Saylor Doubles Down: Strategy Adds $555M in Bitcoin

Strategy (formerly MicroStrategy) has purchased 6,556 BTC for $555.8M between April 14–20, at an average price of $84,785 per coin. This brings the company's total holdings to 538,200 BTC, acquired at a total cost of $36.47B—an average of $67,766 per coin.

Earlier this month, Strategy spent another $280M on 3,460 BTC, pushing its 2024 YTD return to 12% on Bitcoin alone. Despite Bitcoin's recent sideways action, the firm is reportedly planning to raise $20B through stock sales to buy more.

Strategy's latest move comes as MSTR stock rose 3% to $325 in after-hours trading, tracking Bitcoin’s climb to $87,600. Analysts note that Bitcoin must break $89,000 to confirm a bullish trend, urging caution in the short term.

Meanwhile, other institutions are also buying:

Metaplanet: +330 BTC ($28M), total 4,855 BTC

ANAP (Japan): $70M in Bitcoin

Executive Chairman Michael Saylor reiterates that Strategy’s BTC-focused approach has outperformed traditional assets since inception.

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