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MainNewsStrategy dou...

Strategy doubles down on Bitcoin, adds 15,355 more BTC


by Hristina Vasileva
for CryptoPolitan
Strategy doubles down on Bitcoin, adds 15,355 more BTC

Strategy extended April’s buying streak with another acquisition of 15,355 BTC, valued at $1.42B. The recent purchase coincided with BTC stabilizing above $94,000. 

Strategy (MSTR) bought another 15,255 BTC valued at $1.42B, per its latest US SEC filing. In April, the company continued the trend of weekly acquisitions, with a usual announcement on Monday. For the past month, Strategy added a total of 25,370 BTC to its treasury.

Michael Saylor’s fund acquired the new batch of BTC at an average purchase price of $92,737 per BTC, higher than previous purchases. The acquisition follows another sale of MSTR common stock and STRK shares for $1.44B. Strategy now holds around 2.6% of the entire BTC supply, almost matching BlackRock’s ETF with 2.8% of the supply.

With April’s buying, Strategy also used up most of its authorized common stock, with only around $128M left in the facility. Most of the future purchases may have to rely on STRK or STRF. 

Strategy extends buying streak with 15,355 BTC
Strategy still has more STRK to place, offering an 8% yield. | Source: Strategy SEC filings

The sale of STRK remains much harder, with just $37.5M raised during the latest round. In the coming months, the 8% preferred stock may be key to the ongoing acquisitions.

STRK offers yield but has a weaker correlation to MSTR and BTC. The coming months will reveal how appealing the asset is for those who aim for both passive income and exposure to BTC.

After the latest announcement, BTC jumped again, recovering to $95,258.42. In the past week, Strategy also ‘bought the dip’ as BTC fluctuated to a lower range. 

Before the official acquisition, Saylor tweeted again in anticipation, adding to the market rally. 

MSTR shares took their hint from the series of acquisitions, trading at a one-month peak at $368.71. MSTR remains the fastest-growing tech stock, reflecting the performance of BTC and the value of the company’s portfolio. 

The price of MSTR is also closely watched, and a breakout is expected if BTC rallies to higher ranges. Traders are also placing irrational long bets, showing the market has returned to risk-taking exuberance based on Strategy’s risky approach.

Strategy’s average purchase price is now slightly higher at $68,459, with the entire portfolio gaining an average appreciation of over 39%. 

The series of weekly purchases in April followed a period of delays and two-week periods with no buying. Strategy’s involvement in the market is still largely considered as one of the bullish factors for BTC. 

Strategy leads corporate treasury growth

After the latest inflow, large-scale entities now hold 3.22M BTC. Strategy, Metaplanet, and Semler Scientific were the only active buyers in the past week, while Mara Holdings has been inactive for the past four weeks. 

The other significant change to corporate buying is the US XXI, a native entity aiming to acquire BTC over time. The fund started with 31,500 BTC in its balance, becoming the third-largest holder among corporate entities. In the coming months, the fund is expected to rival Strategy with aggressive BTC buying.

Strategy easily buys up the entire monthly production of new BTC, and remains the most significant entity to take coins off the market. 

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

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MainNewsStrategy dou...

Strategy doubles down on Bitcoin, adds 15,355 more BTC


by Hristina Vasileva
for CryptoPolitan
Strategy doubles down on Bitcoin, adds 15,355 more BTC

Strategy extended April’s buying streak with another acquisition of 15,355 BTC, valued at $1.42B. The recent purchase coincided with BTC stabilizing above $94,000. 

Strategy (MSTR) bought another 15,255 BTC valued at $1.42B, per its latest US SEC filing. In April, the company continued the trend of weekly acquisitions, with a usual announcement on Monday. For the past month, Strategy added a total of 25,370 BTC to its treasury.

Michael Saylor’s fund acquired the new batch of BTC at an average purchase price of $92,737 per BTC, higher than previous purchases. The acquisition follows another sale of MSTR common stock and STRK shares for $1.44B. Strategy now holds around 2.6% of the entire BTC supply, almost matching BlackRock’s ETF with 2.8% of the supply.

With April’s buying, Strategy also used up most of its authorized common stock, with only around $128M left in the facility. Most of the future purchases may have to rely on STRK or STRF. 

Strategy extends buying streak with 15,355 BTC
Strategy still has more STRK to place, offering an 8% yield. | Source: Strategy SEC filings

The sale of STRK remains much harder, with just $37.5M raised during the latest round. In the coming months, the 8% preferred stock may be key to the ongoing acquisitions.

STRK offers yield but has a weaker correlation to MSTR and BTC. The coming months will reveal how appealing the asset is for those who aim for both passive income and exposure to BTC.

After the latest announcement, BTC jumped again, recovering to $95,258.42. In the past week, Strategy also ‘bought the dip’ as BTC fluctuated to a lower range. 

Before the official acquisition, Saylor tweeted again in anticipation, adding to the market rally. 

MSTR shares took their hint from the series of acquisitions, trading at a one-month peak at $368.71. MSTR remains the fastest-growing tech stock, reflecting the performance of BTC and the value of the company’s portfolio. 

The price of MSTR is also closely watched, and a breakout is expected if BTC rallies to higher ranges. Traders are also placing irrational long bets, showing the market has returned to risk-taking exuberance based on Strategy’s risky approach.

Strategy’s average purchase price is now slightly higher at $68,459, with the entire portfolio gaining an average appreciation of over 39%. 

The series of weekly purchases in April followed a period of delays and two-week periods with no buying. Strategy’s involvement in the market is still largely considered as one of the bullish factors for BTC. 

Strategy leads corporate treasury growth

After the latest inflow, large-scale entities now hold 3.22M BTC. Strategy, Metaplanet, and Semler Scientific were the only active buyers in the past week, while Mara Holdings has been inactive for the past four weeks. 

The other significant change to corporate buying is the US XXI, a native entity aiming to acquire BTC over time. The fund started with 31,500 BTC in its balance, becoming the third-largest holder among corporate entities. In the coming months, the fund is expected to rival Strategy with aggressive BTC buying.

Strategy easily buys up the entire monthly production of new BTC, and remains the most significant entity to take coins off the market. 

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Read the article at CryptoPolitan

Read More

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