Strategy buys $531M of Bitcoin as sentiment rebounds above $107K

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued beefing up its BTC holdings last week amid rebounding investor sentiment and rising prices.

Strategy acquired 4,980 Bitcoin for $531.1 million during the week ending Sunday, the company announced in a US Securities and Exchange Commission filing on June 30.

The cost Strategy’s latest Bitcoin purchases averaged $106,801 per coin, with Bitcoin surging from around $101,000 last Monday to above $108,000 by the end of the week, according to CoinGecko data.

The new acquisition has increased Strategy’s Bitcoin holdings to 597,325 BTC, purchased for about $42.4 billion at an average price of $70,982 per coin.

Strategy’s gain YTD is now 85,871 BTC

With the latest purchases, Strategy’s Bitcoin year-to-date (YTD) gain amounted to 85,871 BTC, or $9.5 billion, compared to a 140,538 BTC gain for the entire 2024, or $13 billion, according to Strategy’s data.

Strategy’s Bitcoin yield surged 0.5% at 19.7%, inching closer to the company’s targeted YTD yield goal of 25% by the end of 2025.

Strategy’s quarter-to-date BTC yield also edged up about 0.4% to 7.8%.