- Strategy purchased 6,556 Bitcoins as the BTC price floats above the $87K mark.
- Total Bitcoin holdings of Michael Saylor’s Strategy are 538,200 BTC.
Strategy is circling around mainstream media with its latest Bitcoin purchase. Its most recent press release revealed that the firm purchased 6,556 Bitcoins for $555.8 million. Popular on-chain analytics platform Lookonchain confirmed the purchase earlier today.
Strategy acquired funds for this purchase from its two ATM (at-the-market) stock offering programs. It sold the following shares from April 14 to April 20 and gathered funds to buy Bitcoins. 1.76 million shares of Class A common stock sale brought $547.7 million, whereas 91,000 shares of preferred stock series sale brought additional $7.8 million.
Michael Syalor’s Strategy, formerly known as MicroStrategy, is a renowned organization in the crypto industry. It made headlines numerous times for its large Bitcoin purchases. As per Bitcoin Treasuries, MicroStrategy is top firm with 538,200 Bitcoin holdings, worth $46.83 billion. It purchase these many Bitcoins at an average price of $67,766 and currently holds an unrealized profit of $10.36 billion.
Strategy Purchases BTC as Bitcoin Price Floats Above $87K
Bitcoin is trading at $88,260 with a 4.54% increase in the last 24 hours. Its 24-hour trading volume surged by 127%, reflecting the increase in trading activity of the crypto. The largest cryptocurrency is trading above the $87K price level ever since Trump’s Liberation day tariff announcement at the beginning of this month.
Strategy’s BTC purchase came at a time where Bitcoin price started to increase. The cryptocurrency is also a top trending one on CoinMarketCap crypto price live tracking platform. Ethereum and other altcoins have also started to follow BTC and recorded price gains.
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