Michael Saylor’s Strategy has added another $18 million worth of Bitcoin to its portfolio, marking the fifth anniversary of its Bitcoin treasury strategy. The acquisition brings the company’s total holdings to an unprecedented 628,946 BTC, solidifying its position as the world’s largest public holder of the cryptocurrency.
Fifth Anniversary Purchase
According to a filing with the US Securities and Exchange Commission on Monday, Strategy purchased 155 Bitcoin during the week ending Sunday at an average price of $116,401 per coin. Bitcoin began the week at $114,000 and approached record highs of around $122,000 by the weekend, according to data from CoinGecko. The purchase increased the company’s total Bitcoin investment to roughly $46.1 billion, acquired at an average price of $73,288 per coin.
From First Buy to Market Leader
Strategy’s first Bitcoin acquisition took place on 11 August 2020, when it spent $250 million on 21,454 BTC. Over the past five years, the price of Bitcoin has surged by 960%, rising from around $11,400 to nearly $120,000 at the time of writing. This long-term bet on Bitcoin has delivered substantial returns, with the company consistently adding to its reserves over 74 separate purchases.
Bitcoin price chart since 2020. Source: CoinGecko
Unwavering Commitment to Bitcoin
Despite sharp price increases, Strategy has never paused its buying strategy. “If you don’t stop buying Bitcoin, you won’t stop making money,” said co-founder Michael Saylor in a post on X on Sunday. The company, formerly known as MicroStrategy, has maintained its aggressive acquisition plan regardless of market fluctuations.
Bold Forecasts for the Future
In late 2024, Saylor pledged to continue purchasing Bitcoin irrespective of its price. Earlier this year, he reaffirmed his ultra-bullish outlook, predicting that Bitcoin could reach $21 million within the next 21 years — a projection that underscores his conviction in the cryptocurrency’s long-term potential.
