Michael Saylor Buys 6,220 BTC Worth $740M in New Strategy

Public company Strategy Inc., under the leadership of Bitcoin advocate Michael Saylor , has announced another major acquisition. On July 20, 2025, the firm purchased 6,220 BTC for approximately $739.8 million. This puts the average price at nearly $118,940 per bitcoin, marking one of their highest entry points to date.

Michael Saylor’s Strategy's Now Holds 607,770 BTC

This latest investment pushes Strategy’s total Bitcoin reserves to an astounding 607,770 BTC. The company has spent about $43.61 billion to accumulate this amount. With an average cost of $71,756 per coin, Altcoin treasury continues to grow aggressively.

Source: Tweet

Their year-to-date Bitcoins yield stands at a notable 20.8% in 2025, reflecting a strong bullish stance on the digital asset. Just last week, Strategy made another large buy of 4,225 Altcoin before Bitcoin surged to a new record high. That earlier purchase came in at an average price of $111,827.

Crypto Treasury Trend Gains Traction Across Firms

Strategy Inc.’s aggressive Bitcoins acquisitions have become a leading example of corporate crypto treasuries. The trend of adding Bitcoins to company balance sheets is gaining momentum.

Ethereum is also experiencing some form of institutional interest, showing more corporate acceptance of digital assets in general. Strategy continues to be fully invested in Bitcoin, whereas other companies are expanding into several different cryptocurrencies.

Consistent purchase and absence of doubt of the long-run potential of Bitcoins enable Strategy Inc. to place itself at the first row in the digital asset sphere. It has been led by Michael Saylor to become one of the largest crypto holders of Altcoin around the globe, especially institutionalized.

Bitcoin Eyes Breakout as Bulls Gain Momentum

The Altcoin price continued its bullish trajectory, climbing to $118,644.52 as of July 21, 2025. This upward movement reflects growing market confidence, supported by a 1.20% gain on the day.

The RSI has a value of 67 and it moves below the overbought level of 70. The blue line of MACD is higher than the orange signal line on the MACD, which represents a bullish momentum. The MACD line is still above the signal line and the MACD histogram stays green, all this to confirm the current bullish trend.

Bitcoins is in a narrow range of consolidation at the moment. The level of strong support is witnessed at $115,000 and has been maintaining well against pull-backs.

Source: TradingView

Immediate resistance stands at $120,000, a psychological and technical barrier. A breakout above this level could push BTC toward the next major resistance at $125,000.

If bullish pressure continues and the $120,000 level is decisively breached, BTC may target $125,000 in the short term. On the downside, failure to hold $115,000 could open the door to a retest of the $110,000 region.

To sum up, Strategy Inc.’s $740 million BTC purchase reaffirms its unwavering confidence in digital assets. Such institutional buying could further fuel bullish momentum and push BTC closer to the $125,000 mark.