Michael Saylor’s Strategy Adds Nearly $1 Billion in Bitcoin

Bitcoin

Michael Saylor’s Strategy Adds Nearly $1 Billion in Bitcoin

Michael Saylor’s Strategy, the company formerly known as MicroStrategy, has carried out another large weekly Bitcoin purchase, pressing ahead with its accumulation plan despite a broader market downturn and growing macroeconomic risks.

According to a filing with the United States Securities and Exchange Commission, the company acquired 10,645 Биткойн for $980.3 million at an average price of $92,098 per coin.

Key Takeaways

  • Strategy bought 10,645 BTC for $980.3 million at an average price of $92,098.
  • Total Bitcoin holdings have reached 671,268 BTC.
  • The purchase was funded through multiple equity offerings.

With this transaction, Strategy now holds a total of 671,268 BTC, accumulated for roughly $50.33 billion at an average purchase price of $74,972. The firm reports a year-to-date Bitcoin yield of 24.79%.

The acquisition was financed through proceeds from recent equity offerings. Strategy raised about $600,000 from STRK shares, $82.2 million from STRD, and $888.2 million from MSTR stock sales. Saylor had hinted at the move a day earlier in his usual Sunday post on X, suggesting another addition to the company’s Bitcoin treasury.

This latest buy slightly exceeds the previous one made two weeks ago, when Strategy purchased 10,624 BTC for $962.7 million. Together, these back-to-back transactions represent the firm’s largest Bitcoin acquisitions since July, when it invested around $2.46 billion into the digital asset.

The aggressive accumulation continues even as potential headwinds build. Strategy is facing uncertainty around a possible exclusion from MSCI global indexes due to the size of its Bitcoin holdings, a move the company has formally asked MSCI to reconsider.

At the same time, fears of a deeper market correction persist, with analysts warning that Bitcoin could fall toward $70,000 if the Bank of Japan proceeds with an interest rate hike.

Such a decline would likely weigh further on MSTR shares, which historically move in tandem with Bitcoin. The stock has already fallen more than 24% over the past month as BTC slipped below $100,000. Following the announcement of the latest purchase, TradingView data shows Strategy’s stock trading nearly flat in pre-market, hovering around $177 after closing last week at $176.


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Author

Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.

Source: https://coindoo.com/michael-saylors-strategy-adds-nearly-1-billion-in-bitcoin/