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Strategy to Buy Back Thousands of Bitcoin Worth US$449 Million
Strategy to purchase 4,048 Bitcoin worth US$449.3 million at a price of US$110,981 per coin, Tuesday (/09). The acquisition was made after the business intelligence company raised US$2.5 billion from its fourth preferred stock, STRC, making it an initial public offering.
The purchase has made Michael Saylor's company now own 636,505 Bitcoin, which were bought for approximately US$46.95 billion at an average price of US$73,765 per coin. Throughout the year 2025 until July 30, they have recorded a yield of (yield) Bitcoin of 25.7%.
Previously, Saylor predicted that Bitcoin would reach US$21 million by 2046, Saturday (/06). He has always been with this asset, even when its price plummeted to US$16,000 during the last crypto winter, but Donald Trump's victory last November brought a major change in this industry.