Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time on July 14.
Strategy acquired 6,220 Bitcoin (BTC) for $739.8 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday.
Strategy’s new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according to CoinGecko.
The acquisition increased Strategy’s Bitcoin holdings to 607,770 BTC, purchased for about $43.6 billion at an average price of $71,756 per coin.
Bitcoin yield surges to 20.8% YTD
With the new purchases, Strategy’s year-to-date (YTD) Bitcoin yield added another 0.6%, increasing from last week’s 20.2% to current 20.8%, according to Saylor.
Following the latest adjustment, Strategy’s YTD Bitcoin yield is now just 4.2% away from the 25% target, which was initially set at 15%.
Introduced in August 2024, Strategy’s Bitcoin yield metric represents the percentage change in the ratio between its BTC holdings and the company’s assumed diluted shares outstanding. In 2024, Strategy’s BTC yield reached as high as 74.3%.
Strategy exec sells another 10,900 MSTR
Prior to announcing its latest Bitcoin acquisition, Strategy submitted a filing to the SEC on proposed sales of securities on July 14.
According to the filing, Strategy’s senior executive vice president Wei-Ming Shao sold another 10,900 Strategy (MSTR) shares worth around $4.9 million.
Related: Saylor signals Bitcoin buy as Strategy’s stash climbs to over $71B
The latest sale extended a $25.7 million MSTR sale by the same executive in the previous week.
The new BTC purchases followed Strategy’s $472.5 million investment in Bitcoin last week, with the company’s BTC holdings exceeding 600,000 Bitcoin.
So far in July, Strategy has bought 10,455 BTC, compared to 17,075 BTC purchased in June, 26,695 BTC in May and 25,370 BTC in April.
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