#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 is part of the company's strategy to boost its reserves of the digital currency, aiming to hold $42 billion in 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 more than 2.5% of the total Bitcoin supply.
Analyst Predictions
Analysts expect the value of Bitcoin to continue rising, which may positively impact the company's strategy. With increasing institutional interest in Bitcoin, Strategy appears well-positioned to achieve its investment goals.