There are notable developments in the cryptocurrency world. Strategy (formerly MicroStrategy), led by Michael Saylor, continues its Bitcoin (BTC) purchases without slowing down. The company purchased 130 more BTC for $10.7 million last week, bringing its total Bitcoin holdings to 499,226 BTC.
Strategy's Massive Bitcoin Investment Details
The company's latest BTC purchase was made at an average price of $82,981. This purchase was financed by the sale of 123,000 shares of STRK preferred stock, generating a net income of approximately $10.7 million. This development further increased Strategy's Bitcoin holdings, which it acquired by spending a total of $33.1 billion. The average cost was calculated as $66,360.
Highlights of Strategy’s Bitcoin investment strategy:
Total BTC holdings: 499,226 BTC
Total investment amount: $33.1 billion
Average BTC cost: $66,360
Last purchase: 130 BTC / $10.7 million
Stock Price Increase with Bitcoin Purchases
The company’s previous large Bitcoin purchases were also reflected in its stock prices. For example, a $4.6 billion BTC purchase resulted in a 10% increase in its stock price. This purchase included approximately 51,780 BTC at an average price of $88,627, bringing its total BTC holdings to 331,200 BTC at the time.
Strategy, which decided to invest in alternative assets in 2020, increased its market value to $75 billion with this strategy. Its stock price increased 20-fold in four years. This approach has made the company the world’s first “Bitcoin treasury company.”
Strategic BTC Purchases Continue
Strategy, led by Michael Saylor, aims to increase its market value by continuing its Bitcoin investments. However, this growth also brings with it issues such as market risk and investor sensitivity.
Author: Besim Şen
