Strategy invested $1.42 billion to increase its holdings by 15,355 bitcoins when the price of Bitcoin (BTC) broke through $90,000.

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Source: Cointelegraph
Original: “Strategy Invests $1.42 Billion to Acquire 15,355 Bitcoins as BTC Price Surges Past $90,000”

Michael Saylor's Strategy company further expanded its massive Bitcoin reserves last week as Bitcoin soared above $90,000.

According to an announcement on April 28, Strategy purchased 15,355 Bitcoins between April 21 and 27.

The acquisition cost $1.42 billion, with an average price of $92,737 per Bitcoin, increasing the company's overall Bitcoin holdings by approximately 3%, bringing the total to 535,555 Bitcoins, with a total value exceeding $50 billion.

This purchase is the largest since the end of March, when the company bought 22,048 Bitcoins at an average price of $86,969, totaling $1.92 billion.

Strategy's Bitcoin yield reached 13.7%

When announcing the purchase on the X platform, Strategy co-founder Saylor stated that the company has achieved a 13.7% Bitcoin yield so far this year.

Saylor noted, “As of April 27, we hold a total of 553,555 Bitcoins, with a purchase cost of approximately $37.9 billion, averaging $68,459 per Bitcoin.”

Strategy's Bitcoin yield—an indicator representing the percentage change in its Bitcoin holdings relative to the assumed dilution of shares—reached 74% in 2024.

The company expects to achieve a 15% Bitcoin yield target by 2025.

“You can still buy Bitcoin for less than $100,000”

Strategy's Bitcoin acquisition coincided with a significant rise in Bitcoin prices last week. According to CoinGecko, from April 21 to 27, the price of Bitcoin increased by 8% from around $87,000, approaching $94,000.

As of the time of writing, the price of Bitcoin is $95,442, slightly above the price on January 1, but still below the historical high of over $109,000 set on January 21.

During the rise in Bitcoin prices, Strategy continued to increase its Bitcoin holdings, while Saylor consistently posted bullish messages on social media.

On April 25, Saylor wrote, “You can still buy Bitcoin for less than $100,000.”

In a post on the X platform prior to the purchase announcement, Saylor also stated, “Stay humble. Keep stacking (sats).”

He included a screenshot of Strategy's portfolio tracker in this message, showing the timeline of the company's Bitcoin purchases on the price chart.

At the time of this announcement, Strategy was nearing a market capitalization of $100 billion. According to TradingView, MSTR stock has risen about 23% year-to-date, trading at $368.7 at the time of publication.

Related: CoinShares: Cryptocurrency ETPs Set Record for $3.4 Billion in Inflows

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