Michael Saylor, co-founder and now Executive Chairman of the world’s largest corporate Bitcoin (BTC) holder, announced his company’s latest acquisition earlier today.
The company has spent $555.8 million to acquire another 6,556 BTC, adding to its holdings that have now ballooned to 538,200 BTC.
As stated in the announcement, the average purchase price for the latest purchases was $84,785 per BTC, indicating that these transactions were made at prices last week as the asset surged past $87,000 earlier today and has remained stable at that level.
In total, the company has allocated approximately $36.47 billion to build its BTC ‘property’, at an average cost of $67,766 per bitcoin. Based on current prices, their unrealized profits are estimated to be around $10 billion.
Interestingly, the company's share price has weathered market pressure triggered by US President Donald Trump's recent tariffs, posting a 4% monthly gain. The stock fell to $230 during a sell-off two weeks ago, but closed near $320 on Friday.
