Michael Saylor’s Strategy bagged 6,556 Bitcoin for $555.8M last week
Michael Saylor’s Strategy, one of the world’s largest publicly listed corporate Bitcoin holders, added another major purchase to its growing portfolio as the cryptocurrency trades near $85,000.Strategy acquired 6,556 Bitcoin for $555.8 million from April 14–20, at an average price of $84,785 per coin, the firm announced in its latest Form 8-K filing with the United States Securities and Exchange Commission.The latest purchase accounts for 1.2% of Strategy’s total Bitcoin holdings of 538,200 BTC as of April 20, acquired for the aggregate amount of $36.5 billion at an average price of $67,766 per BTC.An excerpt from Strategy’s Form 8-K filing. Source: StrategyThe latest Bitcoin purchase was funded using proceeds from the Common ATM and STRK ATM stock offerings, including the sale of 1,755,000 Strategy shares for $547.7 million and 91,213 shares of Series A preferred stock sold for $7.8 million.Strategy expands buying after a pauseThe latest purchase follows Strategy’s 3,459 BTC acquisition reported on April 14, which was the first announced purchase by the firm after March 31.Prior to that, Strategy did not report a Bitcoin buy between March 31 and April 6, breaking its usual cadence as Bitcoin fell below $87,000.Strategy has acquired 91,800 Bitcoin so far in 2025, accounting for 17% of its total BTC holdings.This is a developing story, and further information will be added as it becomes available.Magazine: Your AI ‘digital twin’ can take meetings and comfort your loved ones
Read the full article at cointelegraph.com
Source: cointelegraph.com
Published: April 21, 2025
