Strategy bags 15,355 Bitcoin for $1.42B as price surged above $90K

Michael Saylor’s Strategy added to its massive Bitcoin stash last week as the cryptocurrency surged above $90,000. In an April 28 announcement , Strategy reported acquiring 15,355 Bitcoin ( BTC ) between April 21 and 27. The latest purchases cost Strategy $1.42 billion at an average price of $92,737 per BTC, increasing the company’s aggregate BTC holdings by roughly 3% to a total of 535,555 BTC worth more than $50 billion. An excerpt from Strategy’s Form 8-K filing with the United States Securities and Exchange Commission. Source: Strategy Strategy’s latest buy is its largest since late March, when the firm bagged 22,048 Bitcoin for $1.92 billion at an average price of $86,969 per BTC. Strategy’s Bitcoin yield is at 13.7% Announcing the purchase on X, Strategy co-founder Saylor said the firm has achieved the BTC yield of 13.7% year-to-date. “As of April 27, we hodl 553,555 BTC acquired for approximately $37.90 billion at $68,459 per Bitcoin,” Saylor noted. Source: Michael Saylor Strategy’s BTC yield — an indicator representing the percentage change of the ratio between its BTC holdings and assumed diluted shares — amounted to 74% in 2024 . The company expects to reach a BTC yield target of 15% in 2025. This is a developing story, and further information will be added as it becomes available. Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26

Source: CoinTelegraph