Michael Saylor's Strategy (formerly MicroStrategy) just bought another 3,459 bitcoins

Strategy, the Bitcoin-scooping firm led by Michael Saylor, has acquired another 3,459 Bitcoins, bringing the company's total to 531,644.

Michael Saylor’s Strategy has scooped up another 3,459 Bitcoins, the company disclosed on Monday.

The firm, which is the largest publicly-traded holder of Bitcoin, spent $286 million at an average price per token of $82,618.

The company now holds a total of 531,644 Bitcoins, more than twice the amount held by the US government.

Those amounts are overshadowed only by exchange-traded funds like BlackRock’s iShares Bitcoin Trust, which held 570,983 Bitcoins worth about $47 billion Monday.

The company also disclosed that it expects to post a net loss in the first quarter of 2025 after the cryptocurrency fell 12% in that span.

As of 4pm New York time Monday, Strategy stock was trading at $311, having buckled under the weight of US President Donald Trump’s global trade war last week, dropping as low as $237 on April 9.

But on the same day, Trump announced a 90-day reprieve on many of the tariffs set to take effect.

Last week, Strategy, formerly known as MicroStrategy, was sounding alarm bells over its sensitivity to declines in Bitcoin’s price.

Some analysts are calling for lofty targets on Strategy’s stock over the next year.

Bernstein analysts recently said Strategy stock could hit $600 in the next 12 months.

The company also disclosed that it expects to post a net loss in the first quarter of 2025 after the cryptocurrency fell 12% in that span.

News data source: kdj.com

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