- Strategy acquired 7,390 BTC for $764.9M, bringing its total holdings to 576,320 BTC at an average cost of $69,726 per Bitcoin.
- The firm now holds an unrealized profit of $21.1 billion, reinforcing its long-term commitment to Bitcoin as a treasury asset.
- Strategy’s 42/42 Plan aims to raise $84 billion, doubling its original Bitcoin acquisition strategy
Strategy Chairman Michael Saylor recently announced yet another major BTC acquisition. On Monday, May 19, Saylor went on Twitter to disclose a 7,390 BTC purchase at a cost in U.S. Dollars of $764.9 million.
The company paid around $103,498 per Bitcoin—showcasing how Strategy is not backing down from accumulating the digital asset despite it trading near its all-time high. So far, the firm boasts a 16.3% yield year-to-date from its $BTC holdings.
Strategy now owns 576,320 BTC acquired for approximately $40.18 billion, at an average cost per bitcoin of $69,726. Perhaps even more significant is the fact that Strategy now holds an unrealized profit of $21.1 billion off of its BTC savings—and Michael Saylor’s company has shown no intent of cashing out.
Strategy Nears $2 Billion in Bitcoin in May
This latest purchase was the third major Bitcoin acquisition that Strategy has performed this month. On May 5, the company acquired $180 million in $BTC, only to a week later buy a whopping $1.34 billion in the digital asset.
With 576,320 BTC under its name, Strategy is moving closer to owning 3% of the total amount of BTC that will ever exist. Its aggressive accumulation signals unwavering confidence in Bitcoin’s long-term value.
Strategy’s commitment to Bitcoin has only grown with the expansion of its 21/21 Plan into the 42/42 Plan, doubling its original acquisition strategy. Now aiming to raise $84 billion—$42 billion from equity and $42 billion from debt—the company is reinforcing its belief in Bitcoin as a treasury asset.
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