Connect with us

Coin Market

Michael Saylor’s Strategy bagged 6,556 Bitcoin for $555.8M last week

Published

on

Michael Saylor’s Strategy, one of the world’s largest publicly listed corporate Bitcoin holders, added another major purchase to its growing portfolio as the cryptocurrency trades near $85,000.

Strategy acquired 6,556 Bitcoin for $555.8 million from April 14–20, at an average price of $84,785 per coin, the firm announced in its latest Form 8-K filing with the United States Securities and Exchange Commission.

The latest purchase accounts for 1.2% of Strategy’s total Bitcoin holdings of 538,200 BTC as of April 20, acquired for the aggregate amount of $36.5 billion at an average price of $67,766 per BTC.

An excerpt from Strategy’s Form 8-K filing. Source: Strategy

The latest Bitcoin purchase was funded using proceeds from the Common ATM and STRK ATM stock offerings, including the sale of 1,755,000 Strategy shares for $547.7 million and 91,213 shares of Series A preferred stock sold for $7.8 million.

Strategy expands buying after a pause

The latest purchase follows Strategy’s 3,459 BTC acquisition reported on April 14, which was the first announced purchase by the firm after March 31.

Prior to that, Strategy did not report a Bitcoin buy between March 31 and April 6, breaking its usual cadence as Bitcoin fell below $87,000.

Strategy has acquired 91,800 Bitcoin so far in 2025, accounting for 17% of its total BTC holdings.

This is a developing story, and further information will be added as it becomes available.

Magazine: Your AI ‘digital twin’ can take meetings and comfort your loved ones

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

Coin Market

XRP ‘probably going to $12’ as price holds historical bottom zone for months

Published

on

By

XRP is retesting a key multi-year support zone that has historically preceded major rebounds, with analysts predicting a rally toward $12 if the level holds.

Continue Reading

Coin Market

Polygon reduces block time to 1.75 seconds as payments push accelerates

Published

on

By

Polygon delivered its first block time reduction upgrade since genesis, as the network seeks to position for more high-frequency applications such as private stablecoin payments.

Continue Reading

Coin Market

Kraken parent Payward to buy Reap in $600M stablecoin payments push

Published

on

By

Kraken parent Payward agreed to buy Hong Kong-based Reap for up to $600 million, adding card issuance and stablecoin payment capabilities to its new B2B platform.

Continue Reading

Trending