Strategy celebrates 5 years of Bitcoin success with $18M BTC purchase

Strategy, the world’s largest firm holder of Bitcoin, has expanded its treasury with the acquisition of 155 BTC for $18 million.

The acquisition, announced connected Aug. 11, came astatine an mean terms of $116,401 per coin, marking a 25% year-to-date output connected the company’s Bitcoin presumption successful 2025.

Notably, this is Strategy’s second-smallest acquisition of the year, pursuing its March bargain of 130 BTC.

According to the filing, the steadfast funded the August acquisition done at-the-market income of 115,169 Strife (STRF) banal shares. The institution inactive has implicit $47.7 cardinal worthy of shares authorized for issuance, providing ample capableness for aboriginal Bitcoin buys.

Following this purchase, Strategy holds 628,946 BTC, acquired astatine $46.09 billion, averaging $73,288 per coin.

With Bitcoin presently trading astir $120,230, the stash is valued astatine astir $75.6 billion, reflecting a 63.5% summation and astir $29 cardinal supra the outgo basis.

Strategy marks 5 years of Bitcoin purchases

This acquisition coincides with the 5th day of Strategy’s Bitcoin journey.

On Aug. 11, 2020, the company, past known arsenic MicroStrategy, bought its archetypal 21,454 BTC for $250 cardinal astatine an mean terms of $11,652.84.

Since adopting Bitcoin arsenic its superior treasury reserve asset, Strategy has raised $46 cardinal done BTC-backed equity and recognition offerings. The determination has delivered a 100% yearly instrumentality rate, outperforming each S&P 500 banal during the aforesaid period.

Strategy’s Stock Performance Since Bitcoin Adoption successful 2020 (Source: Strategy)

During this period, the Michael Saylor-led firm’s marketplace capitalization has surged from $1.2 cardinal to $118 cardinal successful conscionable 5 years.

Meanwhile, the company’s attack has inspired akin strategies worldwide, including Japan’s Metaplanet.

Speaking connected Strategy’s important relation successful the industry, Simon Gerovich, Metaplanet CEO, praised Saylor and MicroStrategy for the lasting affirmative interaction connected firm Bitcoin adoption worldwide.

He added:

“[They] acted with courageousness and condemnation erstwhile it was acold from easy. Today galore travel the aforesaid path, but backmost past it took content successful the imaginativeness and the volition to lead. Together with Strategy, we person inspired a question of Bitcoin treasury companies, proving Bitcoin tin alteration a equilibrium expanse and positively interaction millions.”

The station Strategy celebrates 5 years of Bitcoin occurrence with $18M BTC purchase appeared archetypal connected CryptoSlate.