Michael Saylor’s Strategy continues aggressive Bitcoin accumulation despite record prices, signaling strong institutional conviction as retail investors finally join the rally.
Strategy purchased 4,225 Bitcoin for $472.5 million between July 7-13 at an average price of $111,827, expanding its holdings to 601,550 BTC worth $72.25 billion. The acquisition comes as Bitcoin tests new all-time highs, demonstrating the company’s unwavering accumulation strategy. “Short Bitcoin if you hate money,” Saylor recently tweeted, reinforcing his bullish stance.
Japanese firm Metaplanet also added 797 BTC to its reserves, bringing its total to 16,352 BTC with a higher average cost basis of $100,191. Meanwhile, Glassnode data reveals shifting investor behavior – whales (1,000-10,000 BTC holders) show strong accumulation while retail investors (under 1 BTC) have begun buying after initial distribution.
Bitcoin briefly touched $123,000 before retreating to $119,900, as the market digests Strategy’s massive purchase and evolving investor participation. The company’s $42.87 billion Bitcoin investment now yields 68.5% unrealized gains, validating its early adoption strategy.
CryptoFeedHub Note: This article is a rewritten summary based on external reporting. Original source: Bitcoinist.