Connect with us

Coin Market

Strategy added 13,390 Bitcoin for $1.34B as price topped $100K

Published

on

Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week.

Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm announced in its filing with the US Securities and Exchange Commission published on May 12.

The acquisition has increased Strategy’s total Bitcoin holdings by 2.4% to a total of 568,840 BTC, acquired for about $39.4 billion at an average price of $69,287 per coin.

An excerpt from the Form-8 by Strategy filed on May 12. Source: Strategy

The newly announced purchases were made at an average price of $99,856 per BTC, with Bitcoin reclaiming the psychological mark of $100,000 on May 8.

Strategy achieves Bitcoin yield target

Following the acquisition, Strategy met its 2025 Bitcoin yield target, co-founder Michael Saylor said in a May 12 post on X.

The purchase brought Strategy’s BTC yield — an indicator representing the percentage change of the ratio between its BTC holdings and assumed diluted shares — to 15.5%, Saylor said in a statement on X.

Source: Michael Saylor

As previously mentioned, Strategy is seeking to maintain the Bitcoin yield target at 15% for the entire 2025 after posting a 74% BTC yield last year.

Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Coin Market

Most crypto investors believe Bitcoin is undervalued: Coinbase survey

Published

on

By

Coinbase survey results and onchain data suggest that Bitcoin is undervalued and at the tail end of its bear market phase.

Continue Reading

Coin Market

Realmint launches to give retail investors a smarter way into RWAs

Published

on

By

Realmint officially launches today, opening doors for retail investors to access RWAs through a smarter, data-driven platform.

Continue Reading

Coin Market

Changelly turns 11, reaches 12 million users, and expands global partner network

Published

on

By

Changelly, a leading instant cryptocurrency exchange and trusted blockchain API provider, is marking its 11th anniversary with a new company milestone.

Continue Reading

Trending