Michael Saylor accelerates its purchase plan and buys another 15,355 bitcoins!
Michael Saylor announced on social media X on Monday that its leadership, Strategy (formerly MicroStrategy), spent another $1.42 billion last week to buy 15,355 bitcoins, which is their second straight week of mass purchases.
After this wave of operations, Strategy now holds a total of 553,555 Bitcoins, worth about US$52 billion. It is the largest cryptocurrency company holder as stable as Mount Tai!
This time, Strategy bought this batch of Bitcoin at an average price of $92,737 per coin, which is much higher than their previous average cost of $68,459 per coin. They make a large-scale purchase every month at the end of the month, and this time is no exception.
Since Strategy's transformation from business intelligence to cryptocurrency development, Strategy has bought Bitcoin three times in the past five weeks. This strong buying strategy looks very successful. The Bitcoin they hold has achieved a 14% return this year, which is simply too powerful!
Moreover, Strategy holds far ahead of other listed companies investing in cryptocurrencies. According to Bitcoin Treasuries, they have 505,955 more than Marathon Digital, which is ranked No. 2 and 522,055 more than Twenty One Capital, which is ranked No. 3.
As of Monday, Strategy has spent nearly $38 billion in cumulative purchases, and now holds cryptocurrencies worth more than $50 billion and has a book profit of $14 billion. However, these profits have to wait until the company sells some of its holdings before it can be settled.
CryptoQuant expert JA Maartunn found that Strategy is used to buying big money at the end of the month. They bought 20,365 bitcoins (worth $1.99 billion) at the end of February and another 22,048 (worth $1.92 billion) at the end of March, and the same was true for this April purchase.
In the large purchases at these ends of the month, Strategy never exceeded 7,000 BTC at any time, which also confirms the observations and perceptions of their purchasing behavior.
Strategy's move at the end of this month, with more than 7,000 BTC purchases, may suggest that Strategy may continue to buy in large quantities in the coming months.
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