Strategy Buys 15,355 Bitcoin for $1.42 Billion, Boosts Holdings by 14%

Strategy, a prominent corporate entity, has recently acquired 15,355 Bitcoin tokens at a cost of $1.42 billion, marking its second significant purchase in consecutive weeks. The acquisition was announced by Michael Saylor, the executive chairman of the company, via social media on Monday. This move further cements Strategy's position as the largest corporate holder of Bitcoin, with its current holdings now totaling 553,555 Bitcoin, valued at approximately $52 billion.

Strategy purchased the latest batch of Bitcoin at an average price of $92,737 per coin, which is notably higher than their overall average cost of $68,459 per Bitcoin. This acquisition follows a pattern where Strategy conducts its largest purchases towards the end of each month. The firm has made three Bitcoin purchases in the last five weeks, with this aggressive buying strategy yielding a 14% return year to date.

Strategy's Bitcoin holdings significantly outpace those of other publicly traded companies that invest in the cryptocurrency. The firm currently owns 505,955 more Bitcoin than Marathon Digital, the second-largest holder, and 522,055 more than Twenty One Capital, the third-largest. Strategy has invested nearly $38 billion in total on its crypto purchases, with the current value of their holdings standing at over $50 billion, resulting in an unrealized profit of $14 billion.

An expert in the cryptocurrency field, known as J.A. Maartunn of CryptoQuant, has observed Strategy's pattern of making substantial purchases at the end of each month. The firm acquired 20,365 Bitcoin in late February and 22,048 Bitcoin in late March, with the latest April purchase following this trend. Between these large end-of-month purchases, Strategy's acquisitions were never more than 7,000 Bitcoin, confirming the analyst's observation of the company's purchasing behavior. This trend suggests that Strategy may continue to make significant purchases in the coming months.