Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, expanded its BTC holdings last week as the cryptocurrency surged to new all-time highs.
Strategy acquired 220 Bitcoin (BTC) for $27.2 million in its latest purchase, Saylor announced in an X post on Monday, as the related filing had yet to appear on the US Securities and Exchange Commission website.
The purchase was made at an average price of $123,561 per coin as Bitcoin reached an all-time high above $126,200 on Oct. 6 before dipping to $107,000 in Friday’s flash crash, according to data from Coinbase.
Following the acquisition, Strategy held a total of 640,250 BTC, purchased for about $47.38 billion at an average price of $74,000 per coin.
“No tariffs on Bitcoin”
Strategy’s Saylor took to X amid the Friday market crash, which has been widely attributed to the impact of new China tariffs threats from US President Donald Trump.
“No tariffs on Bitcoin,” Saylor wrote on Friday, as the cryptocurrency plunged nearly $20,000 in a single day.
According to Saylor, Strategy’s BTC Yield — the percentage change in the ratio between the company’s BTC holdings and assumed diluted shares outstanding — reached 25.9% year-to-date with the new purchase.
The acquisition followed a 196 BTC buy announced in late September, as Strategy opted not to buy more Bitcoin in the first week of October.
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