The strategy of Michael Saylor, the world’s largest public owner of Bitcoin, marks five years since he made his first BTC purchase in August and adopted Bitcoin as a financial asset.
According to a US Securities and Exchange Commission application on Monday, the strategy acquired 155 Bitcoin (BTC) for $18 million in the week that ends Sunday.
According to Coingecko, the strategy’s new Bitcoin purchase averages $116,401 per coin, while BTC is at $114,000 a week, close to its all-time high by Sunday.
The acquisition increased the strategy Bitcoin Holdings to 628,946 BTC, buying it at around $46.1 billion with an average price of $73,288 per coin.
Strategy purchased the first BTC on August 11, 2020
The strategy’s latest Bitcoin acquisition coincides with the fifth anniversary of the BTC Financial Strategy, which began on August 11, 2020, and the $250 million purchase of 21,454 BTC.
Since the strategy’s first purchase of BTC, Bitcoin prices have skyrocketed from around $11,400 to around $120,000 at the time of writing, resulting in a massive return on investment.
Despite the price rise, the strategy previously known as MicroStrategy has never stopped buying BTC. Currently, we have 600,000 BTC, which has earned over 74 purchases.
“If you don’t stop buying bitcoin, you won’t stop making money,” said Saylor, co-founder of the strategy, in a post in X on Sunday.
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In late 2024, Saylor pledged to continue buying Bitcoin no matter how high it is. In June, the strategy co-founder doubled Bitcoin price forecasts, predicting BTC would reach $21 million over the next 21 years.
One of the smallest purchases on record
With the strategy celebrating five years of Bitcoin adoption as a financial asset, its latest buy has disappointed many observers.
“Just 155 BTC? It looks like we need to raise more Fiat,” Coin Bureau founder Nick Paklin commented on Saylor’s post on X.
Although modest, the acquisition of 155 BTC is not the smallest in strategy history, but is very close, especially compared to the purchase of 21,021 BTC in July.
The smallest Bitcoin purchase of the strategy by BTC Volume was in March when 130 BTC was purchased for $10.7 million in cash. The minimum was the $5 million acquisition of BTC in November 2023, according to strategic data.
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