{"id":38065,"date":"2025-07-22T06:01:43","date_gmt":"2025-07-22T06:01:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38065"},"modified":"2025-07-22T06:01:43","modified_gmt":"2025-07-22T06:01:43","slug":"strategy-drops-740-million-on-bitcoin-now-holds-over-600000-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38065","title":{"rendered":"Strategy Drops $740 Million on Bitcoin, Now Holds Over 600,000 BTC"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Strategy just made another huge Bitcoin move. According to a July 21 SEC filing, the company spent $739.8 million to buy 6,220 BTC, paying an average of $118,940 per coin. That brings its total holdings to 607,770 BTC. The average buy-in across all purchases sits at $71,756, putting the company up nearly $28 billion on paper with Bitcoin trading near $120,000.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Stock Sales Cover the Bill<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">To pull it off, Strategy sold 1.64 million shares of its <\/span><span data-preserver-spaces=\"true\">own<\/span><span data-preserver-spaces=\"true\"> stock, raising around $736.4 million. It also raised an additional<\/span><span data-preserver-spaces=\"true\">\u00a0$3.9 million by selling off smaller positions. Altogether, the fresh cash was funneled directly into Bitcoin. <\/span><span data-preserver-spaces=\"true\">At current supply rates, this single purchase consumed almost two weeks\u2019 worth of new Bitcoin entering<\/span><span data-preserver-spaces=\"true\">\u00a0the market.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> STRATEGY BUYS ANOTHER 6,220 <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#BITCOIN<\/a> FOR $739.8 MILLION<a href=\"https:\/\/twitter.com\/hashtag\/cryptonews?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#cryptonews<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Altcoinnews?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#Altcoinnews<\/a> <a href=\"https:\/\/t.co\/EcP1fQu1mi\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/EcP1fQu1mi<\/a><\/p>\n<p>\u2014 Crypto Empire (@Cryptoempire19) <a href=\"https:\/\/twitter.com\/Cryptoempire19\/status\/1947336321518768533?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span data-preserver-spaces=\"true\">Warnings Start Rolling In<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Not everyone\u2019s impressed. James Check from Checkonchain said these kinds of strategies might work for now, but things could get ugly fast if prices take a hit. <\/span><span data-preserver-spaces=\"true\">Companies <\/span><span data-preserver-spaces=\"true\">chasing<\/span><span data-preserver-spaces=\"true\"> this model could be <\/span><span data-preserver-spaces=\"true\">forced<\/span><span data-preserver-spaces=\"true\"> to sell Bitcoin <\/span><span data-preserver-spaces=\"true\">just<\/span><span data-preserver-spaces=\"true\"> to prop up their stock.<\/span><span data-preserver-spaces=\"true\"> That means added volatility for everyone involved, not just the firms holding the coins.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.33T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-687f271f5715b\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">Matthew Sigel at VanEck agrees there\u2019s risk. He pointed out that selling shares while they\u2019re trading above fair value makes sense. <\/span><span data-preserver-spaces=\"true\">But<\/span><span data-preserver-spaces=\"true\"> if prices fall too close to book value, <\/span><span data-preserver-spaces=\"true\">pumping out<\/span><span data-preserver-spaces=\"true\"> more shares can <\/span><span data-preserver-spaces=\"true\">hurt<\/span><span data-preserver-spaces=\"true\"> long-term investors.<\/span><span data-preserver-spaces=\"true\"> His view? <\/span><span data-preserver-spaces=\"true\">Firms need better <\/span><span data-preserver-spaces=\"true\">rules around<\/span><span data-preserver-spaces=\"true\"> when to raise money and when to <\/span><span data-preserver-spaces=\"true\">hit<\/span><span data-preserver-spaces=\"true\"> pause.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Following the Playbook<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Strategy is not alone in this approach. <\/span><span data-preserver-spaces=\"true\">More and more<\/span><span data-preserver-spaces=\"true\"> public firms are <\/span><span data-preserver-spaces=\"true\">using<\/span><span data-preserver-spaces=\"true\"> Bitcoin as a treasury asset.<\/span><span data-preserver-spaces=\"true\"> They raise funds by selling shares, then buy BTC. <\/span><span data-preserver-spaces=\"true\">When markets are <\/span><span data-preserver-spaces=\"true\">flying<\/span><span data-preserver-spaces=\"true\">, it makes them <\/span><span data-preserver-spaces=\"true\">look smart<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> But if things stall, the same tactic could backfire. Sigel says companies need to think harder about timing and structure before turning this into a long-term playbook.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">It\u2019s Also a Bet on Bitcoin<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">For all<\/span><span data-preserver-spaces=\"true\"> the critiques, this kind of spending <\/span><span data-preserver-spaces=\"true\">shows <\/span><span data-preserver-spaces=\"true\">real<\/span><span data-preserver-spaces=\"true\"> confidence in Bitcoin.<\/span><span data-preserver-spaces=\"true\"> You don\u2019t throw $740 million into something unless you think it will last. <\/span><span data-preserver-spaces=\"true\">With Bitcoin <\/span><span data-preserver-spaces=\"true\">pushing past<\/span><span data-preserver-spaces=\"true\"> $120,000 and the overall crypto market <\/span><span data-preserver-spaces=\"true\">climbing<\/span><span data-preserver-spaces=\"true\"> above $4 trillion, this is a signal that some investors <\/span><span data-preserver-spaces=\"true\">see<\/span><span data-preserver-spaces=\"true\"> the space maturing.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Will It Hold?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The next few months will reveal whether this model holds up. If Strategy\u2019s stock stays strong, others may follow. If it starts wobbling, the fallout could force buybacks or internal shakeups. Either way, markets will be watching closely.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Strategy\u2019s giant Bitcoin haul puts it among the <\/span><span data-preserver-spaces=\"true\">biggest<\/span><span data-preserver-spaces=\"true\"> corporate holders in the world. <\/span><span data-preserver-spaces=\"true\">That $28 billion gain looks <\/span><span data-preserver-spaces=\"true\">great<\/span><span data-preserver-spaces=\"true\">, but it\u2019s only real if the company can manage risk and <\/span><span data-preserver-spaces=\"true\">stay liquid<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> This might be a turning point, or it could be a cautionary tale in the making.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Strategy bought 6,220 BTC for $739.8 million, raising its total holdings to 607,770 BTC worth nearly $73 billion at current prices.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The company funded the purchase by selling 1.64 million shares and small asset positions, using every dollar to buy Bitcoin.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Analysts warn that this model creates risks, especially if share prices drop and firms are forced to sell BTC to stay afloat.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Strategy is part of a growing trend of public firms using Bitcoin as a treasury asset, raising money through stock sales.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        This massive buy signals a <\/li>\n<p><\/span><span data-preserver-spaces=\"true\">strong<\/span><span data-preserver-spaces=\"true\"> long-term belief in Bitcoin but also raises questions about volatility and financial stability.<br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/adoption\/strategy-buys-740m-in-bitcoin-now-holds-over-600000-btc\/\">Strategy Drops $740 Million on Bitcoin, Now Holds Over 600,000 BTC<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strategy just made another huge Bitcoin move. According to a July 21 SEC filing, the company spent $739.8 million to buy 6,220 BTC, paying an average of $118,940 per coin. That brings its total holdings to 607,770 BTC. The average buy-in across all purchases sits at $71,756, putting the company up nearly $28 billion on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38065","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38065"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38065\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}