$BTC
Michael Saylor's Strategy recently purchased a new batch of Bitcoin after the cryptocurrency broke $100,000 last week.
Strategy purchased 13,390 Bitcoins (BTC) between May 5 and May 11 at a total price of $1.34 billion, as announced in a filing with the U.S. Securities and Exchange Commission on May 12.
The acquisition increased Strategy's Bitcoin holdings by 2.4%, totaling 568,840 coins, with an average purchase price of $69,287 per coin, totaling approximately $39.4 billion.
The latest reported average purchase price of Bitcoin is $99,856 per coin, and on May 8, Bitcoin returned to the psychological price level of $100,000.
Strategy achieves Bitcoin revenue target.
Following the acquisition, Strategy reached its Bitcoin revenue target for 2025, co-founder Michael Saylor stated in a post on the X platform on May 12.
In a statement on the X platform, Saylor said this purchase brought Strategy's Bitcoin revenue — a metric representing the percentage change in the company's Bitcoin holdings relative to expected dilution shares — to 15.5%.
Saylor has stated that Strategy plans to maintain a Bitcoin revenue target of 15% during 2025, while last year's revenue reached 74%.
