Strategy bags 15,355 Bitcoin for $1.42B as price surged above $90K
Strategy, co-founded by Michael Saylor, significantly increased its Bitcoin holdings to 553,555 BTC worth over $50 billion, following a recent purchase of 15,355 BTC for $1.42 billion amid a surge in price above $90,000. The acquisition, reported between April 21 and 27, cost an average of $92,737 per BTC, marking a 3% increase in Strategy's aggregate BTC holdings. This purchase is noted as the largest since late March, when the firm acquired Bitcoin at an average price of $86,969. Saylor announced that the company’s Bitcoin yield now stands at 13.7% year-to-date and aims for a target of 15% in 2025. The firm emphasizes its long-term commitment to Bitcoin, as demonstrated by its acquisition strategy, which reflects its confidence in the cryptocurrency market. This evolving story will continue to develop with further updates expected as more information is made available.
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