Strategy, led by the well-known Bitcoin enthusiast Michael Saylor, has further expanded its Bitcoin portfolio. This move comes as the cryptocurrency’s value soared beyond the significant $100,000 mark last week.
In a recent filing with the US Securities and Exchange Commission, which was made public on May 12, Strategy revealed that it had acquired 13,390 Bitcoin. The purchase, which took place between May 5 and May 11, cost the firm a whopping $1.34 billion.
This additional acquisition has increased Strategy’s total Bitcoin holdings by 2.4%. The firm now holds a total of 568,840 BTC, acquired for approximately $39.4 billion at an average cost of $69,287 per Bitcoin.
The recent purchases, made at an average price of $99,856 per BTC, coincided with Bitcoin reclaiming the significant $100,000 mark on May 8.
Following this acquisition, Strategy achieved its Bitcoin yield target for 2025, as announced by co-founder Michael Saylor in a May 12 post. This purchase pushed Strategy’s BTC yield – a measure of the percentage change in the ratio between its BTC holdings and assumed diluted shares – to 15.5%.
As previously stated, Strategy aims to maintain a Bitcoin yield target of 15% for the entirety of 2025, after recording a 74% BTC yield in the prior year.
