Highlights:
- Strategy bought 15,355 Bitcoins for $92,737 each, using $1.42 billion from stock sales.
- MicroStrategy now holds BTC worth over $52 billion, owning about 2.64% of supply.
- Analyst says Strategy’s Bitcoin buying is creating a “synthetic halving” by reducing availability.
Michael Saylor’s Strategy revealed in a Form 8-K filing on Monday that it acquired 15,355 Bitcoin for approximately $1.42 billion between April 21 and April 27, paying an average price of $92,737 per Bitcoin. The company funded the Bitcoin purchase with money from its at-the-market (ATM) stock sales. It sold 4,020,000 shares of common stock and 435,069 shares of its 8.00% Series A preferred stock during the period.
Strategy currently holds 553,555 Bitcoins, valued at over $52 billion. The company bought them at an average price of $68,459 per Bitcoin. Co-founder and executive chairman Michael Saylor stated that the total cost, including fees and expenses, amounted to approximately $37.9 billion. Strategy’s Bitcoin holdings now account for over 2.6% of Bitcoin’s total supply of 21 million coins. Based on current prices, Strategy has about $14 billion in unrealized profits.
Saylor said the company’s BTC yield is 13.7% so far this year. The BTC yield shows how much the company’s Bitcoin holdings have grown compared to its total shares. Last year, this yield was 74%. The company plans to reach a 15% BTC yield in 2025.
$MSTR has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025. As of 4/27/2025, we hodl 553,555 $BTC acquired for ~$37.90 billion at ~$68,459 per bitcoin. https://t.co/5OOs3UdWLg
— Michael Saylor (@saylor) April 28, 2025
Bitcoin has remained resilient above key price levels. It is currently trading at $95,820, up 0.59% in the past 24 hours. This rise is driven by several positive factors. President Trump signaled a potential reduction in Chinese import tariffs. Additionally, new SEC Chairman Paul Atkins has shown strong support for cryptocurrency.
Saylor Continues Bullish Social Media Messages Amid Bitcoin Accumulation
As Strategy increased its Bitcoin holdings during the BTC rally, it seems that Saylor continued sharing positive messages on social media. On April 25, he mentioned that BTC could still be bought for less than $0.1 million.
You can still buy $BTC for less than $0.1 million.
— Michael Saylor (@saylor) April 25, 2025
In a post before the purchase announcement, Saylor advised others to stay humble and stack sats [satoshis]. He also shared a screenshot showing Strategy’s Bitcoin purchases on the price chart.
Stay Humble. Stack Sats. pic.twitter.com/gkjvxkn5Ek
— Michael Saylor (@saylor) April 27, 2025
Strategy’s Bitcoin Buying Creates Synthetic Halving Effect: Analyst
Author and analyst Adam Livingston, known for “The Bitcoin Age and The Great Harvest,” believes Strategy’s fast Bitcoin buying is creating a “synthetic halving.” In the crypto world, a halving happens every four years and reduces the amount of new BTC mined. Livingston stated that by buying so much Bitcoin, Strategy is making it harder for others to get it, mimicking the halving effect.
He said people may have to pay extra to get it. Borrowing Bitcoin might only be possible for big companies or countries. “The cost of capital for this currency won’t be set by the market anymore — it will be decided by MicroStrategy’s policies, ” Livingston added.
If buying continues at the current pace, prices could climb even higher. Rising investor demand could also add more pressure. Since Bitcoin’s supply is forever capped at 21 million, and a large portion is already locked up, basic supply and demand suggest prices could rise quickly.
Strategy is synthetically halving Bitcoin and will set the cost of capital for the next 100 years.
Most people think the Bitcoin supply curve is sacred.
Fixed. Immutable. Untouchable.
They're wrong.
Strategy is manually rewriting Bitcoin’s scarcity schedule right now with…
— Adam Livingston (@AdamBLiv) April 27, 2025
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