MicroStrategy Doubles Down on Bitcoin, Acquiring 15,355 BTC in Its Second Consecutive Week of Massive Purchases

Business intelligence-turned-Bitcoin development firm Strategy (formerly MicroStrategy) is back in the headlines after splashing massive cash to secure a new batch of Bitcoin tokens for the second consecutive week.

Revealing the latest development on Friday, Strategy’s executive chairman, Michael Saylor, confirmed that the firm had secured 15,355 BTC, which is valued at $1.42 billion.

This new acquisition adds to Strategy’s recent weekly and monthly streak, following a persistent double-down on Bitcoin. The firm has now acquired Bitcoin for the second week in a row and the third time in the past five weeks.

Strategy’s Latest Bitcoin Purchase

Further disclosing details of the latest purchase, Saylor said that it acquired the fresh rounds of 15,355 BTC at an average price of $92,737 per coin, bringing its dollar-cost-averaged (DCA) Bitcoin cost to $68,459.

Moreover, today’s announced acquisition, which was anticipated following Saylor’s “green dot” tweet on Sunday, expands the depth of Strategy’s Bitcoin holdings to 553,555 BTC, or $52 billion.

This latest move also extends Strategy’s position as the largest public firm holding the pioneering cryptocurrency. For context, it now holds second-place Marathon Digital by 505,955 BTC and third-place Twenty One Capital by 522,055 BTC, according to data from BitcoinTreasuries.

However, it is important to note that Strategy's BTC yield now stands at 13.7% year-to-date, as its Bitcoin bet continues to pay off, the firm noted.

According to analysis by The Crypto Basic, Strategy spent $37.90 billion to acquire the stash, and with its current valuation of $52 billion, it is sitting on an unrealized profit of $14 billion.

Strategy Acquiring Bitcoin at Unreal Pace

Meanwhile, last week's 15,355 BTC ($1.42 billion) purchase further confirms a pattern noted by verified CryptoQuant contributor J.A. Maartunn.

In a Monday tweet, Maartunn highlighted that Strategy has always gone big on their purchases at the end of the month, as seen in the last three purchases.

For perspective, Strategy bought 20,365 BTC ($1.99 billion) and 22,048 BTC ($1.92 billion) in the last weeks of February and March, with today's purchase strengthening the argument.

However, in between the hefty Bitcoin buys, Strategy never purchased more than 7,000 BTC, which may indicate that they prefer to buy in bulk at the end of the month and smaller batches in between.

This analysis aligns with Maartunn's observation that Strategy is buying in "big tranches at the end of the month and smaller tranches in between."

Pointing out the impact of Strategy's persistent Bitcoin purchasing, author of Bitcoin Age and The Great Harvest, Adam Livingston, noted that the business development firm is synthetically halving Bitcoin with its unrealized accruals.

Highlighting that most people believe the Bitcoin supply curve is sacred, fixed, and untouchable, Livingston asserted that it's an illusion.

According to the author, Strategy is manually rewriting Bitcoin's scarcity schedule with its actions.

While miners are producing 450 BTC per day and 13,500 BTC per month following the 2024 halving, Strategy has been scooping up a good portion of these new bitcoins, effectively reducing the available supply.

suggesting that if this continues, Strategy would be inducing halving manually and spurring a supply shock.