#TrumpTaxCuts 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 total BTC holdings by about 3%, totaling 535,555 BTC worth over $50 billion.
The strategy's latest 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 Bitcoin yield of the strategy stands at 13.7%
Announcing the purchase on X, the co-founder of the strategy, Saylor, said that the company achieved a BTC yield of 13.7% to date.
“On April 27, we have 553,555 BTC acquired for approximately $37.90 billion at $68,459 per Bitcoin,” Saylor noted.
The strategy's BTC yield — an indicator that represents 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 BTC yield target of 15% in 2025.
This is a developing story, and more information will be added as it becomes available.
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