Michael Saylor’s strategy elevates its Bitcoin holdings to 528,185 BTC, obtained for $1.92 billion at an average price of $86,969 per coin.
The leading public Bitcoin (BTC) purchaser, formerly known as MicroStrategy, has added another 22,048 BTC, increasing its total to 528,185 BTC. In a post on X dated March 31, Michael Saylor, the founder of the company, announced that the latest acquisition took place over a span of six days, from March 24 to March 30.
As reported in a filing with the U.S. Securities and Exchange Commission, the recent purchase was made at an average price of nearly $86,969 per BTC. Despite this acquisition, Bitcoin’s value is currently down by 1.32%, trading at $82,060.
With this new purchase, the company has achieved a BTC yield of 11% year-to-date, holding a total of 528,185 BTC acquired for approximately $35.63 billion, resulting in an average cost of about $67,458 per BTC as of March 31.
This latest addition follows the company’s intentions to secure more funds for Bitcoin acquisitions, undeterred by market fluctuations and wider economic uncertainties.
As mentioned earlier, the firm plans to raise $21 billion through its class A strike preferred stock to enhance its investment portfolio. According to a filing with the SEC, these funds will be allocated for general corporate purposes, potentially including additional Bitcoin buys.