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Strategy Buys 155 BTC To Mark 5-Year Milestone

20h05 ▪ 4 min read ▪ by Luc Jose A.
Getting informed Bitcoin (BTC)

Bitcoin is touching its all-time highs and Strategy is seizing the opportunity to celebrate a milestone : five years of uninterrupted purchases. The global leader among publicly listed companies holding BTC, Michael Saylor’s group commemorates the event with a much more modest acquisition than usual. A symbolic gesture that, in a market hypersensitive to decisions by institutional heavyweights, reignites the debate on the viability of a forced-accumulation strategy, even when prices are flirting with their records.

The CEO of Strategy, in a dark suit, standing behind a large table. On the table, a large birthday cake decorated in white and orange, with five candles shaped like the BTC logo lined up on top. He delicately holds, between the thumb and index finger of his right hand, a small golden Bitcoin coin, proudly presenting it to the viewer.

In brief

  • Strategy (ex-MicroStrategy) celebrates 5 years of its Bitcoin strategy with a new purchase of 155 BTC.
  • The operation, valued at $18M, comes as Bitcoin approaches its historical highs.
  • Michael Saylor reaffirms his intent to accumulate BTC regardless of its price evolution.
  • Since 2020, Strategy holds 628,946 BTC for a total investment of $46.1B.

A modest purchase for a strategic anniversary

While Bitcoin has just crossed the $120,000 mark again, Strategy has acquired 155 bitcoins for a total amount of $18 million, at an average price of $116,401 per unit according to a document filed with the SEC.

The operation took place during last week, a period when BTC moved from about $114,000 to nearly $122,000, thus nearing its records. This movement comes exactly five years after the implementation of its Bitcoin strategy began, launched on August 11, 2020, with the initial purchase of 21,454 BTC for $250 million.

Michael Saylor, co-founder of the company, reaffirmed on social network X : “if you keep buying bitcoin, you will keep making money”.

Here are the key points of this operation :

  • 155 BTC purchased for $18M, an average price of $116,401 per unit ;
  • The acquisition was made while BTC ranged between $114,000 and $122,000, close to its all-time highs ;
  • The purchase took place as part of the commemoration of the fifth anniversary of Strategy’s Bitcoin strategy, initiated on August 11, 2020 with 21,454 BTC for $250M.

Nic Puckrin (Coin Bureau) joked about the small size of the purchase : “only 155 BTC? Looks like you need to raise more fiat”.

https://twitter.com/nicrypto/status/1954879576720523481

An unchanged vision despite soaring prices

Beyond the symbolic nature of the operation, Michael Saylor remains true to a clear guideline: accumulating BTC regardless of market conditions.

Last June, he reiterated his belief “that he will continue to buy bitcoin no matter the value” and predicted that its price could reach 21 million dollars in the next 21 years. This extreme projection illustrates his near-absolute confidence in the asset.

Since August 2020, the strategy has produced spectacular results : the price of bitcoin has jumped about 960 %, from $11,400 to $120,000 at the time of the latest announcement.

On the strength of this performance, Strategy now holds 628,946 BTC, acquired for a total amount of $46.1 billion, at an average price of $73,288 per unit. For Saylor, the approach is not speculative in the short term but fits into a long-term store of value vision, insensitive to bullish or bearish cycles.

While some may be surprised by the small size of this latest purchase, it fits into a logic of regular accumulation where discipline prevails over the occasional size of transactions. Far from an opportunistic coup, this acquisition illustrates the coherence of a strategy that, for five years, has demonstrated its ability to withstand bitcoin volatility due to massive sales and to capitalize on its scarcity.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.