Michael Saylor’s Strategy company just completed its third-largest Bitcoin acquisition ever, buying 34,164 BTC for approximately $2.54 billion.
The company now owns 815,061 BTC acquired for $61.56 billion, at an average price of $75,527 per Bitcoin.
The recent one acquisitionPriced at an average of $74,395 per Bitcoin, it was Strategy’s largest since a purchase of 55,000 BTC reported on November 25, 2024, the company’s largest crypto purchase ever. The company’s second largest acquisition was a purchase of 51,780 BTC, also reported in November 2024.
Approximately 86% of the proceeds came from the proceeds of STRC sales, while the remainder came from the sale of MSTR common stock resulting in dilution of the common stock. STRC is Strategy’s Variable Rate Series A Perpetual Preferred Stock, which currently pays a variable monthly dividend of 11.5%.
Saylor says Strategy has achieved a 9.5% BTC return so far. The company, which trades on the Nasdaq under the ticker MSTR, is the world’s largest corporate holder of Bitcoin and was the first publicly traded company to adopt BTC as its sole treasury reserve.
Bitcoin is trading at $75,655 at the time of writing. The highest-ranked crypto asset by market capitalization is up 0.54% in the past 24 hours and almost 5% in the past seven days.
In a tweet earlier this month, Saylor said predicted that Bitcoin would not have to endure future boom-and-bust cycles.
“Bitcoin has won. The global consensus is that BTC is digital capital. The four-year cycle is dead. The price is now determined by capital flows. Bank and digital credit will determine Bitcoin’s growth trajectory. The biggest risk is bad ideas driving iatrogenic protocol changes.”
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Credit : dailyhodl.com
