Strategy Buys $110 Million in Bitcoin, Holdings Reach 582,000 BTC; Saylor Predicts $1 Million Price

Strategy, the enterprise-software company formerly known as MicroStrategy, disclosed in a 9 June Securities and Exchange Commission filing that it bought an additional 1,045 Bitcoin for about $110 million, paying an average of roughly $105,426 per coin.

The latest purchase raises the firm’s treasury to approximately 582,000 Bitcoin, accumulated for around $40.79 billion at an average cost of $70,086 each. Strategy has acquired 135,600 Bitcoin so far in 2025, nearly double the roughly 72,000 coins mined during the same period, underscoring its outsize influence on market supply.

Executive Chairman Michael Saylor defended the aggressive accumulation in interviews with Bloomberg Television and podcast host Jordan Peterson, saying the “crypto winter is not coming back” and predicting Bitcoin could reach $500,000 to $1 million as institutional demand grows. He also dismissed concerns that advances in quantum computing pose a near-term threat, arguing that the network can upgrade its security protocols if needed.