Another $1.3 Billion in Bitcoin: Michael Saylor’s Strategy Keeps Buying
The post Another $1.3 Billion in Bitcoin: Michael Saylor’s Strategy Keeps Buying appeared on BitcoinEthereumNews.com.
In brief Strategy—formerly MicroStrategy—has bought more Bitcoin. The Bitcoin treasury company spent $1.34 billion to add to its stack. Strategy (NASDAQ: MSTR) now holds 568,840 BTC. It’s Monday in crypto, so you know what that means: Bitcoin treasury firm Strategy has announced another big buy. Michael Saylor’s Strategy—formerly MicroStrategy—added 13,390 BTC to its balance sheet from May 5 to May 11, spending over $1.34 billion on the digital asset, according to a filing Monday with the Securities and Exchange Commission. The purchase brings its total holdings to 568,840 BTC—or $59 billion worth of the asset. Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin and has achieved BTC Yield of 15.5% YTD 2025. As of 5/11/2025, we hodl 568,840 $BTC acquired for ~$39.41 billion at ~$69,287 per bitcoin. $MSTR $STRK $STRF https://t.co/oSXRMwiTkU — Michael Saylor (@saylor) May 12, 2025 Nasdaq-traded MSTR said that it has now spent a total of $39.41 billion on buying Bitcoin, with each coin priced on average at $69,287. Strategy—which used to focus on selling data-analyzing software—is the largest corporate holder of Bitcoin. It first started buying the asset in 2020, gradually adding to its holdings and last year fast-accelerating its buys. The company’s co-founder and chairman Michael Saylor came up with the idea of buying BTC during the COVID-19 pandemic as a way to get shareholders the best value for their money. As the U.S. Federal Reserve unleashed trillions to stimulate a halted economy, Saylor argued that Bitcoin was a superior asset and inflation hedge, and that other companies should buy it to preserve capital. Tysons, Virginia-based Strategy now works to securitize Bitcoin: the idea is investors can buy shares in a company that trade on the stock exchange to get regulated exposure to the cryptocurrency. Smaller companies on the Nasdaq and elsewhere…
Filed under: News - @ May 13, 2025 7:29 pm