Strategy Purchases $2B in Bitcoin

(AsiaGameHub) –   Strategy has executed another significant Bitcoin acquisition, adding 24,869 BTC at a cost of roughly $2.01 billion—even as Bitcoin’s current trading price is lower than the average price paid for this latest purchase.

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Good to Know

• Strategy currently holds 843,738 BTC, which were purchased for a total of $63.87 billion.
• The most recent purchase had an average cost of $80,985 per Bitcoin.
• Michael Saylor has stated: “Bitcoin has won.”

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Saylor Continues Purchasing Bitcoin Amid Lower Trading Prices

Strategy acquired its latest batch of Bitcoin at an average rate of $80,985 per coin. At the time this article was written, Bitcoin was trading at $76,374—representing a drop of over 2% in the past 24 hours and nearly 7% over the previous seven days.

This price difference doesn’t seem to have deterred Michael Saylor. Strategy, which trades on Nasdaq under the ticker MSTR, continues to be the world’s largest corporate holder of Bitcoin and the first public firm to use BTC as its sole treasury reserve asset.

This new acquisition is Strategy’s sixth-biggest Bitcoin purchase by the number of BTC and eighth-largest by dollar amount. The company’s total Bitcoin holdings now reach 843,738 BTC, purchased for a total of $63.87 billion at an average price of $75,700 per coin.

Saylor has described Bitcoin not so much as an investment trade but rather as a balance sheet mechanism. Back in April, he penned:

“Bitcoin has won. Global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows. Bank and digital credit will determine Bitcoin’s growth trajectory. The biggest risk is bad ideas driving iatrogenic protocol changes.”

Strategy also announced a year-to-date BTC Yield of 12.6%. This metric measures the growth of Bitcoin holdings relative to diluted shares, a critical indicator in the company’s approach to managing its Bitcoin treasury.

However, Saylor’s messaging now carries a more pragmatic tone. Strategy has suggested it might sell a small portion of its Bitcoin if necessary to cover dividend payments. In a recent article on igaming.org, Saylor was quoted as follows:

“Probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”

This statement is alongside another famous rule from Saylor that was repeated in the same igaming.org report: “Never Sell Your Bitcoin!”

For investors, the tension here is obvious but straightforward. Strategy continues to buy BTC, but the company’s management also wants the market to trust that its Bitcoin reserves can back shareholder payouts if required. Based on the company’s current stance, this wouldn’t signify a broader withdrawal from Bitcoin.