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Saylor’s Strategy Buys 130 Bitcoin—Its Smallest Purchase Ever
Key Takeaways
- Michael Saylor’s Strategy made its smallest Bitcoin purchase yet, acquiring 130 Bitcoin for $10.7 million;
- Strategy’s total Bitcoin holdings now stand at 499,226 Bitcoin, just 774 Bitcoin away from the 500,000 milestone;
- The company's Bitcoin yield is 6.9%, falling short of its 15% target for 2025, as Bitcoin recently dipped below $80K.
Michael Saylor’s Strategy, known for its large Bitcoin
The purchase comes at a time when Bitcoin’s price recently dropped below $80,000, its lowest in months.
In a March 17 post on X, Saylor announced the purchase, stating that the company acquired 130 BTC for about $10.7 million, paying an average price of $82,981 per coin.
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The acquisition was funded through the company’s "STRK ATM" program, which aims to raise up to $21 billion for further Bitcoin investments. Despite the ongoing accumulation, this purchase stands out for its small size. The previous smallest recorded buy was 169 BTC in August 2024.
Since first entering the Bitcoin market with a 21,454 BTC purchase in 2020, Strategy has steadily increased its holdings. With this latest buy, its total Bitcoin balance, including subsidiaries, now stands at 499,226 BTC.
The company’s total investment in Bitcoin is around $33.1 billion, with an average purchase price of $66,360 per coin.
To reach the milestone of 500,000 BTC, Strategy would need to acquire another 774 BTC. Its reported Bitcoin yield is currently 6.9%, below its 15% target for 2025.
Meanwhile, Jamie Coutts, a Real Vision crypto analyst, warned that two financial indicators could pose risks to Bitcoin's momentum. What are they? Read the full story.