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Saylor’s Strategy Buys Additional 10,624 BTC for $963M

This purchase brings Strategy’s total holdings to 660,624 BTC, over 3.1% of the total bitcoin supply.

Metaplanet

Strategy, the world’s leading corporate bitcoin holder, has entered the market with a large bitcoin purchase, despite concerns among its shareholders about crypto market volatility. As revealed in a recent social media post, the firm spent $962.7 million on bitcoin purchases during the just-concluded business week, adding 10,624.

This purchase marks Strategy’s most significant BTC buy since July, when it spent almost $2.5 billion to acquire 21,021 BTC at around $117,256.

$963M BTC Shopping

Notably, last week was quite profitable for Strategy, yielding enough capital for a big bitcoin buy. The firm sold 442,536 units of its STRK stock, raising $34.9 million. It also offloaded 5,127,684 MSTR shares to raise $928.1 million. It spent all the proceeds on BTC shopping.

Over the past business week, BTC fluctuated between $83,900 and $93,900. As a result, Strategy scooped up the crypto at an average price of $90,615 per bitcoin. This marks the firm’s second-lowest bitcoin acquisition price since April. Meanwhile, its all-time average BTC purchase price now stands at $74,696 per BTC.

Concluding the massive $963 million bitcoin purchase, Strategy now holds  660,624, over 3.1% of the apex coin’s total supply. And it has spent $49.35 billion over five years, across various market conditions, to achieve this.

Will Strategy Sell Its BTC Someday?

This question has lurked in the minds of many bitcoin enthusiasts and Strategy’s stockholders. Hence, its pro-crypto founder and Chairman, Michael Saylor, answered the question in Strategy’s “Company Update 2025.”

He explained that Strategy would sell portions of its BTC as it would be in the best interest of the shareholders, the company, and the Bitcoin ecosystem.

Recall that the first and only time Strategy sold any of its BTC was on December 22, 2022, when it exchanged 704 BTC for $11.8 million to settle taxes. Since then, it had not made any such move.

Meanwhile, further demonstrating that offloading bitcoin is not always its first option for escaping a financial crisis, Strategy has established a $1.44 billion reserve. It plans to use the funds to settle with investors and shareholders over the next two years, rather than sell its BTC to do so.    

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Samuel Wilfred