Michael Saylor has said, “₿usiness is Good” after sharing an updated snapshot of Strategy’s Bitcoin position, showing that the company holds 845,256 BTC while Bitcoin trades near $61,410.
According to the figures shared, Strategy’s Bitcoin reserve is valued at about $51.9 billion. The company’s holdings represent 4.03% of Bitcoin’s total supply, reinforcing its position as the largest publicly listed corporate holder of BTC.
The update also showed Strategy reporting a 12.8% BTC yield year-to-date and a 9.7% BTC yield quarter-to-date. For 2025, the company reported a BTC yield of 22.8%, along with a BTC gain of 101,873 coins and a dollar gain of $8.915 billion.
Strategy Reports 12.8% BTC Yield YTD
Strategy’s latest Bitcoin dashboard showed a year-to-date BTC gain of 86,328 BTC, equal to about $5.301 billion based on the figures provided. Quarter-to-date BTC gain stood at 73,660 BTC, valued at about $4.523 billion.
The company uses BTC yield as a measure tied to the change in Bitcoin holdings relative to its share structure. The metric is closely followed by investors who track whether Strategy is increasing Bitcoin exposure on a per-share basis through equity issuance, preferred stock, debt, or other financing methods.
Source: X
Strategy’s reported 12.8% BTC yield YTD came despite weakness in Bitcoin’s market price. Bitcoin was trading near $61,410 in the update, while another market reading placed BTC near $62,600 after a weekend rebound that briefly pushed prices above $64,000 on some exchanges.
The latest purchase added 1,550 BTC for about $101 million, bringing Strategy’s total holdings to 845,256 BTC. The acquisition was much larger than the 32 BTC the company sold near the end of May, but it did not produce a clear upward move in Bitcoin’s spot price.
Strategy also recently said shareholders of STRC and MSTR approved an amendment changing STRC dividends from monthly to semi-monthly. Under the new schedule, the first record date is June 30, and the first payment date is July 15.
Peter Schiff Questions Strategy’s Bitcoin Model
Economist Peter Schiff criticized Strategy’s latest Bitcoin purchase, saying the company was already down more than $6 million on the 1,550 BTC it had just bought. He also argued that the transaction reduced Bitcoin per share, creating what he described as negative Bitcoin yield.
Schiff said MSTR shareholders lost in two ways because the new purchase allegedly weakened Bitcoin-per-share exposure while the acquired BTC declined in value. He added that even investors who are bullish on Bitcoin should question whether MSTR is the best vehicle for that exposure.
His criticism followed earlier comments that Strategy’s financing model had become more difficult. Schiff said STRC was trading below par and MSTR was trading below what he called the accretive threshold, making it harder for Strategy to raise capital without reducing shareholder value.
Schiff also argued that Strategy’s original model worked when the company could sell common stock at a premium or issue preferred stock at coupons below expected Bitcoin appreciation. In his view, a weaker share price and softer Bitcoin market now create a harder environment for the company’s accumulation strategy.
Strategy executives have framed recent changes differently. Phong Le said the STRC dividend adjustment is designed to stabilize price, reduce cyclicality, support liquidity, and grow demand for STRC.
Bitcoin Demand Weakens as Volatility Rises
The debate around Strategy comes as Bitcoin demand shows signs of stress. Combined spot and perpetual futures demand reportedly fell toward negative 650,000 BTC on a 30-day growth basis, a level seen only three times since 2019.
The contraction is notable because both spot demand and perpetual futures demand are weakening at the same time. That suggests pressure is not limited to leveraged traders, as organic buying and derivatives exposure are both being reduced.
Source: Cryptoquant
Historical readings near this demand zone have occurred before unstable market periods. Similar weakness appeared ahead of the COVID-era crash and during the 2022 bear market, when Bitcoin moved through deeper stress before rebuilding.
Bitcoin’s recent price action reflects that pressure. The asset rebounded about 4% on Sunday and briefly moved above $64,000, but the recovery later stalled near $62,600.
