Michael Saylor’s Strategy bought another 245 Bitcoin last week after doubling down on his long-term BTC price prediction, forecasting BTC to hit $21 million in 21 years.
Michael Saylor’s Strategy, the world’s largest public Bitcoin investor, has disclosed its latest BTC purchases as the cryptocurrency slid in response to escalating geopolitical fears last week.
Strategy acquired 245 Bitcoin (BTC) for $26 million during the week ending June 22, the company announced in an official US Securities and Exchange Commission filing on Monday.
The cost of Strategy’s latest Bitcoin haul averaged $105,856 per coin, with Bitcoin plummeting from around $108,900 last Monday to an intraweek low of just below $99,000, according to CoinGecko data.
Its recent purchases, including a $1 billion Bitcoin buy, have boosted the company’s holdings to 592,345 BTC bought for approximately $41.9 billion at an average price of $70,681 per coin.
Only buying the top?
The latest purchase is one of Strategy’s smallest Bitcoin buys in recent months. It is the smallest since March, when the firm bought 130 BTC for $10.7 million.
Like the March transaction, last week’s purchase came during a price pullback, prompting some observers to question why the company didn’t buy more at lower prices.
Strategy’s approach to buying bigger amounts at higher prices aligns with Saylor’s Bitcoin accumulating philosophy and commitment to “buying the top forever.”
In late 2024, Saylor pledged to keep buying BTC at peak prices no matter how high prices would go.
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“I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin,” he stated.
Strategy’s BTC yield stands at 19% YTD
Following its latest purchases, Strategy has maintained its Bitcoin yield, an indicator reflecting the percentage increase in the value of its BTC fortune over a specific period of time.
According to Strategy’s data, its year-to-date BTC yield after the new purchases stood at 19.2%, just 0.01% above the yield in the previous $1 billion BTC buy announced on June 16.
The latest BTC yield surge brings Strategy closer to its targeted YTD yield goal of 25% by the end of 2025. The company previously targeted a smaller yield of 15% but increased it on May 1.
Strategy’s new Bitcoin purchase announcement came shortly after Saylor raised his long-term price prediction on June 21, forecasting the cryptocurrency to hit $21 million in 21 years.
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