Michael Saylor’s Strategy Sets Ambitious $84B Bitcoin War Chest in Aggressive Expansion Bid

Through his company, Strategy, Saylor has unveiled plans to raise an extraordinary $84 billion to further expand the firm’s already substantial Bitcoin reserves

Ramping Up Capital for Bitcoin Purchases

The planned funding will be evenly split, with $42 billion sourced from equity and another $42 billion from fixed income instruments. This fresh capital injection comes on the back of Strategy’s aggressive treasury operations in recent months. In the first quarter alone, the company successfully executed a $21 billion at-the-market (ATM) equity offering — one of the largest in recent corporate history — adding over 301,000 BTC to its balance sheet. The move also coincided with a 50% surge in Strategy’s share price, reflecting growing investor confidence in the company’s Bitcoin-first approach.

In addition to the ATM offering, Strategy secured $6.6 billion through the sale of its Class A common stock, with further issuances expected as part of the broader $42 billion equity program.

Record-Breaking Holdings and Market Impact

At present, Strategy holds 553,555 BTC, acquired at a total cost of $37.9 billion and an average price of $68,459 per Bitcoin. The company’s most recent purchase came just a week ago, when it acquired an additional 15,355 BTC for $1.42 billion, at a notably higher average price of $92,737 per Bitcoin.

This aggressive accumulation strategy has positioned Strategy as the world’s largest corporate holder of Bitcoin, controlling over 2% of the global circulating supply. The only entity surpassing its holdings is asset management giant BlackRock, which currently holds 570,000 BTC in assets under management.

Raising Performance Targets

Strategy’s leadership is not only expanding its Bitcoin holdings but also recalibrating its financial performance targets. The company reported a 13.7% BTC yield year-to-date, translating into a $5.8 billion gain. Buoyed by strong market momentum, it has raised its 2025 targets to a 25% BTC yield and a $15 billion profit.

Chief Financial Officer Andrew Kang highlighted the firm’s adoption of fair value accounting for its Bitcoin assets, which resulted in a $12.7 billion uplift in retained earnings at the start of the year. While Q1 ended with an unrealized loss due to a quarter-end Bitcoin price of $82,445, the subsequent recovery to around $97,300 per Bitcoin suggested an approximate $8 billion fair value gain in the current quarter.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice