Strategy Inc. Acquires 7,390 Bitcoin for $764 Million
Strategy Inc., led by Michael Saylor, has acquired 7,390 BTC for approximately $764.9 million, increasing its total holdings to 576,230 BTC.
Total Holdings Overview
- Acquisition period: May 12-18
- Average purchase price per BTC: $103,498
- Current BTC price: $102,622.53 (1.19% decrease in 24 hours)
- Year-to-Date BTC Yield: 16.3%
- Total investment value: $40.18 billion at an average cost of $69,726 per BTC
- Current valuation of holdings: $59.5 billion
- Percentage of total Bitcoin supply held: 2.7%
Funding for the acquisition came from the sale of MSTR shares and Strike preferred stock. Recent sales included:
- 1,712,708 MSTR shares sold for $705.7 million
- 621,555 STRK shares sold for approximately $59.7 million
- Remaining MSTR shares available: $18.98 billion
- Remaining STRK shares available: $20.79 billion
Market Outlook
A month prior, Strategy purchased 6,556 BTC for about $555.8 million. Saylor suggests more acquisitions may follow, emphasizing Bitcoin's advantages as a store of value compared to traditional assets.
Market analysts note a potential bullish trend for Bitcoin, with expectations of a “golden cross” formation signaling possible future price rallies, despite external economic pressures like Moody’s credit rating downgrade of the US.