Latest Bitcoin Purchase by Michael Saylor
Strategy, led by Michael Saylor, announced the purchase of 6,556 Bitcoins 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 digital currency reserves, aiming to hold $42 billion worth of Bitcoin by the end of 2027¹
Deal Details
- Number of Bitcoins Purchased: 6,556
- Total Cost: $555 million
- Average Purchase Price: $84,785 per Bitcoin
- Total Bitcoins Held: 538,200 Bitcoins
- 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, it appears that Strategy is well-positioned to achieve its investment goals.
