19:05 ▪
4
min read ▪ by
Bitcoin Accumulation Strategy Strategy has reached a new milestone. The Michael Saylor-led company just bought $1.57 billion worth of BTC, bringing its reserves to 761,068 Bitcoins. Such an operation further strengthens the company’s position as the largest public holder of bitcoins in the world. The strategy has been gradually converting its treasury to BTC for several years, making the company a central player in institutional accumulation. This new acquisition confirms the scope of the strategy, which continues to influence the market.
In short
- The strategy reached a new milestone in its Bitcoin accumulation strategy with a massive purchase of 22,337 BTC for roughly $1.57 billion.
- The company’s total reserves now stand at 761,068 bitcoins, strengthening its position as the largest public holder of BTC in the world.
- The total cost of this reserve now exceeds $57 billion, illustrating the scale of the investment strategy led by Michael Saylor.
- This strategy gradually brings the company closer to the symbolic limit of one million bitcoins held.
The strategy breaks the 761,000 bitcoin mark
Strategy announced the purchase of 22,337 bitcoins. Michael Saylor confirmed the acquisition on the social network “for about $1.57 billion at an average price of about $70,194 per bitcoin”.
The operation now increases the company’s reserves to 761,068 BTC, cementing its position as the largest public holder of Bitcoin. The main points announced by the strategy are as follows:
- 22,337 BTC purchased in this operation;
- $1.57 billion was invested in this new acquisition;
- average price $70,194;
- 761,068 BTC now held by the company;
- A total of $57.61 billion was spent to build this reserve.
With this new transaction, Strategy confirms its accumulation strategy launched several years ago. The Michael Saylor-led company is thus continuing its policy of converting a large portion of its coffers to bitcoins, an approach that sets it apart from other publicly traded companies.
A market funded accumulation strategy
The massive purchase of Bitcoin is partly based on the company’s capital raising. The strategy mainly financed its acquisitions through stock sales and the issuance of STRC preferred stock, which raised about $1.18 billion in the week before the announcement. This financial mechanism allows the company to continue to strengthen its bitcoin reserves while mobilizing the markets to support its strategy.
This purchasing policy is part of the accelerated accumulation dynamics. A week earlier, Strategy had already acquired 17,994 BTC for around $1.28 billion, bringing its reserves to 738,731 Bitcoins. The new operation confirms the company’s intention to continue this extensive accumulation.
With more than 761,000 bitcoins in reserve, Strategy is approaching the token limit. So the company would still need to raise another 238,932 BTC to reach the one million bitcoin mark. Such a trajectory is fueling debates within the ecosystem about the potential impact of these institutional purchases on market liquidity and on the evolution of Bitcoin’s price and its role in the treasury strategies of large corporations.
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A graduate of Sciences Po Toulouse and holder of the blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed myself to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and take advantage of the opportunities it offers. I strive every day to provide an objective analysis of current events, decipher market trends, convey the latest technological innovations, and put into perspective the economic and social issues of this ongoing revolution.
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Before making any investment decision, do your own research.
