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

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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

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Coin Market

Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report

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As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption.

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Coin Market

IRS plans lower tax disclosure penalties, including for crypto: Forbes

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The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul.

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Coin Market

Initia halts blockchain after exploit reportedly drains over $2.6M

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The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.

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