Will 600K Bitcoin Be the Tipping Point? Saylor’s Strategy Sparks Institutional Wave

Summary: MicroStrategy, now rebranded as Strategy, is on the verge of becoming the first public company to hold over 600,000 BTC after its latest $531 million purchase. As institutional investments surge and Bitcoin inches toward record highs, CEO Michael Saylor’s next move could be pivotal for the crypto market.

Rising Corporate Bitcoin Treasuries

Strategy’s Bitcoin holdings now total 597,325 BTC, worth nearly $65 billion, placing the firm just 2,675 BTC away from a landmark 600,000 BTC milestone. Last week, the company acquired 4,980 BTC, marking its twelfth consecutive weekly purchase and tying its previous acquisition record.

If the company follows through with another buy this week, it will not only shatter its own streak but also set a new benchmark for corporate crypto adoption. Strategy’s consistent purchases have become market-moving events, often followed by bullish momentum in Bitcoin’s price.

Some weeks you just need to HODL. pic.twitter.com/rVcFQkFoG0

— Michael Saylor (@saylor) July 6, 2025

However, Saylor’s latest cryptic post — “Some weeks you just need to HODL” — has investors speculating whether the streak will pause, adding an element of suspense to the ongoing buying narrative.

Bitcoin Balance Sheets Reach New Heights

Corporate accumulation of Bitcoin is showing no signs of slowing. Last week, 18 companies together added 8,400 BTC to their holdings. Strategy led the pack with nearly 5,000 BTC, closely followed by software firm Figma.

This rapid institutional accumulation is pushing overall corporate Bitcoin treasuries toward historic highs, further validating BTC’s role as a strategic asset.

Meanwhile, BlackRock’s IBIT ETF has already crossed 600,000 BTC in assets under management, underlining major asset managers’ growing appetite for cryptocurrency exposure.

Class-Action Suit Over Accounting Practices

Despite its bullish stance, Strategy is currently battling a class-action lawsuit alleging that the company failed to disclose significant unrealized losses in Q1 2025. Plaintiffs claim Strategy hid billions in markdowns, which could result in potential financial write-downs and regulatory scrutiny.

The outcome of the lawsuit may affect the company’s ability to continue aggressive Bitcoin purchases in the near term.

BTC Price Update

At the time of writing, Bitcoin is trading at approximately $108,650, about 28% below its all-time high of $111,980. The cryptocurrency has been climbing steadily amid renewed institutional flows.

Market watchers suggest that another large purchase from Strategy could act as a catalyst, potentially pushing Bitcoin to new highs. However, a pause might trigger short-term profit-taking and increased volatility.

With only 2,675 BTC separating Strategy from a historic 600,000 BTC milestone, the market remains on high alert for CEO Michael Saylor’s next move.

Featured image from Meta, chart from TradingView