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Strategy’s Bitcoin Accumulation and National Interest in Cryptocurrency
Michael Saylor’s firm, Strategy, has recently disclosed a substantial addition to its Bitcoin portfolio, acquiring 4,225 BTC between July 7 and July 13, 2025. This investment brings the firm’s total Bitcoin holdings to an impressive 601,550 BTC, valued at approximately US$72.1 billion—a significant increase of roughly 68% from an initial investment of US$42.87 billion.
Recent Bitcoin Investments
During the recent buying spree, Strategy invested about US$472.5 million, amounting to an average cost of US$111,827 per Bitcoin. Remarkably, Bitcoin’s price surged from approximately US$108,000 at the start of this buying week to a record high just below US$123,000 by July 14.
This expanded holding is now recognised as one of the largest in the market, purchased at an average price of US$71,268 per BTC. The company’s investment strategies were bolstered through a combination of raised funds, including US$330.1 million from common share sales and US$141.1 million from preferred share transactions.
Other Companies Following Suit
Strategy is not alone in this trend. Other publicly traded companies have also increased their Bitcoin exposure. French semiconductor company Sequans acquired an additional 683 BTC, elevating its total holdings to 1,053 BTC, while the digital asset investment firm K33 added 36 BTC to reach a total of 121 BTC in its reserves.
Nation-States Embracing Bitcoin
The trend of accumulating Bitcoin is gaining traction beyond corporate entities; various nation-states are also beginning to explore cryptocurrency investment. Noteworthy among them are Norway and the United States, both of which are reported to have integrated Bitcoin into their asset management strategies.
Kazakhstan’s National Bank is taking proactive steps in this direction, as its head, Timur Suleimenov, indicated the country’s intent to consider cryptocurrency as a viable asset class for its sovereign wealth fund. A recent report from Kazakh news outlet Kursiv revealed that Kazakhstan may utilise a portion of its gold and foreign exchange reserves, along with other undisclosed assets from the sovereign wealth fund, for cryptocurrency investments.
Suleimenov explained during a press briefing, “We have an alternative portfolio of gold and foreign exchange reserves… There we use aggressive strategies to get a higher investment income.” He indicated that Kazakhstan is looking at the investment methods employed by the Norwegian fund and other international entities with interests in cryptocurrencies.
In a unique initiative, the country aims to establish a national crypto reserve funded by cryptocurrencies confiscated in criminal investigations—set to operate independently from the wealth fund’s crypto assets.
Conclusion
The significant increase in Bitcoin investments by both corporate entities like Strategy and nation-states such as Kazakhstan marks a pivotal shift in how these financial assets are perceived globally. As Bitcoin continues its upward trajectory in value, the trend towards accumulating cryptocurrency, both in the private and public sectors, is likely to intensify, reflecting a growing acceptance of digital assets as integral components of financial strategies.
