Key Takeaways
- Strategy plans to spend another $84 billion on its Bitcoin buying plan to acquire more BTC.
- Strategy now targets a 25% bitcoin yield and $15B in BTC gains by 2025, up from previous projections.
- The company has already raised $28.3B and aims to bring another $56.7B over the next 32 months.
Michael Saylor’s Strategy (formerly MicroStrategy) has laid out an ambitious Bitcoin buying plan to increase its Bitcoin holdings.
According to the most recent filings, Strategy, the company that already owns over half a million Bitcoins, plans to spend another $84 billion on its Bitcoin buying plan. Strategy is currently the biggest institutional holder in Bitcoin.
Michael Saylor revealed his company’s ambitious plan via a social media X platform post, saying that the Strategy would raise $42 billion in equity and another $42 billion through fixed income to fund the Bitcoin buying plan. The company hopes its investment will bring a 25% Bitcoin yield and a 15 billion dollar gain target by 2025. Saylor added that he would represent a surge from the previous 15% and $10 billion, respectively. The Bitcoin buying plan is Strategy’s broader investment approach, which aims to use Bitcoin investment to maximize return for shareholders.
Wall Street Analysts Support Strategy
The Strategy Bitcoin buying plan has received the backing of Wall Street analysts who have stood firmly behind the company’s stock (MSTR) even as it plans to double its capital-raising ambitions. Commenting on the MSTR stock and reiterating his buy rating and $650 price target, Mark Palmer from Benchmark stated:
“While the number of companies that have sought to replicate Strategy’s bitcoin acquisition strategy has continued to grow rapidly […] MSTR yesterday issued a reminder of the extent of its first-mover advantage and how its ability to accelerate its accumulation of bitcoin has continued to increase as its platform has scaled.”
Bitcoin Gains and Yield
Strategy currently holds over half a million BTC, with an approximate value of $53 billion, representing over 2.6% of the total Bitcoin supply. Michael Saylor has been actively acquiring Bitcoin over the last few months, with the latest purchase being $1.42 billion spent on April 28, 2025, for 15,355 BTC purchased at an average price of $92,737. This acquisition brought Strategy’s total Bitcoin holdings to 553,555 BTC, which was bought for $37.9 billion.
The firm reported a revenue drop in its year-to-date (YTD) yield of 13.7% during Q1 2025. According to the report, its YTD yields for the BTC stockpile it currently holds were equivalent to gaining over 61,000 Bitcoins, whose value would be around $5.8 billion. The Bitcoin gain and yield are accounting metrics the company uses to gauge the performance of its aggressive Bitcoin buying plan.
According to Strategy’s Chief Financial Officer, Andrew Kang, the firm aims to boost the yield to 25%. To achieve this target, the firm is doubling down on its 21/21 capital raising plan to the proposed $84 billion plan.
Conclusion
The aggressive Bitcoin buying plan adopted by Strategy continues to draw mixed reactions from members of the crypto community. Some express concerns about the company’s concentrated position as the largest concentrated position for any institutional Bitcoin holder. Despite the mixed reactions, Michael Saylor remains committed to his company’s Bitcoin buying plan as he believes in the long-term value and potential of the digital asset.
Frequently Asked Questions
How does Michael Saylor’s Bitcoin strategy work?
Saylor believes that higher Bitcoin prices increase equity value, creating a positive feedback loop in which Strategy can borrow more capital to buy more Bitcoin.
Is MicroStrategy still buying Bitcoin?
MicroStrategy Inc. has announced it will continue to buy bitcoin and grow its cryptocurrency stash, even as it missed Wall Street’s quarterly expectations by a wide margin.
How does MSTR increase Bitcoin per share?
When you buy a share of MSTR, some bitcoin is held in MicroStrategy’s treasury on that day, representing the underlying net asset value (NAV), and as Strategy accumulates more bitcoin over time, the amount of bitcoin per share increases.
