- Strategy purchased 155 Bitcoin for $18 million from August 4 to 10.
- The company maintains a balance of 628,946 BTC, purchased for $46.09 billion at $73,288 per BTC.
- It now controls 2.99% of BTC’s limited supply, boosting its BTC yield to 25%.
Today, Strategy (formerly MicroStrategy) disclosed that it resumed its Bitcoin (BTC) buying spree. The announcement comes right after it skipped purchase the week before August 4.
Latest Bitcoin Purchase of Strategy
According to its latest filing with the US Securities and Exchange Commission (SEC), Strategy acquired 155 BTC from August 4 to 10 for $18 million. This translated to an average price of $116,401 per BTC. The transactions occurred when the premier digital asset traded between a $114K low and a $119K high, near its $123,091.61 all-time high in mid-July.
Strategy primarily funded its latest Bitcoin buy with the proceeds of its $13.6 million STRF Shares offering within the same week of the purchase.
Total Bitcoin Haul of Strategy
The developments increased the company’s holdings to 628,946 BTC, comprising 2.99% of Bitcoin’s 21 million capped supply. Meanwhile, the move improved its BTC yield to 25% year-to-date (YTD).
So far, Strategy has already spent $46.09 billion on its Bitcoin accumulation. The amount came at a dollar-cost average of $73,288 per BTC.
In the last 24 hours, Bitcoin has traded between a $118,105.69 low and a $122,321.10 high. This meant Strategy’s BTC haul moved from $74.282 billion to $76.933 billion during the period, placing its unrealized gains around $28.188 billion to $30.84 billion.
Criticism of Strategy’s Latest Move
For some reason, a few questioned why Strategy appeared to have held back from stacking more BTC, apparently omitting the fact that it just made a multi-million purchase. Some comments were obviously made in sarcasm or in jest, while others were feeble attempts to ignite some degree of FUD (fear, doubt, uncertainty).
Nonetheless, most people praised the business’s unwavering commitment to the leading crypto asset, regardless if it’s trading record peak. Others found it impressive that the firm could rake in more BTC without diluting its shares.
The near-record peak prices last week likely explain why Strategy made its lowest purchase in the past five months. However, it should be noted that the company’s lowest total purchase cost this year was in March 10 at $10.7 million for 130 BTC. Strategy’s all-time low total purchase cost by far was on March 19, 2024, at $2 million for 33 BTC.
Strategy only made a single sale of 704 BTC for $11.8 million on December 22, 2022. From there, it bought more, especially during dips, or held on at peak prices.
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