- Strategy’s Bitcoin holdings surpass $50 billion for the first time, cementing its dominance in the crypto space
- Strategy’s stock outperformed Bitcoin by 57% since April 7, showcasing its market strength
- The company achieved a Bitcoin yield of 12.1% year-to-date, reflecting its aggressive accumulation strategy
On April 21st, Michael Saylor announced a major $BTC acquisition by his company “Strategy”, scooping up another 6,556 BTC (~$556 million) at around $84,785 per coin. The firm is now at a BTC yield of 12.1% year-to-date, holding the whopping amount of $36.47 billion in BTC.
The average price of each bitcoin Strategy acquired is at $67,766 per coin. With the currency currently trading at the $94,000 level, this means the firm is sitting on a substantial unrealized profit of approximately $26,234 per Bitcoin.
Strategy Crosses the $50 Billion in BTC Mark
With its latest Bitcoin acquisition, MicroStrategy has surpassed the $50 billion milestone in BTC holdings, making it the largest corporate holder of Bitcoin. While it is true that ETFs reached that level first, Strategy as a standalone entity continues to cement its dominance as an institutional Bitcoin heavyweight.
MSTR Outperforming Bitcoin By 57%
Due to its close ties to the crypto, many in the market argued that Strategy’s stock (MSTR) behaved similarly to Bitcoin, to the point of being considered an unofficial tracker of the world’s largest digital asset.
However, MSTR has not only behaved similarly to Bitcoin in April, but managed to run loops around it when it comes to market performance. Since their respective bottom on April 7–8, $BTC went up by around 19% in value, while MSTR gained almost 30%.
This means that Strategy managed to outgrow Bitcoin by 57.8%, an even more impressive feat considering April’s financial market meltdown.
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