Michael Saylor’s Strategy Buys $2,010,000 Worth of Bitcoin in One of the Firm’s Largest Acquisitions Ever

Michael Saylor’s firm Strategy just completed of its largest Bitcoin buys ever, acquiring 24,869 BTC for approximately $2.01 billion.

The company now owns 843,738 BTC acquired for $63.87 billion at a price of $75,700 per Bitcoin.

The recent acquisition, priced at an average of $80,985 per Bitcoin, was Strategy’s sixth-largest on a BTC basis and 8th-largest on a dollar basis.

Saylor says Strategy has achieved a BTC Yield of 12.6% year-to-date. The firm, which trades on the Nasdaq under the ticker MSTR, is the world’s largest corporate holder of Bitcoin and was the first public company to adopt BTC as its sole treasury reserve asset.

Bitcoin is trading at $76,374 at time of writing. The top-ranked crypto asset by market cap is down more than 2% in the past 24 hours and nearly 7% in the past seven days.

In a tweet in April, Saylor predicted that Bitcoin would not have to endure future boom-and-bust cycles.

“Bitcoin has won. Global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows. Bank and digital credit will determine Bitcoin’s growth trajectory. The biggest risk is bad ideas driving iatrogenic protocol changes.”

Saylor has encouraged investors to “never sell” BTC. However, he made headlines in a recent earnings call when he suggested the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”

Generated Image: Midjourney