The largest corporate holder of Bitcoin has resumed its billion dollar buying activity after a short pause that even included a week without any purchases.
Strategy announced that it acquired 13927 BTC for about 1 billion dollars at an average price of 71902 dollars per coin. This brings its year to date yield to 5.6 percent, while its total holdings have reached 780897 BTC, accumulated at a cost of roughly 59 billion dollars.
Despite the massive accumulation, the company’s average purchase price remains higher than Bitcoin’s current market value, leaving it with an unrealized loss of around 3.5 billion dollars.
The latest acquisition follows a hint from co founder Michael Saylor, who posted a message encouraging investors to think bigger just a day earlier.
In a separate update, Saylor explained that Strategy’s Bitcoin breakeven annual return rate is slightly above 2 percent. He noted that if Bitcoin grows faster than this rate over time, the company could sustain its dividend obligations without issuing new MSTR shares.
Shares of the company, listed on the NASDAQ, have declined by more than 18 percent since the beginning of the year, largely reflecting Bitcoin’s own performance.
The purchase follows another significant acquisition last week, when Strategy bought 4871 BTC for approximately 330 million dollars. The week before that marked a rare pause, as the company did not announce any Bitcoin purchases for the first time in months.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
