Michael Saylor Nears 500K BTC – What’s Next?

Strategy, erstwhile known as MicroStrategy, is one of the biggest and most prominent names in the crypto industry. The firm is a self-styled BTC treasury that has made a name for itself in BTC holding. Now, the company is all set to achieve another milestone that can put the firm on the map. The company is gradually inching towards owning 500,000 BTC in holdings. BTC historian Pete Rizzo claims the firm is just $80 million away from reaching the goal. 

STRATEGY IS NOW JUST $80 MILLION SHORT OF BUYING 500,000 #BITCOIN

CLOSING IN ON HISTORY 🚀 pic.twitter.com/Ml5A4UXTmC

— The Bitcoin Historian (@pete_rizzo_) February 27, 2025

Michael Saylor has proven to be one of the most potent guiding forces behind the firm’s success. Under the leadership of Saylor, the company has doubled down on BTC. This has made the company one of the biggest holders of BTC. At press time, Strategy holds around 499,096 BTC acquired at $331 billion at an average price of $66,357. Therefore, the firm is just 904 BTCs away from hitting its 500,000 goal. 

Journey To Half A Million BTC 

Currently, the BTC market is not looking good. BTC is hovering around $85,775.47 at press time with a 1.94% uptrend. This is considerably lower than the previous ATH where the coin surpassed the $100k mark.  Still, Strategy wants to acquire more BTC to reach its 500.00 mark. Currently, the firm has invested close to $1.99 billion of BTC. This has boosted the firm’s BTC holdings.  

In fact, sources have suggested that Saylor has acquired BTC almost weekly. The most recent purchase is the company’s fifth largest BTC acquisition. However, the company has shared their plan on how they will go about their goal. As per the statement released in October, Saylor is looking to raise around $42 billion to raise the money needed for such a magnanimous acquisition of BTC by 2027. Hence, this could make Strategy one of the biggest names in the crypto industry.