Strategy Inc. Expands Bitcoin Holdings with 220 BTC Purchase Amid Market Surge
Michael Saylor's Strategy Inc. recently acquired 220 Bitcoin for $27.2 million as Bitcoin prices reach new heights.
Michael Saylor’s Strategy Inc., a significant public Bitcoin holder, has announced a new purchase of 220 BTC for $27.2 million. This acquisition marks the company’s first Bitcoin buying move this October, following a previous week of inactivity.
The purchase was executed at an average of $123,561 per coin, occurring shortly before Bitcoin attained a new high of over $126,200 on October 6, before declining to around $107,000 after a sudden market crash on the following Friday, according to Coinbase data.
Following this latest acquisition, Strategy now possesses 640,250 Bitcoin, invested at an approximate total cost of $47.38 billion with an average purchase price of $74,000 for each coin.
“No tariffs on Bitcoin”
Amid the fluctuations witnessed in the market, mainly due to new tariff threats from US President Donald Trump, Saylor voiced his sentiments on social media stating, “No tariffs on Bitcoin,” during the last week’s crash where the cryptocurrency experienced a drop close to $20,000.
Saylor also indicated that Strategy’s Bitcoin Yield — which measures the change in the company’s Bitcoin holdings relative to its shares outstanding — reached 25.9% for the year with this recent purchase.
This purchase followed a smaller acquisition of 196 Bitcoin disclosed in September. In contrast, Saylor had opted not to increase Bitcoin holdings during the first week of October.
MSTR Shares Decline
The latest acquisition occurred concurrently with a slide in Strategy’s Common A shares (MSTR), which fell from around $360 to $309 within the week, as per TradingView statistics. As of Monday, this represented a decline of about 33% from a July high of approximately $456, although shares remain 63% above their values from a year earlier, reflecting Bitcoin’s performance which has surged by 84% in that timeframe.
Saylor reiterated his commitment to Bitcoin investment, expressing that the company has been “securitizing BTC” for credit and equity investors, utilizing its ATM equity offerings.
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Some analysts have noted that MSTR has notably lagged behind Bitcoin exchange-traded funds. One observer commented on social media that they plan to divest from MSTR to pursue a Bitcoin ETN once available in the UK.
