Strategy Acquires 1,895 BTC in Latest Purchase, Expands Bitcoin Holdings to Over 555,000
Strategy, formerly known as MicroStrategy, has confirmed another addition to its growing Bitcoin reserves, acquiring 1,895 BTC for $180.3 million. This latest acquisition pushes the company's total holdings to 555,450 BTC. Chairman Michael Saylor highlighted the purchase through a post on X.https://twitter.com/saylor/status/1919362210804990383Latest Acquisition Follows $1.4 Billion Bitcoin BuyNotably, this $180 million acquisition is modest compared to last weeks $1.4 billion purchase. Still, it fits into the companys consistent pattern of strategic buying. Since its inception of Bitcoin purchases, Strategy has significantly ramped up its buying activity, especially following the U.S. 2024 elections. At an average purchase price of $68,550 per BTC, the company has now invested approximately $38.08 billion in Bitcoin. With the market price of Bitcoin currently exceeding $94,000, Strategy holds an unrealized profit estimated at more than $14 billion.The timing of the latest purchase aligns with the companys ongoing capital deployment plan. Just days prior, Strategy unveiled a $42 billion funding program. This initiative includes a $21 billion common stock issuance and an additional $21 billion through fixed-income instruments. The funds aim to expand Bitcoin holdings and increase yield targets throughout 2025.Saylor Signals Continued Accumulation StrategyWhile no longer CEO, Michael Saylor continues to play a visible role in Strategys direction. On Sunday, he hinted at the upcoming buy by pointing to a chart on SaylorTracker, noting the lack of "orange dots" used to represent BTC purchases. His messaging comes amid comments reiterating his belief in persistent and large-scale acquisitions. He recently stated plans to continue purchasing even if Bitcoin reaches a price of $1 million per coin. https://twitter.com/coinbureau/status/1919314657757495319According to Saylor, acquisitions could scale to $1 billion per day depending on market conditions and availability.Future Approach as Liquidity Concerns EmergeThis posture toward aggressive acquisition has prompted industry discussions about the future of Bitcoin supply. Richard Byworth, a partner at Syz Capital and adviser to Jan3, speculated on whether Saylors current acquisition method would remain viable if supply tightens significantly. He proposed that the company could consider acquiring firms and using their treasury assets for future Bitcoin purchases. This approach, he noted, might offer a more efficient path in a scenario where OTC liquidity dries up.
Text source: The Crypto Basic
