Michael Saylor’s firm, Strategy, continues to augment its holdings of Bitcoin, purchasing another 4,980 BTC in the past week.
This latest buying cost strategy some $531.1 million, buying BTC at an average price of $106,801. Strategy acquired the coins while Bitcoin traded between $101,000 and $108,000 last week. The latest buying spree is proof of Saylor’s ongoing commitment to BTC since the company first invested in August 2020.
The company now holds 597,325 Bitcoins in its portfolio following the latest buyout, which cost nearly $42.4 billion in total. That brings the average price per Bitcoin in the strategy portfolio to $70,982. Strategy is once again the largest public Bitcoin owner in the world, demonstrating long-term faith in cryptocurrency.
The YTD Bitcoin gain for the company has reached 85,871 BTC, which is the value of roughly $9.5 billion in market value. Strategy in 2024 alone added 140,538 BTC, which is the value of nearly $13 billion in incremental digital asset value.
Saylor shares weekly Bitcoin (BTC) buying plans
Strategy posted a 0.5% gain in combined Bitcoin yield, which brings its year-to-date yield to 19.7%. It brings the firm within range of the 25% yield the company projects for 2025, which demonstrates consistent upward momentum in the face of the volatile market. Its quarter-to-date BTC yield also advanced, increasing to 7.8% after being 7.4%, company-released data show.
Concurrently with the latest buying, Strategy is said to have moved 7,383 BTC, valued at some $796 million, to three new wallets. Strategists think the transaction was for enhancing good custody and asset safety through diversification of wallets.
Blockchain data platforms’ recommended strategy usually shows future buying via weekly Sunday commentary by Michael Saylor. Such transparency has put the company in the spotlight, with institutional Bitcoin holders being closely watched by analysts.
Strategy has been a buy-and-hold tradition since 2022 and only periodically unloads Bitcoin. Both of their major sellouts totaled just 704 BTC, which they repurchased days after the initial buy. Saylor continues to share the company’s Bitcoin history, going back to 2020 investment decisions.
