Michael Saylor’s Strategy Purchases 1,045 BTC For $110M; MSTR Stock Jumps
Highlights
- Strategy made another Bitcoin purchase between June 2 and 8, acquiring 1,045 BTC at an average price of $105,426 per BTC.
- The company's co-founder Michael Saylor hinted about this purchase yesterday when he flashed the company's Bitcoin portfolio tracker.
- The company now holds 582,000 BTC.
- The MSTR stock price is up over 2% in pre-market trading.
Strategy, previously known as MicroStrategy, has made it nine out of nine with its latest weekly purchase. The company now holds 582,000 BTC, which it acquired for $40.79 billion, and remains the public company with the largest BTC holdings. Meanwhile, the MSTR stock price has recorded some gains in pre-market trading.
Strategy Acquires 1,045 BTC for $110 Million
In a press release, the company announced that it acquired 1,045 BTC for $110.2 million at an average price of $105,426 per Bitcoin. The company has also achieved a BTC yield of 17.1% year-to-date (YTD). It now holds 582,000 BTC, which it acquired for $40.79 billion at an average price of $70,086 per BTC.
This comes after Michael Saylor signalled another BTC purchase in his usual fashion of flashing the Strategy Bitcoin portfolio tracker before an announcement on Monday. Strategy is likely to keep acquiring more BTC in the short term.
As CoinGape reported, the firm upsized its STRD offering from $250 million to $1 billion and plans to use the net proceeds for more Bitcoin purchases. Saylor’s company intends to issue and sell the STRD stock on June 10, 2025, subject to customary closing conditions.
This means another purchase could come as early as this week, which would make it ten consecutive weeks of buying BTC. Its smallest purchase during this period came last week, when Strategy acquired 705 BTC for $75.1 million.
The company’s longest documented streak of weekly purchases is 12 weeks, when it bought BTC every week between November 2024 and early February 2025. This was just before it rebranded from MicroStrategy to Strategy.
Meanwhile, the MicroStrategy stock price is up over 2% in pre-market trading, trading around $380. TradingView data shows that the stock closed in the green last week, trading at around $368, after crashing to as low as $360 the previous week.
MarketWatch data shows that MSTR stock is up over 29% year-to-date and up 134% in the last year. The stock is also up over 30% in the last 3 months. Michael Saylor recently teased Bitcoin and big tech rivals with his stock’s one-year surge.
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