David Edwards
Strategy, the digital asset firm co-founded by Michael Saylor, significantly expanded its Bitcoin holdings last week, capitalizing on a bullish surge that pushed Bitcoin prices beyond $90,000.
The acquisition of 15,355 Bitcoin (BTC) between April 21 and April 27 was revealed by Strategy in a regulatory filing with the U.S. Securities and Exchange Commission on April 28. The acquisition, which cost $1.42 billion at an average price of $92,737 per Bitcoin, increases the company’s Bitcoin holdings by 3% to 535,555 BTC, which is now worth more than $50 billion.
With this transaction, Strategy has acquired the most Bitcoin since March, when it paid $1.92 billion for 22,048 BTC at an average price of $86,969 per token.
Saylor disclosed the deal on X (formerly Twitter) and stated that Strategy’s Bitcoin yield for the current year is 13.7%. “As of April 27, we hodl 553,555 BTC acquired for approximately $37.90 billion at an average of $68,459 per Bitcoin,” Saylor noted, reaffirming the company’s commitment to Bitcoin accumulation.
A measure of the growth ratio between Bitcoin holdings and expected diluted shares, Strategy’s Bitcoin yield, has risen to 74% in 2024. By 2025, the company anticipates achieving its goal of a 15% Bitcoin yield.
The most recent purchase comes while Bitcoin is on a strong upward trajectory. According to CoinGecko, it increased by 8% for the week of April 21–27, from about $87,000 to almost $94,000. As of this writing, Bitcoin is trading at about $95,442, which is higher than its value on January 1 but lower than its all-time high of over $109,000 on January 21.
Saylor encouraged investors on social media during this buying frenzy by sharing posts like “You can still buy BTC for less than $0.1 million” on April 25. In a different post, he included a portfolio snapshot showing Strategy’s most recent purchases and urged followers to “stack sats” and stay humble.”
As Strategy approaches a $100 billion market valuation, the news breaks. According to TradingView, shares of its parent company, MSTR, are currently selling at $368.70, up almost 23% so far this year.
Strategy’s aggressive accumulation strategy highlights its steadfast trust in Bitcoin’s long-term potential as a leading digital asset, especially as institutional adoption of the cryptocurrency picks up speed.
