Michael Saylor-Backed Strategy Resumes Bitcoin Buying Spree With $27 Million Purchase

Michael Saylor-backed Strategy (MSTR) announced on Monday that it had bought another 220 Bitcoin (BTC) over the past week for around $27.3 million, marking its first accumulation since Bitcoin hit a record high above $126,000 earlier this month.

MSTR’s stock gained more than 1% in pre-market trade. However, retail sentiment around the largest Bitcoin-holding digital asset treasury (DAT) on Stocktwits dipped to ‘bearish’ from ‘neutral’ territory over the past day. Meanwhile, Bitcoin’s price gained more than 2.5% in the last 24 hours and was trading at around $114,300 at the time of writing. Retail sentiment around the leading cryptocurrency trended in ‘bullish’ territory amid ‘high’ levels of chatter.

The company said it acquired the tokens at an average price of about $123,561 per Bitcoin, bringing its total holdings to 640,250 BTC, worth approximately $47.4 billion at current prices. The acquisition was funded via its at-the-market (ATM) programs, which sold 170,663 STRF shares, 16,873 STRK shares, and 68,775 STRD shares, generating $27.3 million in proceeds. Strategy’s year-to-date Bitcoin yield now stands at 25.9%.

Strategy was not alone in pausing purchases after the record high. Japan’s Metaplanet, the world’s fourth-largest corporate Bitcoin holder behind Strategy, Marathon Digital (MARA), and another major miner, XXI, also halted acquisitions over the weekend. 

MSTR’s stock has gained 1.5% this year and around 58% over the past 12 months. In comparison, Bitcoin’s price has gained 22% this year and more than 80% in the last 12 months. 

Read also: Altcoins Outperform As Bitcoin Holds Steady at $114,000 After Weekend Volatility Following Trump’s China Tariff Threat

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