Strategy Expands Bitcoin Holdings, Acquiring 15,355 BTC for $1.42B

Michael Saylor’s Strategy acquired 15,355 Bitcoin for $1.42 billion as Bitcoin’s price surpassed $90,000. This latest purchase increases their holdings to over 535,555 BTC, valued at more than $50 billion. Strategy’s current Bitcoin yield stands at 13.7%, with future targets set at 15% for 2025.

Strategy, the investment firm co-led by Michael Saylor, has made headlines again by snapping up 15,355 Bitcoin last week, coinciding with the cryptocurrency climbing above the $90,000 mark. Reported on April 28, the firm acquired these coins between April 21 and April 27, spending a whopping $1.42 billion at an average price of $92,737 each, which has now increased their total Bitcoin holdings to approximately 535,555 BTC—worth over $50 billion.

This recent purchase is significant, being Strategy’s largest acquisition since late March when they purchased 22,048 Bitcoin for $1.92 billion, averaging $86,969 per coin. Despite a fluctuating market, the firm has maintained a promising Bitcoin yield of 13.7% year-to-date, as Saylor announced on social media platform X. He highlighted that, as of April 27, the company holds 553,555 BTC, which was acquired for about $37.90 billion, equating to an average price of $68,459 per coin.

In terms of performance, Strategy’s Bitcoin yield currently stands at 74% for the year 2024, and the firm has set an ambitious goal to reach a Bitcoin yield target of 15% by 2025. The ongoing developments in the market will likely shed more light on Strategy’s bold moves, so stay tuned for updates on this intriguing story.

Lastly, the broader market sentiment remains cautious, especially as discussions around Bitcoin hitting the $100,000 target seem to be stalled, with various narratives like SBF’s situation in prison also swirling around the crypto community in the latest Hodler’s Digest for April 20 to 26.