Strategy continues the Bitcoin battery course-this time with purchases for $ 555 million
- Strategy increases its bitcoin assets to 538,200 BTC and keeps the leadership as the largest Bitcoin investor.
- The company sees an annual BTC return of 12.1 % and wants to apply another $ 20 billion for its continued crypto acquisitions.
Strategy-formerly Microstrategy-has strengthened his position as the largest Bitcoin holder with another significant purchase. The company has confirmed the acquisition of thousands of bitcoins last week and thus continues its aggressive accumulation strategy.
Despite a dragging market, Strategy remains determined to expand its crypto reserves through consistent purchases. This most recent step indicates unbroken institutional interest in Bitcoin, even if prices continue to move in a certain range.
New Bitcoin purchases amount to $ 555.8 million
In a press release, Strategy confirmed that it bought 6,556 BTC for $ 555.80 million between 14 and 20 April 20. The average price per coin in this last transaction was $ 84,785, according to the company’s official press release. With this acquisition, the company’s total stock of Bitcoin is now 538,200 BTC. Strategy spent $ 36.47 billion to purchase this reserve at an average price of $ 67,766 per Bitcoin.
This is the second week in a row in which the company accumulates Bitcoin to a large extent. Just two weeks earlier, Strategy bought 3,459 BTC for $ 285 million. The company is currently reporting a return of 12.1 % for its Bitcoin investments since the beginning of the year. These purchases come at a time when Bitcoin moves sideways on the market, without a greater price outbreak since the last rally.
How CNF reported, Michael Saylor, the chairman and co-founder of the company, confirms that Bitcoin remains the cornerstone of the company’s treasury strategy. In order to support future acquisitions, plans to obtain capital through stock offers.
For 2024 alone, the company has already expressed the intention of procuring more than $ 20 billion for additional Bitcoin purchases. This capital procurement initiative underlines the company’s long -term view of Bitcoin as a strategic asset.
Institutions continue to buy Bitcoin with a stagnant course
Strategy is not the only one who doubles his investments in Bitcoin in the middle of the market stagnation. Other institutional investors have also increased and expanded their BTC portfolios considerably. Metaplanet, an emerging institutional player, recently acquired $ 330 BTC for $ 28.2 million. This increases its total stock to 4,855 BTC, which corresponds to almost $ 500 million based on the latest market prices.
The Japanese retail giant Anap has also entered the Bitcoin market and has acquired Bitcoin worth $ 70 million. These acquisitions reflect the growing trust of companies in the role of Bitcoin as a long -term value -added substitute, even if the wide market has only limited volatility.
In the meantime, the Strategy (MSTR) share has reacted positively to the message and has increased again after the purchase of the purchase. With 538,200 BTC, which is now under the control of Strategy, the company is still far ahead of other company owners, including Mara Holdings, and thus strengthens its dominance in the institutional Bitcoin possession.
No Comments