Michael Saylor Goes All In Again: Another $742M in Bitcoin

Michael Saylor, the founder of Strategy, confirmed the latest Bitcoin acquisition. The purchase came just weeks after the company’s rebranding, which included a new name, redesigned logo, and a reaffirmed commitment to Bitcoin-first investment strategy. However, the move also followed a disappointing financial report, revealing a $670.8 million net loss for the last quarter.

Still, Strategy is undeterred. The company’s Bitcoin holdings are deep in the green, with an average acquisition price of just $65,033 per BTC—leaving an unrealized profit of $16 billion. As long as that number stays below the market price, Saylor’s conviction remains unshaken.

Сheck out:MicroStrategy Reports Loss but Holds Firm on Bitcoin Stash Worth Watching

Strategy has set its sights on raising a massive $42 billion over the next two years using special bonds—a move designed to keep its Bitcoin reserves growing.

But not everyone’s buying into the plan. Some analysts warn that if Bitcoin prices take a nosedive, the company could find itself in a financial bind, constantly needing fresh capital just to stay afloat and cover old debts. Will this strategy hold up, or is it built on shaky ground?

Read on: BlackRock Doubles Down on Bitcoin—Boosts Stake in Strategy to 5%