Strategy Bags $26M Bitcoin Following $1B Buy Last Week
Summary
Strategy, the largest public Bitcoin investor, purchased 245 BTC for $26 million as Bitcoin prices fell due to geopolitical concerns. The average purchase price was $105,856 per coin. This acquisition increased Strategy's total holdings to 592,345 BTC, bought for approximately $41.9 billion at an average price of $70,681 per coin. The company's year-to-date Bitcoin yield is 19.2%, slightly above the previous yield following a $1 billion purchase. Strategy aims for a 25% YTD yield by the end of 2025, up from a previous target of 15%. Michael Saylor predicts Bitcoin could reach $21 million in 21 years.
