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Strategy’s Bitcoin Stash Grows With Another 15,355 BTC Bought for $1.4 Billion


by Jordan Lyanchev
for CryptoPotato
Strategy’s Bitcoin Stash Grows With Another 15,355 BTC Bought for $1.4 Billion

Whether BTC is in a short-term painful state as it happened a few weeks ago or it’s rebounding swiftly, Michael Saylor’s Strategy continues to accumulate in substantial portions.

In the latest purchase announcement shared earlier on April 28, Saylor said the company he co-founded had acquired 15,355 BTC for $1.42 billion.

The average price of $92,737 per bitcoin means that the purchase was most likely executed somewhere at the end of the previous business week when the cryptocurrency last traded at those levels.

Following this acquisition, Strategy’s stash has exploded to 553,555 BTC, bought for $37.9 billion (or an average price of $68,459 per bitcoin). With BTC now trading above $95,000, the holdings’ value has skyrocketed to $52.7 billion, which means an unrealized profit of approximately $15 billion.

Strategy continues with its long-term bitcoin accumulation spree. Its stock price has recovered in the past few weeks after the tariff-induced panic sell-off sent it to under $240. However, MSTR closed on Friday at almost $370, marking a 27.4% monthly surge.

The post Strategy’s Bitcoin Stash Grows With Another 15,355 BTC Bought for $1.4 Billion appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

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Strategy’s Bitcoin Stash Grows With Another 15,355 BTC Bought for $1.4 Billion


by Jordan Lyanchev
for CryptoPotato
Strategy’s Bitcoin Stash Grows With Another 15,355 BTC Bought for $1.4 Billion

Whether BTC is in a short-term painful state as it happened a few weeks ago or it’s rebounding swiftly, Michael Saylor’s Strategy continues to accumulate in substantial portions.

In the latest purchase announcement shared earlier on April 28, Saylor said the company he co-founded had acquired 15,355 BTC for $1.42 billion.

The average price of $92,737 per bitcoin means that the purchase was most likely executed somewhere at the end of the previous business week when the cryptocurrency last traded at those levels.

Following this acquisition, Strategy’s stash has exploded to 553,555 BTC, bought for $37.9 billion (or an average price of $68,459 per bitcoin). With BTC now trading above $95,000, the holdings’ value has skyrocketed to $52.7 billion, which means an unrealized profit of approximately $15 billion.

Strategy continues with its long-term bitcoin accumulation spree. Its stock price has recovered in the past few weeks after the tariff-induced panic sell-off sent it to under $240. However, MSTR closed on Friday at almost $370, marking a 27.4% monthly surge.

The post Strategy’s Bitcoin Stash Grows With Another 15,355 BTC Bought for $1.4 Billion appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

Bitcoin ETFs See $3.06B Weekly Inflows, Second-Highest on Record

Bitcoin ETFs See $3.06B Weekly Inflows, Second-Highest on Record

Two days accounted for 60% of the week's massive inflows, with April 22-23 seeing nea...
Bitwise CEO Reveals What Is Driving Bitcoin’s Surge to $95K

Bitwise CEO Reveals What Is Driving Bitcoin’s Surge to $95K

Bitwise's Horsley pointed out that Bitcoin's price surge has been largely institution...