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Strategy Goes Shopping, Spends $555.8M to Acquire 6,556 BTC

Strategy holds more bitcoins than the United States and China combined.
Wilfred Samuel
Senior Editor
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Senior Editor
Last updated:
21 April 2025 @ 16:37 UTC
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Strategy, a famous American business intelligence firm founded by crypto-enthusiast Michael Saylor, has gone bitcoin (BTC) shopping for the second time in Q2 2024. According to an announcement via the company’s official X account on Monday, the firm has boosted its stash by 6,556 BTC.

Remarkably, as revealed in Strategy’s BTC purchase page, this marks the company’s eleventh BTC purchase of the year and its 60th purchase since adopting the crypto as a reserve asset in 2020.

Strategy Bags 538,200 BTC

Remarkably, the company spreads its BTC purchase across different business days to acquire the crypto at varied market prices. Following the same strategy for its latest purchase, the pro-bitcoin company spent approximately $555.8 million to purchase 6,556 units of the apex coin at an average price of $84,785 per bitcoin within the just-concluded business week.

Following the purchase, the business intelligence firm has spent approximately $36.47 billion to acquire 538,200 BTC, which is 2.56% of the total bitcoin supply, over five years. It has attained an all-time average purchase price of $67,766 per BTC. Year-to-date, the firm has achieved a BTC yield of 12.1%.

Remarkably, Strategy is the world’s largest corporate BTC holder and has bagged more bitcoins than the United States and China collectively, both holding 213,297 BTC and 194,000 BTC, respectively.

Strategy’s constant BTC purchase has influenced many companies. Including the likes of Japanese Metaplanet, which has also embraced a weekly BTC purchase streak, and MaraHoldings, which has occasionally purchased BTC from the open market despite being a profitable miner.

BTC Gears for Price Jump

According to data from CoinMarketCap, the cryptocurrency market capitalization has increased by 3% over the last 24 hours, reaching $2.47 trillion. This is fueled by the uptrend in the price of BTC and other high-cap crypto assets.

Remarkably, the BTC trading volume surged 80%, reaching $28 billion. The crypto has also gained ground above the $87,000 mark. According to famous analyst Miles Deutscher, this movement marks BTC’s first significant breakout of 2025.

Meanwhile, the uptrend has also boosted investors’ confidence in the long-foretold, inevitable 2025 bull run.

Wilfred Samuel

Senior Editor
Wilfred Samuel is a cryptocurrency enthusiast with over three years of experience in blockchain technology. He conducts thorough research to provide precise and reliable news reports. With a strong foundation in technology, including software development skills, Samuel is equipped with adequate knowledge to navigate the cryptocurrency space effectively.

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