Strategy Bolsters Its Bitcoin Holdings with a $1.5 Billion Purchase
In a significant move, Strategy, under the guidance of founder Michael Saylor, has expanded its Bitcoin reserves, securing nearly $1.5 billion of the cryptocurrency, as Saylor elaborated in a recent X post. This acquisition is part of the Virginia-based software company’s ongoing commitment to Bitcoin, which was detailed in an April 28 filing with the United States Securities and Exchange Commission (SEC). The company purchased 15,355 Bitcoin at an average price of $92,737 each, totaling approximately $1.42 billion.
The latest purchase increases Strategy’s total Bitcoin holdings to 553,555, valued at around $37.90 billion, with an average purchase price of $68,459 per coin. This move comes shortly after Strategy announced an investment of over $555 million in Bitcoin, resuming its buying strategy after a brief pause. The pause in acquisitions came as the global markets were dealing with the implications of U.S. President Donald Trump’s “Liberation Day” tariff policies.
Despite fluctuations in the U.S. dollar’s strength, Bitcoin’s value has been on the rise, with prices hovering around $94,000 as of the latest reports. Saylor, who has been a prominent advocate for Bitcoin since Strategy’s initial investment in 2020, remains optimistic about the cryptocurrency’s future. He recently lauded the appointment of Paul Atkins as the new SEC chair, highlighting Atkins’ potential positive impact on Bitcoin and the broader digital asset market. Atkins, known for holding up to $6 million in cryptocurrency, has pledged to establish a fair regulatory environment for digital assets, aiming to make the United States a leading and secure destination for business.
Tweetable highlight: “Strategy boosts its Bitcoin cache to $37.9B with a $1.5B purchase, as Michael Saylor champions the digital currency’s bright future. #Bitcoin #InvestmentStrategy”
