Monday, May 12, 2025
Coingeography
  • Home
  • About Us
  • Events List
  • Featured Projects
  • My Account
    Home / News Classic / Blog / Strategy added 13,390 Bitcoin for $1.34B as price topped $100K
Blog
May 12, 2025 by William
Share this:
  • Facebook
  • Twitter
  • Google Plus
  • Pinterest
  • Email to a Friend

Strategy added 13,390 Bitcoin for $1.34B as price topped $100K

Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week.Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm announced in its filing with the US Securities and Exchange Commission published on May 12.The acquisition has increased Strategy’s total Bitcoin holdings by 2.4% to a total of 568,840 BTC, acquired for approximately $39.4 billion at an average price of $69,287 per coin.An excerpt from the Form-8 by Strategy filed on May 12. Source: StrategyThe newly announced purchases were made at an average price of $99,856 per BTC, with Bitcoin reclaiming the psychological mark of $100,000 on May 8.Strategy achieves Bitcoin yield targetFollowing the acquisition, Strategy met its 2025 Bitcoin yield target, co-founder Michael Saylor said in a May 12 post on X. The purchase brought Strategy’s BTC yield — an indicator representing the percentage change of the ratio between its BTC holdings and assumed diluted shares — to 15.5%, Saylor said in a statement on X.Source: Michael SaylorAs previously mentioned, Strategy seeks to maintain the Bitcoin yield target at 15% for the entire 2025 after posting a 74% BTC yield last year.Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

Previous Post
What is RISC-V, and why does Vitalik Buterin want it for Ethereum smart contracts?
Next Post
Nakamoto Holdings merges with KindlyMD to build Bitcoin treasury

Leave a Reply - Cancel reply

You must be logged in to post a comment.

Converter
ADVERTISEMENT
ADVERTISEMENT
MOST READ
Latest
Blog
NYC Mayor doubles down on crypto push ahead of city summit
12 May, 2025
Blog
Price predictions 5/12: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
12 May, 2025
Blog
BlackRock flags quantum computing as risk for Bitcoin ETFs
12 May, 2025
Coingeography
About

Coingeography is web3 new portal powered by Corum8

Contact Us
JBR, Dubai, UAE
Get Direction
[email protected]
Monday - Saturday: 9am - 5pm
Subscribe to Newsletter

    ADVERTISEMENT
    Copyright © 2025 Corum8. All Rights Reserved.