Strategy Just Dropped $1.42 Billion on Bitcoin — Saylor Bets Even Bigger as Prices Surge #CriptoNews

Strategy (NASDAQ:MSTR) expanded its Bitcoin holdings once again as the cryptocurrency surged past $90,000 last week. After a series of purchases between April 21 and April 27, the company announced it had acquired an additional 15,355 bitcoins for $1.42 billion, at an average price of $92,737 per coin. The latest transactions were funded through proceeds from Strategy’s common and STRK at-the-market offerings. As of April 27, Strategy holds a total of 553,555 bitcoins, acquired at an average purchase price of $68,459, bringing its total investment to approximately $37.9 billion.

Michael Saylor, Strategy’s executive chairman, emphasized that the company’s Bitcoin yield stands at 13.7% year-to-date, with a target of 15% by 2025. The recent purchase marks Strategy’s most aggressive accumulation since March and coincided with Bitcoin’s 8% rally from around $87,000 to nearly $94,000. Bitcoin was trading at $95,442 at the time of the announcement, slightly above its January 1 level but still below its January 21 peak of over $109,000. Strategy’s latest move reflects its ongoing strategy of using corporate funding tools to expand its Bitcoin position alongside bullish market momentum.

Saylor also highlighted that investors can still “buy BTC for less than $0.1 million,” reinforcing his long-standing bullish stance. Strategy’s aggressive Bitcoin strategy has helped push MSTR shares up roughly 24.4% year-to-date, now trading at over $360.5 at 11.56am today. The company’s market capitalization is moving over $92 billion billion mark, further solidifying Strategy’s identity as the largest corporate holder of Bitcoin and a high-leverage proxy for Bitcoin’s future performance.

This article first appeared on GuruFocus.