MicroStrategy makes aggressive move as Trump signs landmark bill originally appeared on TheStreet .
Michael Saylor's Strategy , earlier MicroStrategy (Nasdaq: MSTR), acquired 6,220 Bitcoin worth $739.8 million during July 14-20, the week the Donald Trump administration declared "Crypto Week" and with the signing of the GENIUS Act, finally turned it into a successful one.
Strategy said it acquired 6,220 BTC at an average price of $118,940 last week.
The company, which began acquiring Bitcoin in 2020, is the largest publicly traded corporate holder of Bitcoin. It now holds 607,770 coins at an average purchase price of $71,756 per BTC that are worth $72 billion at press time.
Strategy sold MSTR shares worth $736.4 million, preferred STRK shares worth $0.7 million, preferred STRF shares worth $0.2 million, and preferred STRD shares worth $3.1 million during the week. The proceeds from the sale of these shares went into pursuing the Bitcoin acquisition.
Join the discussion with Scott Melker on Roundtable here.
The firm's co-founder and executive chairman, Michael Saylor, already hinted at buying even more Bitcoin in an X post on July 20. The post showed the firm's accumulation of Bitcoin and the resultant surge in the value of its holdings over the years.
Meanwhile, the House passed the GENIUS, CLARITY, and Anti-CBDC Acts last week, with Trump signing the first one into law on July 18.
However, the U.S. finally getting its first major crypto law didn't lead to a bullish run for Bitcoin.
The asset, which hit an all-time high (ATH) of $123,091.61 on July 14, was trading at $118,673.15 at press time.
MicroStrategy makes aggressive move as Trump signs landmark bill first appeared on TheStreet on Jul 21, 2025
This story was originally reported by TheStreet on Jul 21, 2025, where it first appeared.
