Bitcoin Giant Strategy Teases Massive 600K Milestone

• The strategy holds 597,325 Bitcoin worth $64.57 billion and needs only 2,675 more coins to reach the historic 600,000 BTC milestone. 

• The company completed 12 weekly Bitcoin purchases, but Michael Saylor’s recent social media post suggests they might pause their buying streak. 

• Strategy faces a class-action lawsuit over Bitcoin accounting practices, while 18 other companies added 8,400 BTC to their treasuries last week.

Strategy founder Michael Saylor has posted the company’s Bitcoin portfolio tracker on social media, typically indicating an upcoming cryptocurrency purchase. The software company currently holds 597,325 BTC worth approximately $64.57 billion at market prices.

The company sits just 2,675 Bitcoin from the significant 600,000 BTC threshold. This milestone would represent a major achievement in corporate Bitcoin adoption, though BlackRock’s IBIT ETF has already surpassed this mark.

Weekly Purchase Streak Could Extend to 13 Weeks

Strategy completed its 12th consecutive weekly Bitcoin acquisition last week, purchasing 4,980 BTC for $531 million. This matched the company’s longest buying streak between late 2024 and early 2025.

A purchase this week would establish a new 13-week consecutive buying record. Despite market volatility, the company has consistently committed to expanding its Bitcoin treasury.

However, Saylor’s social media caption has created uncertainty among traders. His message stated, “Some weeks you just need to HODL,” suggesting the company might pause its acquisition strategy.

The broader corporate Bitcoin adoption trend continues gaining momentum. Last week alone, 18 companies added 8,400 BTC to their collective balance sheets, with Strategy and Figma leading the charge.

Multiple corporations have announced plans to integrate Bitcoin into their treasury strategies. This corporate rush toward cryptocurrency has fueled speculation about Bitcoin reaching new all-time highs.

At the time of writing, Bitcoin is trading at $109,577, showing an increase of 1.37% over the past 24 hours. Historical data shows MicroStrategy purchases often trigger Bitcoin price rallies, adding significance to potential upcoming acquisitions.

Legal Challenges Shadow Bitcoin Strategy

Strategy faces legal complications regarding its Bitcoin accounting practices. The company is confronted with a class-action lawsuit alleging failure to disclose unrealized losses from Q1 2025.

These legal challenges occur amid the company’s aggressive Bitcoin accumulation strategy. The litigation centers on transparency requirements for cryptocurrency holdings and their impact on financial reporting.

Despite legal pressures, corporate Bitcoin adoption shows no signs of slowing. Following Strategy’s pioneering approach, investment and technology companies continue announcing Bitcoin treasury initiatives.

The cryptocurrency market is closely watching Strategy’s next move. Whether the company maintains its purchasing momentum or temporarily pauses could influence broader market sentiment and Bitcoin’s price trajectory in the coming weeks.