Michael Saylor’s company Strategy has made another massive Bitcoin purchase, adding 17,994 BTC to its treasury for approximately $1.28 billion. The coins were acquired at an average price of $70,946 per Bitcoin, according to Saylor’s announcement on X.
Following the transaction, Strategy’s total holdings have grown to 738,731 BTC, acquired for about $56.04 billion at an average price of $75,862 per coin.
Read also: Michael Saylor Denies Strategy Bitcoin Dump After Wallet Moves
Nearly 4% of All Bitcoin
The latest purchase further cements Strategy’s position as the largest corporate holder of Bitcoin. With nearly 739,000 BTC, the company now controls close to 4% of Bitcoin’s total supply, making its treasury one of the most closely watched positions in the crypto market.
Interestingly, Strategy paid a higher average price than Bitcoin’s current market level, with BTC trading around $68,000 at the time of the announcement. This places both the new purchase and the company’s overall portfolio slightly underwater on paper. However, Strategy has consistently framed its strategy as a long-term accumulation plan rather than a short-term trade.
Many expect that Strategy could eventually accumulate as many as one million BTC. If that were to happen, the company would control roughly 5% of the entire Bitcoin supply – an unprecedented level of corporate ownership.
Read also: Bitcoin’s Real Supply Is Lower Than 21 Million: The Impact of Lost Coins
