Big Bull Michael Saylor Announces $2.5 Billion Bitcoin (BTC) Deal! “Biggest in Recent Weeks!”

Continuing its weekly purchases, Strategy completed its weekly Bitcoin (BTC) purchase and announced that it bought 34,164 BTC last week.

Accordingly, Strategy purchased 34,164 BTC, worth $2.54 billion, at an average price of $74,395.

Strategy founder Michael Saylor announced the news via a post on his X account.

This purchase is one of the largest the company has made recently, and with this latest acquisition, the amount of Bitcoin held by the company has exceeded 800,000 BTC.

Based on Bitcoin’s fixed supply, the amount held by the company represents more than 3.8% of the final total of 21 million, and at current prices, this translates to a loss of approximately $400 million.

It was also stated that the recent purchases were made using proceeds from sales of Class A common shares (MSTR) and perpetual Stretch preferred shares (STRC) at market price.

Michael Saylor once again hinted at the company’s latest purchase. This time, Saylor gave his usual Sunday hint, updating Strategy’s Bitcoin purchase announcement by saying, “Think bigger.” This announcement suggested a larger purchase than the previous week’s 13,927 BTC.

*This is not investment advice.

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