Strategy Acquires 15,355 Bitcoin for $1.42 Billion


Strategy reported adding 15,355 Bitcoin to its holdings between April 21st and April 27th, according to an announcement on April 28th.

The purchase totaled approximately $1.42 billion at an average price of $92,737 per Bitcoin. 

This acquisition increased Strategy’s total Bitcoin holdings by about 3% to 535,555 Bitcoin, with a reported value exceeding $50 billion.

The acquisition marks Strategy’s largest since March, when the company purchased 22,048 Bitcoin for $1.92 billion at an average price of $86,969.

Strategy’s BTC yield — a metric reflecting the percentage change in the ratio between its Bitcoin holdings and assumed diluted shares — stood at 74% for 2024. The company has set a target BTC yield of 15% for 2025.

Bitcoin’s price rose by approximately 8% between April 21st and April 27th, from around $87,000 to nearly $94,000. 

On April 25th, Saylor posted on X, “you can still buy BTC for less than $0.1 million.” 

In a separate post on April 27th, Saylor wrote, “stay humble. Stack sats,” sharing a screenshot of Strategy’s Bitcoin purchases overlaid on a price chart.

Share this article

The link has been copied!





Source link

Previous articleThe CMF Phone 2 Pro Fixes the Old Issues and Still Stays Budget