Michael Saylor’s Strategy (the world’s largest publicly-traded Bitcoin holder) continued to stack Bitcoins last week, as it surged above $122,000 on July 14 for the very first time.
Strategy purchased 6,220 Bitcoins (BTCIn the week that ended on Sunday, he paid $739.8 millions. according According to an SEC filing made on Monday, the US Securities and Exchange Commission is recommending that all companies file a report.
Strategy’s Bitcoin purchase was made for an average of $118.940 per coin. BTC started the week with historic highs above $122,000 and then dropped to a low intraweek of $116,000 before consolidating in around $118,000. according CoinGecko.
This acquisition brought Strategy’s Bitcoins up to 607 770 BTC. These coins were purchased at an average cost of $71,756 each, for $43.6 billion.
The yield on Bitcoin has risen to 20,8% for the year.
Strategy’s Bitcoin yield for the entire year (YTD) increased 0.6% with these new purchases. increasing Saylor says the current rate is 20.8% and down from 20.2%.
The YTD yield of Strategy’s bitcoin is only 4.2% off the target. which was initially set at 15%.
The Strategy Bitcoin yield metric was introduced in August 2024. It represents the percent change between Strategy’s BTC holdings, and its assumed diluted shares outstanding. The year 2024. Strategy’s BTC yield reached as high as 74.3%.
A strategy executive sells 10,900 MSTR
Strategy announced its latest Bitcoin purchase before announcing it. submitted On July 14, a SEC filing was made regarding the proposed sale of securities.
The filing shows that Wei-Ming Shao, senior executive vice president of Strategy (MSTR), sold 10,900 shares in the company worth $4.9million.
Related: Saylor signals Bitcoin buy as Strategy’s stash climbs to over $71B
Sale extended to the latest a $25.7 million MSTR sale He was also the executive who spoke to the media the previous week.
Strategy invested $472.5 Million in Bitcoins last week. The company now holds more than 600,000 Bitcoins.
Strategy purchased 10,455 BTC as of July 1, compared to 17,075 BTC bought in June, 26695 BTC sold in May, and 25,370 BTC traded in April.
Magazine: Bitcoin OG Willy Woo has sold most of his Bitcoin: Here’s why
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
