Key Takeaways
- Strategy acquired 245 BTC for $26 million as prices dropped.
- Total holdings now stand at 592,345 BTC, bought for $41.9 billion.
- Year-to-date bitcoin yield is 19.2%, with a 25% target for 2025.
Michael Saylor’s Strategy, the largest public holder of bitcoin, purchased 245 BTC for $26 million last week as bitcoin prices fell amid geopolitical tensions.
According to a U.S. Securities and Exchange Commission filing on Monday, the company’s average purchase price was $105,856 per coin, with bitcoin dropping from approximately $108,900 to just below $99,000 during the week.
This move follows a recent billion-dollar acquisition and increases Strategy’s total holdings to 592,345 BTC, acquired for about $41.9 billion at an average price of $70,681 per bitcoin. See MicroStrategy’s historical bitcoin holdings here.
Buying philosophy questioned
The latest purchase was Strategy’s smallest since March, when the company bought 130 BTC for $10.7 million.
Like previous buys, this acquisition occurred during a pullback, prompting some to question why the firm did not acquire more at lower prices.
Saylor has emphasized a strategy of “buying the top forever,” even stating:
“I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion a day of Bitcoin at $1 million a coin.”
Yield performance
Strategy’s year-to-date bitcoin yield after this purchase stands at 19.2%, marginally above the 19.19% yield recorded after its previous $1 billion buy.
The firm aims for a 25% yield by the end of 2025, up from its earlier 15% target set on May 1.
The announcement came shortly after Saylor forecasted bitcoin to reach $21 million in 21 years.
