Michael Saylor’s MicroStrategy has filed to offer up to $84 billion in preferred stocks to raise funds to accumulate more Bitcoin. The offer aims to acquire BTC up to $84 billion, making it far and away the top holder of the cryptocurrency. As of 2025, MicroStrategy holds nearly 530,000 BTC worth over $41 billion. Bitcoin’s price could soar if the plan is effective.

MicroStrategy expects to make sales of perpetual strike preferred stocks in an extended period. The firm takes into account the trading price and trading volumes of the perpetual strike preferred stock at the time of sale. Saylor’s firm intends to use the net proceeds for general corporate purposes, including buying more Bitcoin.

Formerly known as MicroStrategy, the Saylor-led firm has been one of the foremost BTC believers. Indeed, the firm was among the first to adopt an accumulation strategy that embraced the upside of the leading cryptocurrency. The firm’s holdings have surpassed 500,000 Bitcoin, and the latest purchase could send those holdings towards 600,000.

Michael Saylor’s Bitcoin investment approach continues to influence institutional Bitcoin buying across the market. The company funds these Bitcoin purchases through its at-the-market offering program. The company has systematically implemented this bitcoin accumulation strategy through established financing channels and still has $2.08 billion available in its Common ATM program.

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Michael Saylor’s Strategy has had a great start to 2025, as seen in its latest earnings report. “We are thrilled to report a strong start to the year with a year-to-date BTC Yield of 13.7%, achieving over 90% of our 2025 target in just the first four months of the year,” said Andrew Kang, Chief Financial Officer. “Our year-to-date BTC Gain” of $5.8 billion also meets 58% of our annual target, demonstrating the effectiveness of our Bitcoin strategy.” Strategy also says that despite recognizing an unrealized loss in Q1 due to a quarter-end Bitcoin price of $82,445, the current approximate $97,300 Bitcoin price would imply a fair value gain of roughly $8.0 billion thus far in Q2.”

This continued bitcoin accumulation strategy has been closely watched by market participants. Saylor’s Bitcoin conviction remains unwavering despite market volatility, with the company dollar-cost averaging across different market conditions. Bitcoin’s price is up 3% in the last seven days, closing in on a return to $100,000. At press time, BTC is trading around $97,000.