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Crypto Prune > News > Crypto > Bitcoin > Will 600K Bitcoin be a turning point? Saylor’s strategy causes an institutional wave
Bitcoin

Will 600K Bitcoin be a turning point? Saylor’s strategy causes an institutional wave

6 months ago 4 Min Read
A reliable editorial Content reviewed by industry experts and veteran editors. Advertising disclosure

MicroStrategy’s Bitcoin Stash is located at 597,325 BTC, nearly $65 billion, with the next move likely to surpass the 600,000 mark.

The company (rebranded to strategy) snapped 4,980 BTC for $531 million last week, buying it 12 times in a row per week. Now, all eyes are looking to see if CEO Michael Saylor will turn the 13th week switch.

Rising corporate Bitcoin Treasury Ministry

According to the company’s portfolio chart, the strategy holds 597,325 BTC on its balance sheet. Its haul is just 2,675 btc of the iconic milestone shy.

Last week’s purchase coincided with the record set from late 2024 to early 2025. This week, once again the strategy buys again, breaks its own purchase record and pushes its total holdings beyond 600,000 BTC.

For a few weeks you just need to hodl. pic.twitter.com/rvcfqkfog0

– Michael Saylor (@saylor) July 6, 2025

Many companies are watching their strategy moves. Announcements of fresh purchases often trigger a gathering of Bitcoin prices. The release of the charts on X is widely seen as a precursor to a new acquisition.

However, Saylor’s caption – “Weeks are the weeks required for HODL” – was speculated by some investors. It may indicate pause rather than green light.

Bitcoin balance sheet reaches new heights

Based on reports from the finance company, 18 companies added a total of 8,400 BTC to their financial resources last week.

The strategy led the charge at around 5,000 BTC, followed by design software maker Figma. This surge results in a company’s total Bitcoin holdings close to what was once considered impossible.

See also  The true value of Bitcoin may be not just as a currency, but as a global payment layer: Ripple CTO

Strategy chairman Michael Saylor. Image: Wikimedia Commons.

BlackRock’s IBIT ETF recently surpassed the 600,000 BTC threshold, demonstrating that large asset managers are as crypt hunger as agile startups.

The combined action is to bring Bitcoin closer to record highs. At the time of pressing, Bitcoin is trading for around $108,650. This is 28% below the $111,980 peak.

BTCUSD is currently trading at $108,125. Chart: TradingView

Class action suit for accounting practices

Strategy and Saylor defend against a class action lawsuit accusing them of failing to disclose unrealized first quarter losses.

The lawsuit alleges that the company hid billions in Markdown. If the court opposes the strategy, the company could face a large amount of writing. This can make it difficult to pour more cash into Bitcoin.

Bitcoin trading approaches record

The current trading levels of Bitcoin suggest an edge market. A new purchase announcement from the strategy could tweak prices above $111,950. However, if the company postpones it, profit customers can pull back Bitcoin. Investors will see Saylor’s next post on clear signals.

The strategy is to request a new winning streak of purchases and reach 600,000 BTC, just 2,675 BTC. As history repeats itself, announcements arrive whenever.

But for now, the market remains suspenseful, and its uncertainty often brings its own excitement.

Meta featured images, TradingView chart

Editing process Bitconists focus on delivering thorough research, accurate and unbiased content. We support strict sourcing standards, and each page receives a hard-working review by a team of top technology experts and veteran editors. This process ensures the integrity, relevance and value of your readers’ content.

See also  President Trump may use Greenland as a Bitcoin mining base for 10,000 EH/s due to energy shortages if it becomes part of the US

TAGGED:Bitcoin AnalysisBitcoin NewsCoinsCrypto
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