Strategy invested $1.42 billion to increase its holdings by 15,355 Bitcoins when the price of Bitcoin (BTC) broke through $90,000.

Source: Cointelegraph Original: "Strategy invested $1.42 billion to increase holdings of 15,355 Bitcoins when the price of Bitcoin (BTC) broke through $90,000"

Michael Saylor's Strategy company further expanded its massive Bitcoin reserves last week when Bitcoin soared above $90,000.

According to the announcement on April 28, Strategy purchased 15,355 Bitcoins between April 21 and April 27.

The purchase cost $1.42 billion, with an average price of $92,737 per Bitcoin, resulting in an approximate 3% increase in the company's overall Bitcoin holdings, bringing the total holdings to 535,555 coins, with a total value of over $50 billion.

The recent increase in holdings by Strategy is the largest since the end of March, when the company purchased 22,048 bitcoins at an average price of $86,969 each, totaling $1.92 billion.

The Strategy Bitcoin yield reached 13.7%

When announcing the purchase on platform X, Strategy co-founder Saylor stated that the company has achieved a 13.7% return on Bitcoin so far this year.

Saylor pointed out: "As of April 27, we hold a total of 553,555 bitcoins, with a purchase cost of approximately 37.9 billion dollars, and an average purchase price of 68,459 dollars per coin."

The Bitcoin yield of Strategy - this metric represents the percentage change in its Bitcoin holdings relative to the assumed diluted share ratio - reached 74% in 2024.

The company expects to achieve a 15% Bitcoin yield target by 2025.

"You can still buy Bitcoin for less than $100,000"

The strategy for this Bitcoin purchase coincides with a significant surge in Bitcoin prices last week. According to CoinGecko data, from April 21 to April 27, the price of Bitcoin increased by 8%, rising from approximately $87,000 to nearly $94,000.

As of the time of writing, the price of Bitcoin is $95,442, slightly higher than the price on January 1, but still below the historical high of over $109,000 set on January 21.

During the rise in Bitcoin prices, Strategy continued to increase its holdings of Bitcoin, while Saylor continued to post bullish messages on social media.

On April 25, Saylor wrote: "You can still buy Bitcoin for less than $100,000."

In a post on platform X before the announcement of this purchase, Saylor also stated: "Stay humble. Keep stacking sats."

He attached a screenshot of the Strategy investment portfolio tracker in this message, showing the timeline of the company's Bitcoin purchases on the price chart.

At the time this news was released, Strategy was approaching a market capitalization of $100 billion. According to TradingView data, MSTR stock has risen about 23% year-to-date, with a trading price of $368.7 as of the time of writing.

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