Michael Saylor, the tech giant behind Strategy, recently announced an impressive addition to the company’s Bitcoin portfolio. Strategy has secured an additional 1045 BTC, costing around $110.2 million, equating to approximately $105,426 per Bitcoin. As of the latest update, Strategy boasts a year-to-date Bitcoin yield of 17.1%. Impressively, the company now holds a total of 582,000 BTC, purchased at an average price of $70,086 per coin, valuing its entire stash at nearly $41 billion.
Strategy’s latest Bitcoin acquisition is part of its ongoing strategy to diversify corporate treasuries with the leading digital currency. Saylor’s unwavering belief in Bitcoin’s potential shines through with this move. He has been vocal about his prediction that Bitcoin’s value could soar to $1 million, especially if Wall Street firms begin allocating a mere 10% of their reserves to the cryptocurrency.
This strategic accumulation of Bitcoin underscores Saylor’s optimism and positions Strategy as a pioneering force in corporate investment into digital currencies.
Tweet this:
“Michael Saylor’s Strategy adds 1045 BTC to its holdings, investing $110.2 million at an impressive yield. Now holding 582,000 BTC, Saylor’s belief in Bitcoin’s value continues to shape Strategy’s investment approach. #BitcoinInvestment #DigitalCurrencyFuture”
