Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week.
Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm announced in its filing with the US Securities and Exchange Commission published on May 12.
The acquisition has increased Strategy’s total Bitcoin holdings by 2.4% to a total of 568,840 BTC, acquired for approximately $39.4 billion at an average price of $69,287 per coin.
An excerpt from the Form-8 by Strategy filed on May 12. Source: Strategy
The newly announced purchases were made at an average price of $99,856 per BTC, with Bitcoin reclaiming the psychological mark of $100,000 on May 8.
Strategy achieves Bitcoin yield target
Following the acquisition, Strategy met its 2025 Bitcoin yield target, co-founder Michael Saylor said in a May 12 post on X.