Michael Saylor's Strategy company, as the world's largest public holder of Bitcoin, has expanded its BTC holdings during the cryptocurrency surge to an all-time high.
Saylor announced in a post on the X platform on Monday that Strategy has recently purchased 220 Bitcoins worth $27.2 million, with related filings yet to appear on the U.S. Securities and Exchange Commission (SEC) website.
According to Coinbase data, the average purchase price for this acquisition was $123,561 per coin, while Bitcoin reached an all-time high of over $126,200 on October 6, before plummeting to $107,000 during Friday's flash crash.
After the acquisition, Strategy now holds a total of 640,250 BTC, purchased for approximately $47.38 billion, with an average price of $74,000 per coin.
Saylor posted on X during Friday's market crash, which was widely attributed to the impact of U.S. President Donald Trump's new tariff threats against China.
"Bitcoin has no tariffs," Saylor wrote on Friday, as the cryptocurrency fell nearly $20,000 in a single day.
According to Saylor, Strategy's BTC yield—the percentage change in the ratio of the company's BTC holdings to assumed diluted shares outstanding—has reached 25.9% year-to-date following the new purchase.
This acquisition follows the announcement at the end of September to purchase 196 BTC, with Strategy opting not to buy more Bitcoin in the first week of October.
Strategy's latest Bitcoin purchase comes as its Class A common stock (MSTR) fell again last week, according to TradingView data, dropping from about $360 on Monday to $309 on Friday.
As of Monday, MSTR is down about 33% from its peak of around $456 in July, but the stock is still up 63% from a year ago, reflecting Bitcoin's performance, which has risen 84% during the same period according to CoinGecko data.
Strategy emphasized on the X platform last Friday that it has been "securitizing BTC" for equity and credit investors through its market stock issuance (ATM), including Series A perpetual Strife preferred stock (STRF), Series A perpetual Strike preferred stock (STRK), and others.
Some commentators noted that MSTR's performance has significantly lagged behind Bitcoin exchange-traded funds.
"Once I can buy Bitcoin ETNs (exchange-traded notes) in the UK, I will likely sell all my MSTR, and not in small amounts. A lot of investors are currently being lost," another commentator wrote.
Related: Cryptocurrency derivatives funding rates drop to a 3-year low: Bullish signal?
Original article: “Strategy announces first Bitcoin purchase in October, acquiring 220 BTC for $27.2 million”
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