HomeCrypto NewsMarketMichael Saylor’s Strategy Further Deepens Bitcoin Holdings with Latest Acquisition of 15,355 BTC

Michael Saylor’s Strategy Further Deepens Bitcoin Holdings with Latest Acquisition of 15,355 BTC

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Strategy is back in the headlines after splashing massive cash to secure a new batch of Bitcoin tokens for the second consecutive week.

The business intelligence-turned-Bitcoin development firm went shopping again in the previous week, its executive chairman, Michael Saylor, disclosed. In a tweet today, he confirmed that Strategy (formerly MicroStrategy) had acquired 15,355 BTC, worth $1.42 billion.

Strategy’s acquisition adds to its recent weekly and monthly streak, following a persistent double-down on Bitcoin. The firm has now acquired Bitcoin for the second week in a row and the third time in the past five weeks.

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Strategy Loves a Bitcoin Purchase

Meanwhile, Saylor disclosed that it acquired the fresh rounds of 15,355 BTC at an average price of $92,737 per coin, bringing its dollar-cost-averaged (DCA) Bitcoin cost to $68,459. Furthermore, today’s acquisition, which was expected following Saylor’s “green dot” tweet on Sunday, expands the depth of Strategy’s Bitcoin holdings to 553,555 BTC ($52 billion).

Interestingly, the self-acclaimed Bitcoin Treasury company further extends its position as the largest public firm holding the pioneering cryptocurrency. For context, it now holds second-place Marathon Digital by 505,955 BTC and third-place Twenty One Capital by 522,055 BTC, data from BitcoinTreasuries shows.

Remarkably, Strategy noted in the Monday acquisition announcement that its BTC yield now stands at 13.7% year-to-date, as its Bitcoin bet continues to pay off. Further analysis reveals that the firm spent $37.90 billion to acquire the stash, with its current valuation of $52 billion resulting in an unrealized profit of $14 billion.

Strategy Acquiring Bitcoin at Unreal Pace

Meanwhile, last week’s 15,355 BTC ($1.42 billion) acquisition further confirms a pattern noted by verified CryptoQuant contributor J.A. Maartunn. In a Monday tweet, he stressed that Strategy has always gone big on their acquisitions at the end of the month, as seen in the last three purchases.

For perspective, Strategy bought 20,365 BTC ($1.99 billion) and 22,048 BTC ($1.92 billion) in the last weeks of February and March, with today’s acquisition strengthening the argument. Meanwhile, in between the hefty Bitcoin buys, Strategy never acquired more than 7,000 BTC, further supporting the analyst’s theory.

Strategy’s Bitcoin Acquisition Chart

Remarkably, Adam Livingston recently stressed the impact of Strategy’s incessant Bitcoin acquisition in a Sunday commentary. The Bitcoin Age and The Great Harvest author highlighted that the business development firm is synthetically halving Bitcoin with its unrealized accruals.

While miners produce 450 BTC per day and 13,500 BTC per month following the 2024 halving, Strategy has been acquiring a chunk of these new bitcoins, synthetically reducing the supply. The analyst stressed that if this continues, Strategy would be inducing halving manually and spurring a supply shock.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Elendu Benedict
Elendu Benedict
Elendu Benedict is a refined cryptocurrency writer with over two years of experience in the field. With a thorough understanding of blockchain technology, cryptocurrencies, and market trends, as well as proficiency with ETFs, DeFi, and Web3, he specializes in writing engaging and educational articles on a variety of crypto-related subjects.

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