Strategy, Michael Saylor's company, has reinforced its position in Bitcoin. Between September 15 and 21, the company acquired an additional 850 BTC, totaling $99.7 million (approximately R$ 535 million), with an average price of $117,344 per unit. A few days after the purchase, the price of Bitcoin fell, first to around $115,000 and now in the range of $113,000.
According to a document sent to the U.S. Securities and Exchange Commission (SEC) this Monday (22), Strategy currently holds 639,835 BTC, valued at around $72 billion. The company's average acquisition cost so far is $73,971 per Bitcoin, totaling approximately $47.3 billion, already including fees and expenses.
This amounts to more than 3% of the total 21 million existing Bitcoins, representing gains of about $25 billion “on paper.” The recent purchases were financed by resources generated from the sale of Class A common shares (MSTR) and perpetual preferred shares of Strife (STRF).
The movements are part of Strategy's “Plan 42/42,” which aims to reach $84 billion in Bitcoin by 2027.
In a post on X on Sunday (21), Saylor commented on the market performance: “The orange dots go up and to the right,” accompanying a price chart of Bitcoin.
The last Bitcoin purchase made by Strategy occurred last week when it announced its smallest purchase in a month, acquiring 525 units of BTC for $60 million, also fully financed with funds from the issuance of preferred shares.
Strategy's shares fell 2.19% this Monday morning, trading at $337.19, according to Yahoo Finance. Bitcoin, in turn, was traded around $113, a drop of 2.1% in the last 24 hours, according to CoinGecko.
