Michael Saylor buys the biggest dip ever originally appeared on TheStreet .
Michael Saylor's Strategy (Nasdaq: MSTR), formerly MicroStrategy, has acquired 21,021 Bitcoin for $2.46 billion at an average price of $117,256 per coin, the company said on July 29.
Strategy announced the closing of its initial public offering of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) shares at a public offering price of $90 apiece. STRC is expected to begin trading on the Nasdaq Global Select Market on or around July 30.
The firm said it used the net proceeds from the offering, worth approximately $2.47 billion, for its latest batch of Bitcoin acquisitions.
The company, which began adding BTC to its corporate balance sheet in 2020, is already the world's largest publicly traded corporate holder of Bitcoin.
The company's Bitcoin stack of 628,791 coins is currently valued at $74 billion, given that the king coin is trading at $117,725.61 at the time of writing.
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Bitcoin, which hit an all-time high (ATH) of $123,091.61 on July 14, has been struggling to climb back to the highs for the last fortnight. The cryptocurrency has been struggling within the $117,000-$119,000 price range since July 21, the day Strategy announced the launch of STRC stock to select investors.
Saylor, the orange-pilled executive chairman and co-founder of Strategy, is one of the strongest Bitcoin advocates who has predicted that the cryptocurrency will hit the price of $13 million by 2045.
The company's flagship MSTR stock closed at $394.66 on July 29, a decline of 2.26% in a day.
Michael Saylor buys the biggest dip ever first appeared on TheStreet on Jul 29, 2025
This story was originally reported by TheStreet on Jul 29, 2025, where it first appeared.
