Michael Saylor’s bold Bitcoin strategy just pushed MicroStrategy to a historic milestone. The company’s market cap has surpassed 127 billion dollars, fueled by relentless BTC accumulation and growing institutional interest.
Over 601,000 BTC now on the balance sheet
MicroStrategy currently holds more than 601,000 Bitcoin, valued at over 73 billion dollars. In July alone, it added 4,225 BTC at an average price of 111,827 dollars each. This accumulation has turned the company into one of the largest corporate holders of Bitcoin globally.
Multiple sources, including CompaniesMarketCap, confirmed a market cap peak of 128 billion dollars. The stock has consistently outperformed traditional benchmarks and now trades as a high-beta proxy for Bitcoin itself.
Aggressive financing strategy continues
Since 2020, MicroStrategy has raised more than 42 billion dollars through debt and equity issuance. In a recent move, it launched a 4.2 billion dollar preferred share offering, signaling that the acquisition model remains in full force.
The firm’s strategy is simple but high risk. Use capital markets to acquire Bitcoin at scale and ride the long-term upside of digital scarcity.
Institutional flows and sentiment drive momentum
Bitcoin ETFs attracted 2.7 billion dollars in net inflows last week. Regulatory clarity is improving, and institutional interest continues to grow. As a result, MicroStrategy shares are being treated less like a tech stock and more like a high-leverage Bitcoin vehicle.
Correlation between MSTR and BTC has reached 0.93, reinforcing its status as a synthetic long position on the crypto market.
Analysts divided on what comes next
Some analysts remain cautious. Concerns about shareholder dilution and premium valuation persist. Jim Chanos and Gus Gala have both expressed skepticism, warning that the stock’s market cap could be pricing in too much optimism.
Others see the opposite. Supporters argue that MicroStrategy’s first-mover advantage and long-term conviction give it a unique position in the evolving crypto-financial landscape.
