Michael Saylor’s firm Strategy made another major Bitcoin purchase last week as prices climbed above $90,000. In an April 28 announcement, Strategy revealed it had acquired 15,355 Bitcoin between April 21 and April 27 for $1.42 billion, averaging $92,737 per Bitcoin. This move boosted Strategy’s Bitcoin holdings by around 3%, totaling 535,555 BTC valued at more than $50 billion.

This is Strategy’s largest Bitcoin acquisition since March when it bought 22,048 BTC for $1.92 billion. Co-founder Michael Saylor also announced that the company's Bitcoin yield hit 13.7% year-to-date, with a target of 15% set for 2025. Overall, Strategy’s BTC yield, measuring the growth rate of its Bitcoin compared to its shares, has surged 74% in 2024.

The timing of Strategy’s buy aligns with Bitcoin’s latest rally. Between April 21 and April 27, Bitcoin jumped 8% from around $87,000 to nearly $94,000. As of now, Bitcoin is trading at $95,442, still shy of its all-time high above $109,000 reached earlier this year.

Saylor continues to fuel enthusiasm among Bitcoin investors, posting bullish messages like “You can still buy BTC for less than $0.1 million” and urging followers to “stay humble, stack sats.” Strategy’s aggressive Bitcoin strategy is helping drive its market cap toward $100 billion, with MSTR shares up 23% year-to-date, trading at $368.7 according to TradingView data.