tl;dr
Michael Saylor's company, Strategy, increased its Bitcoin holdings to nearly 630,000 BTC, valued at over $72 billion. The firm spent $51.4 million to acquire 430 BTC at an average price of $119,666 last week. Overall, Strategy has invested over $46 billion in Bitcoin at an average price of $73,320 p...
Michael Saylor, co-founder and former CEO of Strategy, announced a new Bitcoin acquisition earlier today. This latest purchase increases the company’s Bitcoin holdings to nearly 630,000 BTC, valued at over $72 billion at current market prices.
The NASDAQ-listed firm spent $51.4 million to acquire 430 BTC at an average price of $119,666 per bitcoin, indicating the transaction took place last week when prices remained at these elevated levels. Overall, Strategy has invested more than $46 billion to amass its 629,376 BTC, with an average acquisition price of $73,320 per bitcoin, resulting in an unrealized profit exceeding $26 billion.
Meanwhile, Japan’s Metaplanet, a company following Strategy’s lead, also announced a Bitcoin purchase today. Saylor's firm continues to make smaller acquisitions, including an $18 million buy last week. Historically, following the US elections in November 2024, Strategy invested billions weekly to expand their Bitcoin holdings.
Despite its massive Bitcoin accumulation, Strategy’s stock price has declined significantly, losing over 13% in the past month, closing below $370 last Friday. This volatility highlights the complex relationship between Bitcoin assets and investor sentiment toward the company’s stock.