Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
U.Today - Michael Saylor’s Strategy has seen its stock rise by 2,930% since it began accumulating Bitcoin in 2020. The explosive performance was highlighted in a tweet by Sentora (formerly known as IntoTheBlock), adding that MSTR has outperformed Bitcoin by 63% over the past three months alone.
In 2020, Strategy (formerly MicroStrategy) shocked traditional markets by announcing Bitcoin as its primary treasury reserve. The Bitcoin treasury play has boosted Strategy, lifting its market cap past $80 billion. On May 26, Strategy revealed the massive acquisition of 4,020 BTC for nearly $427.1 million at $106,237 per Bitcoin. As of May 25, 2025, Strategy holds 580,250 BTC acquired for $40.61 billion at $69,979 per Bitcoin.
Despite this, Michael Saylor, the co-founder and executive chairman of Strategy, has not backed down one bit. Saylor expects Bitcoin to continue to appreciate over time and that Strategy will continue to accumulate.
Explosion of interest in Bitcoin
Saylor recently stated there has been "an explosion of interest" in companies purchasing Bitcoin. "Over the long term, Bitcoin on the balance sheet has proven to be extraordinarily popular," Saylor told CNBC.In one such move, GameStop recently announced a $500 million Bitcoin allocation. Meanwhile, Tether, SoftBank and Strike’s Jack Mallers announced Twenty-One, a Bitcoin-native public corporation that plans to emerge with more than 42,000 BTC on its balance sheet, which would make it the world’s third-largest corporate holder of the asset.
When it comes to Strategy, Saylor stated that his Bitcoin accumulation intentions have no ceiling. His company is currently the largest corporate holder of the cryptocurrency.
"We’ll keep buying Bitcoin," Saylor said, adding, "We expect the price of Bitcoin will keep going up. We think it will get exponentially harder to buy Bitcoin, but we will work exponentially more efficiently to buy Bitcoin."