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Your email address will not be published.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

CZ says crypto exchange rivals opposed his pardon bid

Published

on

By

Binance co-founder Changpeng “CZ” Zhao said rival crypto exchanges were concerned a pardon could pave the way for Binance to return to the US market.

Continue Reading

Coin Market

7 major Bitcoin mining pools join Stratum V2, working group

Published

on

By

Individual miners in Bitcoin mining pools must rely on block templates provided by the mining pool operator.

Continue Reading

Coin Market

Strategy CEO Phong Le says company will sell BTC only in specific cases

Published

on

By

Strategy’s Bitcoin sales will not move the markets, despite it owning more than 4% of the digital currency’s maximum supply, Le said.

Continue Reading

Trending