Michael’s bet. Strategy (MSTR), under the direction of Michael Saylor, continues its massive accumulation of bitcoin With the purchase of an additional 13,390 BTC for $ 1.34 billion. This acquisition brings the total bitcoin assets of the company to 568,840 BTC, worth more than $ 59 billion. The average purchase price of all bitcoins held by Strategy is now 69,287 dollars.
- Strategy, led by Michael Saylor, acquired additional 13,390 BTC for $ 1.34 billion.
- The company now holds 568,840 BTC, a total estimated at more than $ 59 billion, consolidating its position as the largest institutional holder.
An unprecedented accumulation of bitcoin
Since Stratum started buying Bitcoin In August 2020, the company continued to accumulate it. Michael Saylorthe CEO of the company, said on several occasions that he considered Bitcoin as a reserve of value greater than gold and coverage against inflation.
With the latter acquisitionannounced as usual on social networks, Stratum Strengthening its position again as the largest institutional holder in Bitcoin. The company spent a total of $ 39.4 billion to buy its 568,840 BTC, which represents about 0.3 % of the total BTC offer.
These new purchases were funded by two fundraising mechanisms: an offer during the market of its ordinary actions of category A and the program ofPrivileged actions Strk standard. Between May 5 and 11, the company thus raised $ 1.31 billion by the sale of ordinary shares and issued 273,987 privileged shares.
A risky strategy, but potentially (very) lucrative
Strategy’s strategy accumulating bitcoin is risky, but it could prove to be extremely lucrative if the price of bitcoin continues to increase; And it has already increased by more than 300 % since Strategy began to buy the cryptocurrency In August 2020. So far, everything is fine.
Michael Saylor is also convinced that bitcoin will continue to increase in value as the adoption of cryptocurrency is generalized and he said that bitcoin could reach $ 1 million by 2030. He is not the only one, since Arthur Hayes And Robert Kiyosaki It has also been repeating it for some time and that even Changpeng Zhao has recently given a range between 500,000 and 1 million dollars.
Note in passing that if the price of Bitcoin really reaches 7 figures one day, the stratum assets will then be worth more than $ 500 billion! It would make Strategy one of the richest companies in the world and Michael Saylor would then be One of the greatest visionaries of his time.