Michael Saylor’s Strategy Buys $110 Million Worth of Bitcoin

Michael Saylor announced that Strategy has made yet another considerable Bitcoin buy, adding 1045 BTC to its stash.

The company spent approximately $110.2 million at $105,426 per coin. Year-to-date, Strategy has achieved a BTC yield of 17.1% and as of yesterday, it holds 582,000 BTC acquired for $70,086 each, currently worth almost $41 billion.

The most recent purchase doesn’t really come as a surprise as the company has virtually created a BTC playbook for diversifying corporate treasuries with the leading digital asset.

This move reaffirms Saylor’s growing positivity on the asset. Recall that he’s a firm believer that Bitcoin will reach a price of $1 million once Wall Street firms start allocating just 10% of their reserves into it.

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