Strategy continues to grow its Bitcoin reserves with an acquisition of nearly $1.5 billion worth of the cryptocurrency, founder Michael Saylor shared in a Monday X post.
Strategy Continues Dramatic Bitcoin Buyup
According to an April 28 filing with the United States Securities and Exchange Commission (SEC), the Virginia-based software firm purchased 15,355 worth of Bitcoin valued at $92,737 each for a cumulative total of $1.42 billion.
The company’s latest acquisition puts its Bitcoin holdings at 553,555, worth a total of $37.90 billion, acquired at an average of $68,459 per coin.
Just last week, Strategy announced it had purchased a little more than $555 million worth of Bitcoin after briefly pausing acquisitions of the cryptocurrency earlier this month as global markets grappled with U.S. President Donald Trump’s “Liberation Day” tariff policies.
Despite the weakening of the U.S. dollar, Bitcoin has seen a relative boost in recent days – hovering around $94,000 as of Monday afternoon.
Michael Saylor Praises Trump’s New SEC Pick
Saylor, who led Strategy’s initial buyup of Bitcoin back in 2020, has long believed in Bitcoin’s potential.
“When banks finally bless Bitcoin and the experts agree it’s a good idea, everyone will want to buy it, no one will need to sell it, and you won’t be able to afford it,” he said in an April 28 X post.
Most recently, Saylor praised newly confirmed SEC chair Paul Atkins, calling him “good for Bitcoin.”
Atkins, who is reported to hold up to $6 million in cryptocurrency himself, has promised to usher in a fair regulatory framework for digital assets.
“Through a rational, coherent, and principled approach, we will work to ensure that the United States is the best and most secure place in the world to do business,” Atkins said during his swearing-in ceremony at the White House last week.
Just exactly what those regulations will look like or how they will impact Bitcoin’s value is still unclear.
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