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...
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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
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