Michael Saylor’s Latest Bitcoin Buy Is 10x Smaller After $2.5B Spending Spree

• MSTR’s $255 million spend this month is 10x smaller than the $2.5 billion MSTR spent last week on Bitcoin. 
• The company’s total Bitcoin holdings now total 818,334 Bitcoin, valued at around $61.81 billion.
• Strategy's paper gains on Bitcoin remain in the green, with Bitcoin’s price over $77,000, above the average acquisition price of around $75,500.

Shares of Michael Saylor-backed Strategy (MSTR) edged higher in early morning trade on Monday after the company announced it had bought 3,273 Bitcoin (BTC) for around $255 million over the past week.

This weekly purchase is 10x smaller than last week, when Strategy spent $2.5 Billion to buy over 34,000 BTC.MSTR’s stock moved 0.65% higher in pre-market trade. On Stocktwits, retail sentiment around the company trended in ‘bullish’ territory, accompanied by ‘high’ levels of chatter.

The move comes after executive chairman Michael Saylor posted “The Beat Goes On” on X over the weekend, with his signature “orange dots” charts, hinting that another Bitcoin purchase announcement was on the cards for Monday.

MSTR’s Bitcoin Holdings In The Green

Bitcoin’s price edged 0.3% lower in the last 24 hours to around $77,800. Retail sentiment around the apex cryptocurrency also trended in ‘bullish’ territory over the past day, but chatter remained at ‘normal’ levels. 

According to its latest filing with the Securities and Exchange Commission (SEC), the company now holds a total of 818,334 Bitcoin, valued at $61.81 million. Acquired at an average cost of $75,537, Strategy’s unrealized gains remain in the green with Bitcoin’s price above $77,000.

Instead of spending from is variable perpetual stocks, MSTR sold Class A Common Stock worth $255 million to make the purchase. 

MSTR’s total BTC holdings also now amount to nearly 4% of Bitcoin’s total circulating supply, closing the gap with Bitcoin creator Satoshi Nakamoto’s 1.1 million BTC stash that’s locked away across various wallets and accounts for 5.2% of Bitcoin’s supply.

MSTR’s stock has gained 10% this year so far, while Bitcoin’s price has fallen over 11%. 

Read also: Bitcoin Slips Below $78K After Oil Spike – But Analysts Still See Path To $80K

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