Strategy (ex MicroStrategy) just bought 13,390 BTC, spending $1.34B between May 5 and 11
The firm now holds 568,840 BTC (~$59B), the largest corporate Bitcoin stash on earth.
Since 2020, Saylor’s team has poured $39.41B into BTC, averaging $69,287 per coin.
Strategy’s pitch is simple Securitized Bitcoin exposure via MSTR shares, regulated on Nasdaq.
BTC trades near $104K, just 4% off its all time high ($108.7K).
Saylor’s message is the same "Bitcoin is the superior treasury asset".
SailorSaylor does not stop in his purchase of digital gold: Strategy acquired another 13,390 BTC worth about $1.34 billion at an average of $99,856 per bitcoin.The company's balance sheet currently has 568,840 BTC.
And during the campaign,
Sailor MobSaylor is going to buy as many bitcoins as he can.
We have also already calculated the average purchase price of $69,287.
And This already accounts for more than 2.7% of the total supply of BTC, which sounds very reasonable.
According to statistics, 303,230 BTC have been purchased over the past six months.
The funds for the purchases were received from the sale of shares of MSTR and STRK.
STRK and STRF perpetual preferred shares complement the "42/42" plan, which provides for raising $84 billion to buy bitcoins until 2027.
Benchmark confirmed the "buy" rating for MSTR shares with a target of $650, while Bernstein analysts maintained the "better than market" rating with a target of $600.