Michael Saylor’s Strategy continues to actively increase its Bitcoin holdings amid rising prices.
New Bitcoin Purchase
According to a filing with the US Securities and Exchange Commission, Strategy acquired an additional 4,225 BTC for $472.5 million. The purchase was made at an average price of $111,827 per coin, as Bitcoin surged from around $108,000 to an all-time high of $118,000.
Overall Holdings and Strategic Actions
Following this latest purchase, Strategy's total Bitcoin holdings have reached 601,550 BTC, valued at approximately $42.87 billion. The average cost basis is now $71,268 per coin. Year-to-date, the company has added 88,062 BTC worth about $10.9 billion, approaching last year’s total acquisitions of 140,538 BTC.
Michael Saylor’s Views on Bitcoin
Michael Saylor, co-founder of Strategy, has reaffirmed his long-term bullish stance on Bitcoin. He continues to argue that Bitcoin is a technically superior asset compared to traditional currencies. In May, he also criticized the growing trend of on-chain proof-of-reserves among institutions.
Michael Saylor’s accumulation strategy of Bitcoin continues to impress, highlighting his confidence in the future of this cryptocurrency.
