#SaylorBTCPurchase
Strategy (formerly MicroStrategy) bought 6,556 Bitcoin for $555.8 million between April 14–20 at $84,785 per coin, raising its holdings to 538,200 BTC worth over $36 billion. The firm, led by Michael Saylor, has averaged $67,766 per coin. Two weeks earlier, it purchased 3,460 BTC for $280 million. Strategy plans to raise $20 billion via stock sales for more Bitcoin. Despite recent flat crypto performance, Bitcoin hit $87,600, boosting Strategy’s stock from $317 to $325. Other firms like Metaplanet and ANAP are also investing heavily. Analysts warn a true uptrend requires Bitcoin to exceed $89,000. Investors remain cautiously optimistic.