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.
MSTR shares dip
Strategy’s latest Bitcoin purchase came as its Common A stock (MSTR) slid again last week, falling from around $360 on Monday to $309 by Friday, according to TradingView data.
As of Monday, MSTR was down roughly 33% from its July peak of about $456, but the stock remained 63% higher than a year ago, mirroring Bitcoin’s performance, which rose 84% over the same period, according to CoinGecko.
Strategy took to X last Friday to highlight that it’s been “securitizing BTC” for equity and credit investors using its at-the-market (ATM) equity offerings, including the Series A Perpetual Strife Preferred Stock (STRF), the Series A Perpetual Strike Preferred Stock (STRK) and more.
Related: Bitcoin may get ‘dragged around a bit’ amid Trump tariff fears: Exec
Some commentators observed that MSTR has been significantly underperforming Bitcoin exchange-traded funds.
“The minute I can buy into a bitcoin ETN [exchange-traded note] in the UK, I’m likely to be selling all my MSTR and it’s not a small amount. Losing a lot of investors at the moment,” another commentator wrote.
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