Strategy bags 15,355 Bitcoin for $1.42B as price surged above $90K
Michael Saylor’s Strategy has significantly expanded its Bitcoin holdings recently, acquiring 15,355 BTC at an average price of $92,737 per Bitcoin. This purchase, totaling $1.42 billion, occurred between April 21 and 27. Following this acquisition, Strategy's total Bitcoin holdings now amount to 553,555 BTC, valued over $50 billion. The firm also announced a year-to-date BTC yield of 13.7% and aims for a 15% yield by 2025. The recent purchase is noted as Strategy's largest since March, when it acquired Bitcoin at an average price of $86,969. Saylor highlighted that the total investment in BTC reached approximately $37.90 billion, with an average purchase price of $68,459 per Bitcoin. This move comes as Bitcoin's price has surged above $90,000, reflecting a growing institutional interest and market momentum in the cryptocurrency space.
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