Michael Saylor’s firm Strategy just completed its third-largest Bitcoin acquisition ever, buying up 34,164 BTC for approximately $2.54 billion.
The company now owns 815,061 BTC acquired for $61.56 billion, at an average price of $75,527 per Bitcoin.
The recent acquisition, priced at an average of $74,395 per Bitcoin, was Strategy’s largest since a 55,000 BTC buy reported on November 25, 2024, the firm’s biggest crypto purchase ever. The company’s second-largest acquisition was a 51,780 BTC buy also reported in November 2024.
About 86% of the proceeds came from proceeds of STRC sales, with the remainder from MSTR common stock sales resulting in common stock dilution. STRC is Strategy’s Variable Rate Series A Perpetual Preferred Stock, which currently pays a variable monthly dividend of 11.5%.
Saylor says Strategy has achieved a BTC Yield of 9.5% year-to-date. The firm, which trades on the Nasdaq under the ticker MSTR, is the world’s largest corporate holder of Bitcoin and was the first public company to adopt BTC as its sole treasury reserve asset.
Bitcoin is trading at $75,655 at time of writing. The top-ranked crypto asset by market cap is up 0.54% in the past 24 hours and nearly 5% in the past seven days.
In a tweet earlier this month, Saylor predicted that Bitcoin would not have to endure future boom-and-bust cycles.
“Bitcoin has won. Global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows. Bank and digital credit will determine Bitcoin’s growth trajectory. The biggest risk is bad ideas driving iatrogenic protocol changes.”
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