Bitcoin News Today: Michael Saylor’s Strategy buys 155 BTC for $18 million to mark five years of Bitcoin holdings

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made a $18 million investment in 155 BTC to commemorate five years of holding Bitcoin as a treasury asset. The purchase, disclosed via a U.S. Securities and Exchange Commission (SEC) filing, was made at an average price of $116,401 per coin during the week ending Sunday. This brought the company’s total Bitcoin holdings to 628,946 BTC, acquired for approximately $46.1 billion at an average cost of $73,288 per coin [1].

The recent purchase aligns with the anniversary of Strategy’s initial foray into Bitcoin on August 11, 2020, when the company acquired 21,454 BTC for $250 million. Over the past five years, Bitcoin’s price has surged nearly 960%, rising from about $11,400 to approximately $120,000 at the time of the latest purchase. During the week of Strategy’s latest acquisition, Bitcoin fluctuated between $114,000 and nearly $122,000 [1].

Strategy, formerly known as MicroStrategy, has consistently added to its Bitcoin holdings, completing 74 purchases since its first acquisition in 2020. Saylor has repeatedly emphasized the importance of continuous Bitcoin investment, stating in a recent post on X: “If you don’t stop buying Bitcoin, you won’t stop making money.” In late 2024, Saylor reiterated his commitment to purchasing Bitcoin regardless of price volatility [1].

Looking ahead, Saylor has also doubled down on his long-term Bitcoin price forecast, predicting that BTC could reach $21 million in the next 21 years. His bullish stance highlights the strategic value Strategy places on Bitcoin as a store of value and long-term investment.

Source: [1] Strategy purchase 155 Bitcoin celebrate five years BTC adoption (https://cointelegraph.com/news/strategy-purchase-155-bitcoin-celebrate-five-years-btc-adoption)