#XRPETFs Strategy acquires 15,355 Bitcoins for $1.42B as the price surpassed $90K
Michael Saylor's strategy increased its massive Bitcoin reserve last week as the cryptocurrency rose above $90,000.
In an announcement on April 28, the strategy reported the acquisition of 15,355 Bitcoins (BTC) between April 21 and April 27.
The latest purchases cost the strategy $1.42 billion at an average price of $92,737 per BTC, increasing the company's aggregated BTC holdings by about 3%, totaling 535,555 BTC worth over $50 billion.
The strategy's last purchase is the largest since late March when the company acquired 22,048 Bitcoins for $1.92 billion at an average price of $86,969 per BTC.
The strategy's yield in Bitcoin is at 13.7%.
Announcing the purchase on X, the co-founder of the strategy, Saylor, stated that the company achieved a yield in BTC of 13.7% so far.
“As of April 27, we have 553,555 BTC acquired for approximately $37.90 billion at $68,459 per Bitcoin,” noted Saylor.
The strategy's yield in BTC — an indicator representing the percentage variation of the ratio between its BTC holdings and the diluted shares assumed — was 74% in 2024.
The company expects to achieve a target yield in BTC of 15% in 2025.
This is a developing story, and more information will be added as it becomes available.
Magazine: Hopes for Bitcoin at $100K frozen, mysterious SBF jail movement: Hodler's Digest, April 20 to 26
