Strategy Adds 15,355 More Bitcoin to Its Reserve in a $1.4 Billion Transaction
The co-founder of Strategy, Michael Saylor, has announced the company's acquisition of 15,355 additional bitcoins for $1.42 billion on April 28. With this recent acquisition, the company's bitcoin reserve has expanded to 553,555 BTC, purchased at $37.9 billion, or an average of $68,459 per unit.
Given the current trading value of bitcoin at above $95,000, the total value of the holdings now stands at $52.7 billion, indicating an unrealized profit of about $15 billion. The company's stock price has also seen a recovery, closing at nearly $370 on Friday, marking a 27.4% monthly rise, after a tariff-induced panic sell-off dropped it to under $240.