Michael Saylor’s Strategy Resumes Bitcoin Purchases with $43 Million Acquisition
- Strategy acquired 535 BTC for approximately $43 million at an average price of $80,340 per Bitcoin.
- The firm paused its Bitcoin buying last week before resuming on May 11, following its earnings report.
- As of May 10, Strategy holds a total of 818,869 BTC, valued at over $66 billion.
- The company achieved a BTC Yield of 9.4% year-to-date in its holdings.
- Previous purchases were significantly larger, with the last major acquisition on April 20 totaling $2.54 billion.
This recent purchase signals a cautious return to acquiring Bitcoin after a brief pause, highlighting the firm’s ongoing commitment to its cryptocurrency strategy despite previous reductions in purchase scale.
With this acquisition of 535 BTC, Michael Saylor’s firm continues to build its substantial reserve while maintaining a yield of 9.4%. (Source)
