#SaylorBTCPurchase Saylor Delves In: Buying Bitcoin Worth $555 Million Revives Strategy
The strategy, formerly MicroStrategy, purchased 6,556 Bitcoin for $555.8 million. The company bought Bitcoin at $84,785 each between April 14 and 20. This current move raises the company's Bitcoin holdings to 538,200.
The company holds over $36 billion in Bitcoin
The strategy has spent $36.47 billion on Bitcoin reserves at a price of $67,766 each, according to corporate disclosures. It has more Bitcoin than MARA Holdings, the largest upcoming public company.
The strategy bought Bitcoin again this week. Over $280 million was spent on nearly 3,460 Bitcoin two weeks ago. The company's Bitcoin yield since January is 12%.
The strategy wants $20 billion for further purchases
It seems the company will continue to buy Bitcoin. Sources said the strategy aims to sell over $20 billion in stock to finance Bitcoin purchases. Even while Bitcoin's performance has been stable in recent months, enthusiastic buying continues.
The strategy is not the only Bitcoin investor. Other institutional buyers are following suit. Metaplanet purchased 330 BTC for $28 million, bringing its total to 4,855 BTC worth over $500 million. The Japanese retail giant ANAP bought
#Saylor #crypto #ANAP #BTC $BTC