Michael Saylor’s Strategy Continues Bitcoin Acquisition with $255 Million Purchase
- On April 27, Michael Saylor’s Strategy acquired $255 million worth of Bitcoin (BTC), purchasing a total of 3,273 BTC.
- The average price per Bitcoin for this acquisition was $77,906, significantly lower than the previous week’s purchase of $2.54 billion.
- As of April 26, Strategy holds a total of 818,334 BTC, acquired at an average price of $75,537 per BTC.
- Strategy has achieved a year-to-date BTC yield of 9.6%.
- The firm remains ahead of BlackRock’s holdings in its IBIT ETF, which contains 812,276 BTC.
Despite the recent acquisition spree, the scale has decreased from earlier purchases due to a lack of proceeds last week. Analysts suggest that Bitcoin may have reached an accumulation trigger point in this cycle.
Following the announcement, MSTR stock rose by 0.55% to $171.96 as Bitcoin trades around $77,786 today.(Source)
