin Again: MicroStrategy May Buy More Bitcoin

Michael Saylor has a way of moving markets without saying much. Recently, he posted the Bitcoin tracker again on X (formerly Twitter)—a move that historically precedes large-scale Bitcoin purchases. For those familiar with his patterns, this wasn’t just a casual update—it was a signal.

In 21 years, you'll wish you'd bought more. pic.twitter.com/s1I607RVda

— Michael Saylor (@saylor) June 29, 2025

Since November 2024, it is said that Saylor has been buying millions to billions of dollars worth of BTC every week, but he often doesn’t tell anyone about the buys until weeks later. This stealth accumulation method not only has little effect on the market when purchases are made, but it also causes prices to rise when the news is made public.

The speculation now is that Saylor is preparing to add yet another massive chunk of BTC, possibly taking MicroStrategy’s holdings well beyond 600,000 BTC, making it one of the largest concentrated Bitcoin wallets in the world.

1. MicroStrategy Now Holds Over $42 Billion in Bitcoin

According to the latest data, MicroStrategy has accumulated over 600,000 BTC—an extraordinary number that translates to roughly $42 billion in value at the time of writing. The average cost basis for these holdings is $70,700 per BTC, which is even more impressive. That means Saylor has not only held on through bear markets, but he has also bought at highs, fully confident in the long-term direction of Bitcoin.

This is not a small hedge for a business. This is a full-blown Bitcoin treasury strategy that is unlike anything else in the world of finance.

📌 Important context:

• These purchases make MicroStrategy the largest public company holder of BTC
• The company’s market identity has shifted from software to Bitcoin-focused financial asset
• Saylor has effectively turned MicroStrategy into a Bitcoin ETF with a NASDAQ ticker

From a business perspective, this bold strategy has drawn both praise and criticism—but from a market psychology standpoint, it’s undeniable: Saylor is all-in.

2. What 600,000 BTC Really Means

Let’s put this in context. There are only 21 million bitcoins in circulation. That means that MicroStrategy’s 600,000 BTC is 2.86% of the total supply. If we use the current circulating supply of about 19.88 million BTC, that number goes up to about 3.02%.

That’s a staggering concentration of Bitcoin in the hands of a single company—sparking a growing debate in the crypto community about centralization risks, even though Bitcoin’s core architecture remains decentralized through nodes and mining.

It also raises the question: How much is too much? At what point does MicroStrategy—or any large whale—start influencing not just the price, but the narrative?

3. Saylor’s Caution to the Market: This Isn’t a Game

Unlike earlier in his Bitcoin journey, Saylor’s tone in 2025 has shifted. He’s still deeply bullish, but now pairs that optimism with frequent warnings. In a recent interview, he emphasized that Bitcoin is not a get-rich-quick scheme. Instead, it’s a strategic, volatile, high-risk investment that demands discipline.

“Investing in Bitcoin should not be based on hype or speculation. It’s critical to approach this asset class with a clear plan,” Saylor said.

He warned of the risks tied to current market conditions:

• High price volatility driven by geopolitical and macroeconomic news
• Increasing interest rates and a tightening U.S. monetary environment
• Ongoing regulatory scrutiny, especially post-ETF approvals
• The emotional rollercoaster of buying the top and selling the dip

Saylor’s message is clear: Know what you’re getting into.

4. A Look Back: The Bitcoin Journey from 2020 to 2025

When MicroStrategy became the first significant publicly traded company to accept Bitcoin as a treasury reserve asset in 2020, Michael Saylor entered the Bitcoin market. Bitcoin was trading between $10,000 and $12,000 at the time.

Fast-forward to 2025, and not only has the company survived intense volatility, but it has also:

• Added BTC at every major dip and rally
• Shifted investor perception of what a corporate balance sheet can hold
• Inspired other firms (like Tesla and Block) to consider similar moves

His early purchases were seen as bold. His later purchases were seen as overconfident. Now, they’re being recognized as strategic positioning for a Bitcoin-led future

5. Is Bitcoin Centralized Now? Not Quite…

There’s growing concern in the crypto space about the idea that a single entity controls such a large portion of Bitcoin. But Saylor has repeatedly addressed these concerns.

His rebuttal is rooted in Bitcoin’s design:

“Bitcoin is decentralized not by ownership—but by infrastructure. No one controls the mining, nodes, or consensus.”

While the concentration of BTC may raise eyebrows, it doesn’t give MicroStrategy—or anyone—control over how the network functions, nor can it change protocol rules or block transactions.

However, it is impossible to dispute the market and psychological impact of such a sizable holder. Market volatility can—and frequently does—occur when Saylor makes a significant announcement or sell-off.

6. Saylor Is Still Bullish, But Smarter Than Ever

Saylor is the seasoned veteran in 2025, not just the Bitcoin bull. He has witnessed bear crashes, bull runs, ETF approvals, and regulatory threats, but he continues to quietly, steadily, and firmly amass Bitcoin.

There may be more buys ahead based on his recent signals. More significantly, though, his cautions demonstrate maturity and a wish to see new investors enter the market in a secure manner. So, what are YOU supposed to do?