On the fifth anniversary of the Bitcoin strategy, Strategy increased its holdings by 18 million USD in BTC.

CN
4 hours ago

Michael Saylor's Strategy is the world's largest public holder of Bitcoin, having first purchased BTC in August 2020, marking five years of adopting Bitcoin as a treasury asset.

According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Strategy acquired 155 Bitcoins (BTC) for $18 million in the week ending Sunday.

According to CoinGecko data, the average price of the newly purchased Bitcoins by Strategy was $116,401 each, with BTC starting the week at $114,000 and nearing a historical high of $122,000 by Sunday.

This acquisition increased Strategy's Bitcoin holdings to 628,946 BTC, purchased for approximately $46.1 billion, with an average price of $73,288 each.

Strategy's latest Bitcoin acquisition coincides with the fifth anniversary of its BTC treasury strategy, which was launched on August 11, 2020, with an initial purchase of 21,454 BTC for $250 million.

Since Strategy's first purchase of BTC, the price of Bitcoin has surged from around $11,400 to approximately $120,000 at the time of writing, representing a 960% increase and providing substantial returns on investment.

Despite the rising prices, Strategy (formerly MicroStrategy) has never stopped buying BTC, now holding over 600,000 BTC through 74 purchases.

"If you don't stop buying Bitcoin, you won't stop making money," Strategy co-founder Saylor posted on the X platform on Sunday.

By the end of 2024, Saylor has committed to continue purchasing regardless of how high Bitcoin rises. In June of this year, the Strategy co-founder reiterated his price prediction for Bitcoin, expecting BTC to reach $21 million within the next 21 years.

As Strategy celebrates five years of adopting Bitcoin as a treasury asset, its latest purchase has disappointed many observers.

"Only 155 BTC? Looks like you need to raise more fiat," commented Nic Puckrin, founder of Coin Bureau, under Saylor's post on X.

While the amount is not large—especially compared to the 21,021 BTC purchased in July—the acquisition of 155 BTC is not the smallest in Strategy's history, but it is very close.

According to Strategy's data, the smallest Bitcoin purchase by quantity was in March, when it bought 130 BTC for $10.7 million in cash. In terms of dollar value, the smallest was the acquisition of 155 BTC for $5 million in November 2023.

Related: Will Bitcoin's price fill the CME $117,000 gap? This week's top five BTC highlights.

Original article: “Strategy Increases BTC Holdings by $18 Million on the Fifth Anniversary of Its Bitcoin Strategy”

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