Michael Saylor’s Strategy Adds $75.1M in Bitcoin as Price Dips
In the final week of May, Michael Saylor’s company, Strategy—the largest corporate holder of Bitcoin—purchased $75.1 million worth of BTC after prices briefly dipped to around $103,000.
Between May 26 and 30, Strategy acquired 705 BTC at an average price of $106,495 per coin. Bitcoin prices had fallen from $110,000 at the start of the week to as low as $103,400 over the weekend.
This purchase, disclosed in a June 2 filing, was the company’s last for the month and brought its total Bitcoin holdings to 580,955 BTC. The company has spent approximately $40.7 billion on Bitcoin, with an average acquisition price of $70,023 per coin.
The latest buy slightly boosted Strategy’s year-to-date (YTD) Bitcoin yield to 16.9%, up from 16.8% after their prior 4,020 BTC purchase. Their quarter-to-date yield now stands at 5.4%. Strategy aims to reach a 25% BTC yield by the end of 2025, having raised its previous target of 15% on May 1.
Meanwhile, Strategy director Jarrod Patten sold 3,750 shares of the company’s Class A stock between May 22 and 29, netting about $1.4 million. Following the sales, Strategy’s stock (MSTR) briefly dropped below $360 on May 28 and 30 before rebounding to $369 at the week’s close. Pre-market trading showed a 1.6% dip.
Despite the recent volatility, MSTR shares are up 23% for the year and have gained 123% over the past 12 months.
Analyst Jeff Walton believes Strategy is positioned to eventually become the top publicly traded stock due to its extensive Bitcoin holdings. As of June 2, the company owned nearly 581,000 BTC—around 2.9% of the total Bitcoin supply mined to date.
