Billionaire Michael Saylor Purchases 1,955 BTC for $217.4M – | MPAworld on Binance Square

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Billionaire Michael Saylor Purchases 1,955 BTC for $217.4M – New Highs Coming Soon?
Michael Saylor’s Bitcoin strategy shows no signs of slowing down. On September 8, Saylor’s company announced that it had acquired an additional 1,955 BTC for approximately $217.4 million.

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Strategy Buys $217 Million More In Bitcoin After S&P 500 Snub Michael Saylor’s Strategy Inc. announced Monday it acquired 1,955 BTC for $217.4 million at an average price of $111,196 per Bitcoin, days after being passed over for S&P 500 inclusion. The Virginia-based company, formerly known as MicroStrategy, now holds a massive 638,460 BTC worth approximately $71.5 billion at current prices, maintaining its spot as the world's largest public corporate Bitcoin holder. The purchase came just days after Strategy was snubbed from the S&P 500 index despite strong results in Q2, while Robinhood took the spot, with its stock jumping 7% as Strategy fell nearly 3% in after-hours trading on Friday. QCP Capital noted in its latest report that Bitcoin's ability to maintain levels above $110,000 "despite Strategy's exclusion from the S&P500" demonstrates "resilience." Robinhood Set to Join S&P 500 as Bitcoin Giant Strategy Misses Out Bitcoin is trading around $112,000, gaining 0.9% in the past 24 hours, according to CoinGecko. Strategy’s latest purchase has delivered a "BTC Yield of 25.8% YTD 2025" for shareholders, according to its Form 8-K filing. The company funded Monday's purchase through its at-the-market offering programs, selling 591,606 common shares for $200.5 million in net proceeds alongside preferred stock sales totaling $16.9 million during the September 2-7 period. The move follows similar acquisitions by other major corporate Bitcoin holders with Japan's Metaplanet Inc. announcing Monday it purchased 136 BTC for $15.2 million, bringing its total holdings to 20,136 BTC. "Bitcoin treasury companies have now accumulated over a million BTC and as they continue to buy and grow, it will provide a very strong buying base for the asset," Pranav Agarwal, independent director at Jetking Infotrain India—the country’s first listed Bitcoin treasury company, previously told Decrypt. Strategy’s stock (MSTR) closed today at $335.87 (+2.53%) and is trading lower in pre-market at around $329.20, according to Google Finance.

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