Michael Saylor’s company, Strategy, has acquired 4,871 Bitcoin for approximately $329.9 million, according to a recent SEC filing. The purchase was made between March 30 and April 5 at an average price of $67,718 per Bitcoin. Following this acquisition, Strategy’s total Bitcoin holdings have reached 766,970 BTC, purchased for about $58.02 billion at an average cost of $75,644 per Bitcoin.
Weekly Bitcoin Purchases Resume After Brief Pause
The announcement came shortly after Michael Saylor hinted at a new purchase by sharing the company’s Bitcoin portfolio with the caption “₿ack to Work.” The company had paused its weekly Bitcoin buying strategy for one week, failing to acquire BTC in the week ending March 29 before resuming purchases.
MSTR Stock Price Climbs Amid Market Optimism
Strategy’s stock price rose more than 4%, moving from last week’s closing price of $120 to around $125 in premarket trading, according to TradingView data. Despite the daily gain, the stock remains down over 22% year-to-date.
The rally also coincided with optimism surrounding a possible ceasefire in the ongoing U.S.-Iran conflict, as Bitcoin climbed above the key $70,000 level.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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