Saylor’s Strategy Executes Largest Bitcoin Purchase in Nine Months
- Michael Saylor’s firm, Strategy, bought $2.13 billion in Bitcoin last week.
- The purchase included 22,035 BTC at an average price of $95,280 per Bitcoin.
- Strategy used a new financial instrument, STRC, to finance part of the acquisition.
- STRC is a Series A Perpetual “Stretch” Preferred Stock with an annualized yield of roughly 11%.
- Ethereum and other crypto majors saw significant declines, with ETH down by -6% and BTC by -3%.
Michael Saylor’s firm executed its largest Bitcoin purchase in nine months using a new financial instrument called STRC to avoid equity dilution or high-risk debt reliance. This approach allows Strategy to continue accumulating Bitcoin without affecting its existing holdings or shareholder equity.
This strategic move highlights how Strategy is evolving into a Bitcoin-backed financial platform while maintaining its treasury strategy amidst market fluctuations . (Source )
