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Michael Saylor continues: New Bitcoin purchase from Strategy
Continuing to rapidly make Crypto purchases, Strategy bought 7,390 BTC for 764 million 900 thousand dollars between May 12-18. The average purchase price was 103 thousand 498 dollars. With this transaction, the company's total BTC holdings reached 576 thousand 230.
The market value of the Bitcoins in question has exceeded 59 billion dollars, while the company's total cost has reached 40 billion 200 million dollars. This indicates a paper profit of approximately 19 billion dollars.
The company financed its latest BTC purchase with the revenue obtained from the sale of MSTR and STRK shares. According to the announcement, this strategy is being implemented as part of the company’s plan to achieve a capital increase of 84 billion dollars by 2027. The company's co-founder Michael Saylor had previously hinted at new purchases with a humorous post on social media.
Strategy has purchased a total of 20,780 BTC since the beginning of May. Some analysts warn that these aggressive purchases could lead to a loss of momentum. On the other hand, the company's lack of payment obligations until 2028 and low debt levels make the current strategy sustainable according to some analysts.
Published: May 19, 2025 15:44