- Michael Saylor’s firm, Strategy, has announced it purchased 4,225 BTC in the week of July 7 to July 13, bringing its total Bitcoin holdings to 601,550.
- The company’s Bitcoin bag is now valued at around US$72.1 billion, up around 68% from its purchase cost of US$42.87 billion.
- The Bitcoin reserve strategy is increasingly being embraced by both corporations and nations — last week the head of Kazakhstan’s National Bank said the nation’s gold and FX reserve may be used to establish a national crypto reserve.
Michael Saylor’s firm, Strategy, has revealed its significant Bitcoin gains so far in 2025, having accumulated an additional 4,225 BTC in the week of July 7 to July 13— a buying spree that coincided with a surge in Bitcoin’s price.
Strategy bought in at a cost of US$472.5 million (average price per BTC US$111,827). BTC’s price rose from around US$108,000 on July 7 to a new all-time high of just under US$123,000 on July 14.
The company’s total Bitcoin holdings now sit at 601,550 BTC, purchased for US$42.87 billion (AU$65.5bn) with an average price per BTC of US$71,268 (AU$108,895). At the time of writing Strategy’s holdings were worth US$72.1 billion (AU$110bn), meaning the company is up about 68% on its BTC investment.
Strategy funded last week’s Bitcoin accumulation through a combination of US$330.1 million (AU$504.4m) worth of common-share sales via its at-the-market program and US$141.1 million (AU$215.6m) worth of preferred share sales.
A number of other publicly-listed companies also added to their Bitcoin stacks over the past week. French semi-conductor firm, Sequans, accumulated an additional 683 BTC, bringing its total holdings to 1,053, while digital asset investment firm, K33, added 36 BTC to its bag and now holds a total of 121 BTC.
Related: Michael Saylor Predicts Bitcoin to Reach $21 Million in 21 Years
Nation-states Increasingly Looking to Load Up on BTC
It’s not just publicly listed companies accumulating Bitcoin: several nation-states — such as Norway and the US — have already started packing their Bitcoin bags, and more are looking to adopt the strategy.
According to a report from local Kazakh news outlet known as Kursiv, the head of Kazakhstan’s National Bank, Timur Suleimenov, announced last week that the country has identified crypto as an acceptable asset type to be included in its sovereign wealth fund.
Kursiv’s report says that the nation may use some of its gold and foreign exchange reserves, in addition to other unspecified assets held in its sovereign wealth fund, to fund the purchase of crypto.
Related: World’s Largest Pension Fund Lifts Bitcoin Exposure By 153%: Now Valued At 3,821 BTC
“We have an alternative portfolio of gold and foreign exchange reserves and an alternative portfolio of the National Fund. There we use aggressive strategies to get a higher investment income,” Suleimenov reportedly said during a press conference (quote translated to English using Google).
We looked at the experience of the Norwegian fund, the American experience, the experience of the Middle East funds. They have certain investments either in crypto assets directly or in ETFs and shares of companies that are closely related to crypto assets.
Timur Suleimenov, Kazakhstan National BankSuleimenov also said Kazakhstan plans to create a national crypto reserve to be funded with crypto confiscated as part of criminal investigations. This reserve would reportedly be separate from the sovereign wealth fund crypto assets.
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