Michael Saylor’s Strategy, the largest public holder of Bitcoin globally, increased its BTC holdings last week as the cryptocurrency reached new all-time highs.
Strategy acquired 220 Bitcoin (BTC) for $27.2 million in its latest BTC purchase, Saylor announced in a post on X on Monday, as the related filing was not yet available on the US Securities and Exchange Commission website.
The purchase was made at an average price of $123,561 per coin as Bitcoin hit an all-time high over $126,200 last Monday before falling to $107,000 during Friday’s flash crash, according to Coinbase data.
After the acquisition, Strategy’s total Bitcoin holdings rose to 640,250 BTC, purchased for approximately $47.38 billion at an average price of $74,000 per coin.
“No tariffs on Bitcoin”
Strategy’s Saylor took to X during the Friday market crash, largely attributed to new tariff threats from US President Donald Trump regarding China.
“No tariffs on Bitcoin,” Saylor stated on Friday, as the cryptocurrency fell nearly $20,000 within a single day.
Saylor noted that Strategy’s BTC Yield — the percentage change in the ratio of the company’s BTC holdings to assumed diluted shares outstanding — reached 25.9% year-to-date with the recent purchase.
This acquisition follows a previous buy of 196 BTC announced in late September, as Strategy chose not to acquire more Bitcoin in the first week of October.
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