Saylor and Strategy Buy $1.42 Billion Worth of Bitcoin
Michael Saylor continues to make waves. Strategy (MSTR) announced that it has purchased an additional 15,355 bitcoins in the past week, totaling around $1.42 billion. At an average price of $92,737 per unit, the company is continuing its massive bet on digital gold.
A Digital Gold Reserve Exceeding $52 Billion
With this latest purchase, Strategy now holds 553,555 bitcoins, valued at over $52 billion at the current price of Bitcoin, just above $95,000. The company, emblematic of the “Bitcoin standard” strategy, has an average cost of acquisition of $64,459 per bitcoin. This significantly positive difference further solidifies its position with billions of dollars in unrealized profits.
Interestingly, Strategy now holds 2.63% of the total Bitcoin supply.
Saylor Maintains his Bitcoin Accumulation Strategy: Financing through Stock Sales
According to the latest 8-K filing on Monday, this operation was financed through sales of ordinary and preferred shares. Between April 21 and 27, Strategy sold over $4 million in Class A securities and over 435,000 shares of its preferred series STRK. Today, there is only $128.7 million left in the initial $21 billion program launched in October 2024.
A Positive Momentum in the Markets
Investors seem to be applauding the move: MSTR shares were up 1.7% in pre-market trading this Monday, following the slight increase in Bitcoin since Friday. While Michael Saylor’s strategy continues to polarize, the results speak for themselves: Strategy is now more than ever the most Bitcoin-exposed public company in the world.
