#SaylorBTCPurchase
Latest Bitcoin Purchase by Michael Saylor
Strategy, led by Michael Saylor, announced the purchase of 6,556 Bitcoin at a total cost of $555 million, between April 14 and 20. This increase in Bitcoin purchases comes as part of the company's strategy to increase its reserves of digital currency, aiming to hold $42 billion worth of Bitcoin by the end of 2027¹
Deal Details
- Number of Bitcoin Purchased: 6,556
- Total Cost: $555 million
- Average Purchase Price: $84,785 per Bitcoin
- Total Bitcoin Held: 538,200 Bitcoin
- Total Value: Approximately $47 billion at current prices
Company Strategy
Strategy continues to implement its investment strategy focused on Bitcoin, relying on selling shares to raise the necessary funds for new purchases. Estimates suggest that the company now holds over 2.5% of the total Bitcoin supply.
Analysts' Forecasts
Analysts expect the value of Bitcoin to continue rising, which could positively impact the company's strategy. With increasing institutional interest in Bitcoin, Strategy seems well-positioned to achieve its investment goals.
