Strategy added 15,355 Bitcoin for $1.42B as price surged above $90K
Michael Saylor’s Strategy added to its massive Bitcoin stash last week as the cryptocurrency surged above $90,000.In an April 28 announcement, Strategy reported acquiring 15,355 Bitcoin (BTC) between April 21 and 27.The...
Michael Saylor’s Strategy added to its massive Bitcoin stash last week as the cryptocurrency surged above $90,000.
In an April 28 announcement, Strategy reported acquiring 15,355 Bitcoin (BTC) between April 21 and 27.
The latest purchases cost Strategy $1.42 billion at an average price of $92,737 per BTC, increasing the company’s aggregate BTC holdings by roughly 3% to a total of 535,555 BTC worth more than $50 billion.
An excerpt from Strategy’s Form 8-K filing with the United States Securities and Exchange Commission. Source: Strategy
Strategy’s latest buy is its largest since late March, when the firm bagged 22,048 Bitcoin for $1.92 billion at an average price of $86,969 per BTC.
Announcing the purchase on X, Strategy co-founder Saylor said the firm has achieved the BTC yield of 13.7% year-to-date.
“As of April 27, we hodl 553,555 BTC acquired for approximately $37.90 billion at $68,459 per Bitcoin,” Saylor noted.
Source: Michael SaylorStrategy’s BTC yield — an indicator representing the percentage change of the ratio between its BTC holdings and assumed diluted shares — amounted to 74% in 2024.
The company expects to reach a BTC yield target of 15% in 2025.
“You can still buy BTC for less than $0.1 million”Strategy’s Bitcoin purchase came as the cryptocurrency caught significant bullish action last week, surging 8% from around $87,000 to nearly $94,000 in the period from April 21–27, according to data from CoinGecko.
Bitcoin traded at $95,442 at the time of writing, slightly above its price on Jan. 1, but still lower than its all-time high price above $109,000 seen on Jan. 21.
As Strategy beefed up its Bitcoin stash alongside a BTC rally, Saylor continued posting bullish messages to the community on social media.
Related: Over 13K institutions exposed to Strategy as Saylor hints at BTC buy
“You can still buy BTC for less than $0.1 million,” Saylor wrote on April 25.
In another X post preceding the purchase announcement, Saylor said: “Stay humble. Stack sats [satoshis].” He linked the message to a screenshot of Strategy’s portfolio tracker reflecting the company’s BTC purchases on the timeline of the price chart.
Source: Michael SaylorThe news comes as Strategy is inching toward a $100 billion market capitalization, with MSTR shares surging roughly 23% YTD and trading at $368.7 at the time of publication, according to data from TradingView.
Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26
Original source
Read on CointelegraphRelated market context
Strategy’s Michael Saylor commits to raising capital with STRC above par
Saylor's strategy could stabilize STRC's market value, ensuring consistent capital flow for Bitcoin investments, impacting crypto...
Strategy’s Michael Saylor targets $15-30T for Bitcoin-backed credit instruments
Saylor's Bitcoin-backed credit strategy could reshape global finance, integrating crypto into mainstream credit markets and alteri...
‘I Never Said the Company Could Not Sell Bitcoin’: Saylor Walks Back ‘Never Sell’ at BTC Prague
Strategy founder Michael Saylor told the BTC Prague conference he “never said the company could not sell bitcoin,” clarifying the...
Bitcoin sales are necessary for Strategy's digital credit business, Saylor says
Strategy's recent Bitcoin sale appeared to clash with Saylor's "never sell" mantra, but he says the move reflects how the company'...
Michael Saylor says investor confidence in Ethereum has collapsed
Ethereum's declining investor confidence signals a shift towards Bitcoin dominance, emphasizing real-world utility over speculativ...
Michael Saylor: 25% of Mag8 companies hold Bitcoin on balance sheets
The inclusion of Bitcoin by major tech firms signals a growing trend of digital assets being considered as strategic financial ins...