Strategy Just Bought $10.7 Million More Bitcoin in the Last 3 Weeks
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Contrary to the predictions of the cryptocurrency community, Strategy's Bitcoin shopping schedule is changing to 3 times a week, with the amount of money spent on purchases gradually decreasing.
Strategy has only purchased an additional $10.7 million worth of Bitcoin in the past 3 weeks.
On the evening of March 17, 2025, the public company Strategy (formerly MicroStrategy) announced that it had used $10.7 million in cash to purchase an additional 130 Bit, at an average price of $82,981 per Bit.
The latest Bitcoin purchase by Strategy was made possible by the issuance of 123,000 perpetual preferred STRK shares as part of a plan to raise a total of $21 billion. Strategy still has a large number of STRK shares being issued weekly to raise the desired amount of money.
The company's BTC Yield (Bitcoin investment yield) as of March 17, 2025 is 6.9%.
With the latest BTC purchase announcement, the company of billionaire Michael Saylor has increased its total Bitcoin holdings to 499,226 BTC, equivalent to $41.57 billion, with an average purchase price of $66,360 per BTC.
Contrary to the cryptocurrency community's predictions about Strategy's "shopping schedule" of buying Bitcoin every 2 weeks, it is now being changed to every 3 weeks, as the last purchase was on February 24 for $1.99 billion in BTC. This has been a regular "schedule" since November 11, 2024, with a consecutive 12-week streak of BTC purchases. However, there was no 13th week, as many predictions suggested that Michael Saylor "avoided" this number for spiritual reasons.
Tracing back to November 11, the starting point of the 12-week consecutive Bitcoin purchase chain, the total capital that MicroStrategy has used during this period has reached $20.41 billion to accumulate 218,887 BTC - equivalent to 43.84% of the 499,226 Bitcoin it currently holds in its portfolio.
Bitcoin is currently trading around $83,191, a recovery of about 8% after a "downhill" drop below $78,000 due to investors' concerns about the prospect of a US economic recession.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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