Michael Saylor Raises $4.2 Billion Through ATMs to Accumulate More Bitcoin

Notice of stock issuance via ATM

Strategy’s strategy to expand its Bitcoin treasury includes a $4.2 billion fundraising event announced in its latest ATM program. As of July 29, 2025, it owns 628,791 BTC worth approximately $74 billion. The company could add approximately 57,200 BTC at an average purchase price of approximately $73,277/BTC. This would bring the company’s total holdings to over 685,000 BTC, or approximately 3.5% of the current total BTC supply (19.9 million BTC). This cements Strategy’s position as a leader in institutional Bitcoin, far surpassing rivals such as Marathon Digital Holdings (26,500 BTC).

In addition, this move reflects Michael Saylor’s innovative financial strategy, in which he uses instruments such as convertible bonds and preferred shares to raise capital without having to sell existing BTC. Orientation is positioning itself as a “value creation factory” based on Bitcoin growth, despite volatility risks, with a projected $34 billion operating profit and $24 billion net income for the full year 2025, along with a BTC (BTC) yield target.

Shaping Bitcoin's Market Leadership

According to the strategy, by raising $4.2 billion, the company could surpass the 700,000 BTC mark by the end of 2025, with the portfolio value potentially rising to $82 billion if BTC hits $120,000. This cements Saylor's pioneering position, as his "Bitcoinization" strategy could inspire other businesses to leverage Bitcoin. However, to sustain growth, the company needs to manage financial risks, especially as its debt matures in 2030.

This event reinforces the institutional trend in the Bitcoin market, with analysts such as Bernstein predicting that companies could invest $330 billion in Bitcoin by 2030. The price of BTC could surpass $130,000 if the strategy continues, but this depends on market stability and support from the US government, especially with the newly launched “Project Crypto.”

Conclusion and evaluation

Michael Saylor’s Strategy raising $4.2 billion to buy more Bitcoin is a major milestone, reflecting the firm’s bold strategy and long-term vision for accumulating BTC. This event not only solidifies Strategy’s position as an institutional leader but also fuels Bitcoin’s price rally, despite the risks of volatility and regulation. In the context of the SEC’s recently announced “Project Crypto,” it is a sign that cryptocurrencies are reshaping corporate finance, ushering in a new era of both opportunities and challenges.

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