Strategy bags 15,355 Bitcoin for $1.42B as price surged above $90K

Michael Saylor’s Strategy added to its massive Bitcoin stash last week as the cryptocurrency surged above $90,000.

In an April 28 announcement, Strategy reported acquiring 15,355 Bitcoin (BTC) between April 21 and 27.

The latest purchases cost Strategy $1.42 billion at an average price of $92,737 per BTC, increasing the company’s aggregate BTC holdings by roughly 3% to a total of 535,555 BTC worth more than $50 billion.

Strategy’s latest buy is its largest since late March, when the firm bagged 22,048 Bitcoin for $1.92 billion at an average price of $86,969 per BTC.

Strategy’s Bitcoin yield is at 13.7%

Announcing the purchase on X, Strategy co-founder Saylor said the firm has achieved the BTC yield of 13.7% year-to-date.

“As of April 27, we hodl 553,555 BTC acquired for approximately $37.90 billion at $68,459 per Bitcoin,” Saylor noted.

Strategy’s BTC yield — an indicator representing the percentage change of the ratio between its BTC holdings and assumed diluted shares — amounted to 74% in 2024.

The company expects to reach a BTC yield target of 15% in 2025.

This is a developing story, and further information will be added as it becomes available.

Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26