Continued Bitcoin Acquisition: Michael Saylor's Strategy Continues with $1.3 Billion in Purchases
Shorthand Version
Title: Strategy's Colossal Bitcoin Grab Stirs the Crypto Sphere
Scribble It's hump day crypto style, and the headline for today is Strategy's gravy train of Bitcoin purchases!
Michael Saylor's Strategy, once known as MicroStrategy, has once again thrown its hat into the Bitcoin arena, amassing 13,390 BTC within the span of a week, totaling over $1.34 billion, as per a filing with the Securities and Exchange Commission on May 10th.
Now, the company is flaunting a whopping 568,840 Bitcoin, valued at a staggering $59 billion at current prices.
Strategy's chairman Michael Saylor announced the purchase on Twitter, boasting of their Bitcoin Yield of 15.5% YTD (year-to-date) by 2025. As of May 11th, 2025, their haul amounts to 568,840 BTC, acquired for approximately $39.41 billion at an average of $69,287 per Bitcoin.
NASDAQ-listed MSTR has invested a total of $39.41 billion in Bitcoin so far, with each coin trading at an average price of $69,287. Strategy, which initially started off as a data-analyzing software company, now holds the most substantial share of Bitcoin among corporations.
The Bitcoin buying spree began back in 2020 when Saylor proposed investing in Bitcoin as a means to provide shareholders with the best bang for their buck during the COVID-19 pandemic. As the U.S. Federal Reserve pumped trillions into the economy to prevent a financial collapse, Saylor championed Bitcoin as a superior asset and inflation hedge, encouraging companies to follow suit to protect their capital.
Strategy, headquartered in Tysons, Virginia, is now involved in securitizing Bitcoin, with the objective of enabling investors to purchase shares in a publicly-traded company for regulated exposure to the cryptocurrency. Smaller companies on the NASDAQ and other exchanges have taken note, emulating Strategy's approach, including Metaplanet and Semler Scientific.
Bitcoin recently gained over 11% within a seven-day period to trade at $104,110, according to CoinGecko data. The cryptocurrency edged 4% shy of its all-time high of $108,786 hit in January 2021.
Bonus Facts- MicroStrategy first set foot in Bitcoin in August 2020, with an initial buy of 21,454 Bitcoin at an average price of around $11,654. The strategy was a response to the economic uncertainties caused by the COVID-19 pandemic and the subsequent inflation fears.- The motivation behind the investment was Michael Saylor's belief in Bitcoin's deflationary nature and its potential as a non-sovereign digital store of value.- MicroStrategy has implemented debt financing mechanisms to fund some of its Bitcoin purchases, raising discussions around potential margin calls if Bitcoin prices plummet significantly.
- Michael Saylor's company, Strategy, has invested a substantial amount in digital assets, specifically Bitcoin, accumulating 568,840 BTC worth $59 billion.
- Strategy's Bitcoin Yield is projected to be 15.5% YTD (year-to-date) by 2025, according to chairman Michael Saylor's announcement on Twitter.
- The cryptocurrency market has seen a significant rise recently, with Bitcoin trading at $104,110, a 7-day increase of over 11%.
- The Bitcoin buying spree by Strategy encourages other corporations and smaller companies, such as Metaplanet and Semler Scientific, to invest in cryptocurrencies.
- Businesses are exploring cryptocurrency investments as a potential hedge against inflation and economic uncertainties, such as those seen during the COVID-19 pandemic.
