Will 600K Bitcoin Be The Tipping Point? Saylor’s Strategy Sparks Institutional Wave

MicroStrategy’s bitcoin stash sits at 597,325 BTC valued at nearly $65 billion, and the next move could put the company over the 600,000 mark.

The company (rebranded to Strategy) snapped up 4,980  BTC last week for $531 million, marking its 12th straight weekly purchase. Now, all eyes are on whether CEO Michael Saylor will flip the switch for week 13.

Rising Corporate Bitcoin Treasuries

According to the company’s own portfolio chart, Strategy holds 597,325 BTC on its balance sheet. That haul is just 2,675 BTC shy of a symbolic milestone.

Last week’s buy matched the record set between late 2024 and early 2025. If Strategy buys again this week, it will break its own buying record and push total holdings above 600,000 BTC.

Some weeks you just need to HODL. pic.twitter.com/rVcFQkFoG0

— Michael Saylor (@saylor) July 6, 2025

Many firms are watching Strategy’s moves. A fresh purchase announcement often sparks a rally in Bitcoin’s price. The chart’s release on X is widely seen as a precursor to new acquisitions.

But Saylor’s caption—“Some weeks you just need to HODL”—has left some investors guessing. It might signal a pause rather than a green light.

Bitcoin Balance Sheets Reach New Heights

Based on reports from treasury firms, 18 companies added a combined 8,400 BTC to their coffers last week.

Strategy led the charge with nearly 5,000 BTC, followed by design software maker Figma. This surge brings total corporate bitcoin holdings ever closer to levels once considered impossible.

Strategy chairman Michael Saylor. Image: Wikimedia Commons.

BlackRock’s IBIT ETF recently crossed the 600,000 BTC threshold, proving that big asset managers are just as hungry for crypto as nimble startups.

The combined action is pushing bitcoin ever closer to its record high. At press time, Bitcoin trades at about $108,650—just 28% below its $111,980 peak.

Class-Action Suit Over Accounting Practices

Strategy and Saylor are defending against a class-action lawsuit that accuses them of failing to disclose an unrealized Q1 2025 loss.

The suit claims the company hid billions in markdowns. If the court sides against Strategy, the company could face hefty write‑downs. That might make it harder to funnel more cash into bitcoin.

Bitcoin Trading Inches Closer To Record

Bitcoin’s current trading level suggests a market on edge. A new purchase announcement from Strategy could nudge prices past $111,950. But if the company holds off, profit‑taking could drag bitcoin back. Investors will be watching Saylor’s next post for a clear signal.

Strategy is just 2,675 BTC away from claiming a new buying streak record and hitting 600,000 BTC. If history repeats itself, the announcement will arrive any day now.

For now, though, the market remains in suspense—and that uncertainty often brings its own kind of excitement.

Featured image from Meta, chart from TradingView

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