Michael Saylor Strikes Again, Purchasing 13,390 Bitcoins for $1.34 Billion

Michael Saylor strikes again. The head of Strategy has just purchased an additional 13,390 bitcoins for $1.34 billion, strengthening his dominance in the institutional market.

The firm of Michael Saylor, Strategy, announced the acquisition of 13,390 bitcoins for $1.34 billion, according to a document filed with the SEC on May 12.

This operation, carried out between May 5 and 11, was made at an average price of $99,856 per bitcoin, just as the cryptocurrency had just crossed the psychological threshold of $100,000.

This new acquisition brings Strategy’s total reserves to 568,840 BTC, acquired for about $39.4 billion. The average acquisition price now stands at $69,287 per coin.

Even more remarkable, the company has reached its bitcoin yield target of 15.5%, initially set for the whole of 2025.

Faced with this performance, Saylor immediately raised the bar, now aiming for a 25% yield by 25, an ambition that reflects his unwavering confidence in bitcoin’s trajectory.

While MicroStrategy’s strategy fascinates, it also draws harsh criticism. Peter Schiff, a notorious bitcoin detractor, worries about the constant rise in the average acquisition cost.

“Your next purchase will likely push your average cost above $70,000″, he warned on X, predicting that the next drop will turn “small paper losses into colossal real losses”.

This warning comes as Strategy plans to raise an additional $84 billion (42 billion in shares and 42 billion in bonds) to buy even more bitcoin. Such an aggressive strategy that even Coinbase, a major crypto player, has chosen to keep its distance.

Yet, institutional enthusiasm for bitcoin remains massive: more than 13,000 institutions and 814,000 individuals hold Strategy shares, while 55 million people are indirectly exposed through ETFs and pension funds.

In sum, Saylor’s strategy, by systematically converting stock capital into bitcoin, creates constant buying pressure. If other Nasdaq giants follow suit, some analysts project a bitcoin between $250,000 and $300,000 by the end of 25. A scenario that would definitively disrupt the balance between traditional finance and the crypto-economy.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.