Michael Saylor’s Strategy continues to expand its Bitcoin 
$76,293 reserves, capitalizing on recent price dips to acquire 4,048 BTC. This purchase further solidifies its status as the largest public Bitcoin holder.
444 Million Dollar Bitcoin Purchase
According to Strategy’s announcement, the company acquired 4,048 BTC for a total of 449.3 million dollars. The average purchase price was disclosed as $110,981. Consequently, Strategy’s Bitcoin holdings increased to a total of 636,505 BTC. The company has invested 46.95 billion dollars into Bitcoin to date, with an average purchase price of $73,765. The year-to-date return stands at 25.7%.
The company’s acquisition of 4,048 BTC marks its fifth consecutive weekly investment in Bitcoin. In the previous week, Strategy purchased 3,081 BTC, thereby owning over 3% of the total Bitcoin supply. Saylor had shared a graph on X, highlighting Bitcoin’s discounted pricing and hinting at continued purchases.
Strategy’s approach to Bitcoin is to maintain long-term accumulation regardless of short-term market fluctuations. As interest from institutional investors grows, the company positions itself as one of the major players in the market.
Bitcoin’s price has fallen over 12% after peaking at $124,500 approximately two weeks ago. In line with this drop, Strategy’s Nasdaq-listed MSTR shares have declined by over 15% in the past month. The shares closed the previous week at $334 and began the new week at $338 in pre-market trading.
Saylor and Strategy’s Legal Matter Resolved
Despite the decline in share performance, there was positive news on the legal front. A class-action lawsuit against Michael Saylor and Strategy, related to accounting errors, was withdrawn by plaintiffs. Dismissed “with prejudice,” this resolution prevents plaintiffs from bringing the same claims again. The closure of the case removes uncertainty and could bolster investor confidence.
