Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, reported its first BTC purchases in August, marking five years since adopting Bitcoin as a treasury asset.
Strategy acquired 155 Bitcoin (BTC) for $18 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 of $116,401 per coin, with BTC starting the week at $114,000 and nearing all-time highs around $122,000 by Sunday, according to CoinGecko.
The acquisition increased Strategy’s Bitcoin holdings to 628,946 BTC, purchased for about $46.1 billion at an average price of $73,288 per coin.
Strategy bought its first BTC on Aug. 11, 2020
Strategy’s latest Bitcoin acquisition coincides with the fifth anniversary of its BTC treasury strategy, launched on Aug. 11, 2020, with a $250 million buy of 21,454 BTC.
Since Strategy’s first BTC purchase, the price of Bitcoin has surged 960% from around $11,400 to roughly $120,000 at the time of writing, giving massive returns on the investment.
Despite the rising prices, Strategy, formerly known as MicroStrategy, has never stopped buying BTC since, now holding more than 600,000 BTC acquired over 74 purchases.
“If you don’t stop buying Bitcoin, you won’t stop making money,” Strategy co-founder Saylor said in a post on X on Sunday.
In late 2024, Saylor pledged to keep buying Bitcoin no matter how high it surges. In June, the Strategy co-founder doubled down on his Bitcoin price forecast, predicting that BTC is going to hit $21 million in the next 21 years.
This is a developing story, and further information will be added as it becomes available.
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