Michael Saylor goes in for another $255M of Bitcoin
Michael Saylor’s Strategy has increased its Bitcoin holdings once more, announcing another significant BTC purchase on Monday, April 27. The firm bought 255 million worth of Bitcoin, making it the fourth consecutive Bitcoin-buying move this month, and adding to its aggressive treasury build.
In a new post on X, Michael Saylor reports that Strategy purchased 3,273 BTC ($255 million). The newest Bitcoin purchase was made at an average cost of $77,906 per BTC, the firm said. Although the new acquisition continues with Strategy acquiring a monthly amount of spot Bitcoin regularly, this particular purchase is considerably smaller than the mass purchase that was announced last Monday when the company bought $2.54 billion worth of Bitcoin.
Confirmation from Strategy The latest move solidifies that despite the decreased purchase size, Strategy continues to follow its formulaic Bitcoin accumulation model. The fourth consecutive week of buying Bitcoin has seen the company continue to bolster its BTC position across April. This historical pattern is evidence that faith in Bitcoin as a reliable treasury reserve asset endures even amidst state of the market choppy waters.
In addition, Strategy noted that its Bitcoin-centric treasury strategy keeps delivering solid performance numbers. The firm booked a Bitcoin Yield of 9.6%-on-year, reinforcing the impact of its aggressive BTC acquisition strategy. The ROI metric has turned into an important KPI for investors monitoring Strategy’s Bitcoin treasury deployment and capital efficiency.
With the April 26th purchase, Strategy adds to its current archives and is now holding 818 334 BTC and still remains in number one spot as a corporate Bitcoin holder worldwide. The latest disclosure by the firm showed that the combined Bitcoin stack was purchased for a total of $61.81 billion at a weighted average purchase cost of $75,537 per BTC. This puts Strategy in a very favorable position as Bitcoin trades above its long-term average cost of acquisition.
The recent acquisition also allows Strategy to keep ahead of many big institutional players. Significantly, with such sales the company still has more Bitcoin than BlackRock’s IBIT ETF, which right now holds 812,276 BTC. This keeps Strategy in the lead on this recurring race for institutional Bitcoin domination while cementing its position as the most aggressive corporate BTC accumulator.
But the diminished scale of this week’s deal may indicate a more short-lived drop in capital inflows. “The fact that STRC did not raise any proceeds last week likely also explains Strategy’s reduced Bitcoin allocation, market observers noted. In a previous update published on X, the company claimed it had been a “quiet” week for STRC and questioned whether Michael Saylor will keep his bull run in buying more Bitcoins.
To note: Saylor’s recent Bitcoin purchase, although within the Company’s smaller allocation, signals one thing extremely clear; Michael Saylor is far from having been deterred in his commitment to accumulate BTC and Strategy has not run out of fuel on its Bitcoin acquisition spree.
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