The American company Strategy has once again shown its confidence in Bitcoin (BTC). The company bought another 220 BTC this week, worth about $27.2 million. This occurred at an average price of $123,561 per coin. This brings Strategy’s total assets to 640,250 Bitcoin, good for a market value of more than $73 billion.
Bitcoin purchase financed through equity programs
The new purchase was made possible through the so-called At-The-Market (ATM) programs. With these programs, the company sells shares and immediately uses the proceeds to buy more Bitcoin. Recent filings show that Strategy raised a total of $27.3 million through three of these programs – STRF, STRK and STRD.
The majority came from the STRF program. This was good for $19.8 million in revenue. The STRK and STRD programs raised $1.7 and $5.8 million, respectively. With this strategy, the company continues its policy of converting part of its capital directly into digital assets.
According to the latest update, Strategy now owns 640,250 BTC. These were purchased for a total of $47.38 billion at an average purchase price of $74,000 per Bitcoin. This makes the company the largest public Bitcoin holder worldwide. This is still well ahead of any other company or fund that uses the cryptocurrency as a reserve asset.
Michael Saylor remains loyal to Bitcoin
Executive chairman Michael Saylor, the face behind the aggressive purchasing strategy, has been known for years as an outspoken Bitcoin proponent. Earlier this month, he shared the message “Don’t Stop Believin’” on X – a clear reference to his steadfast view on Bitcoin. This is true even in times of volatility.
The tweet quickly went viral among crypto investors. They saw the message as a sign that Strategy will not change its course. Since the beginning of 2025, the company has achieved a return of 25.9 percent on its Bitcoin position, according to its own figures. This amounts to billions in unrealized profits.
Source: https://newsbit.nl/dont-stop-believin-michael-saylor-koopt-opnieuw-bitcoin/
