Michael Saylor’s Strategy Makes Smallest Bitcoin Purchase on Record

Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, has announced its smallest Bitcoin purchase to date. Despite the price of Bitcoin dipping to multi-month lows below $80,000, Strategy’s most recent acquisition marks a significant shift in its typical buying patterns.

On March 17, Strategy disclosed the purchase of 130 Bitcoin (BTC) for approximately $10.7 million in cash, with an average purchase price of around $82,981 per BTC. This acquisition is notably smaller than previous purchases, making it the smallest Bitcoin buy ever recorded by the firm.

New Acquisition Made Through STRK ATM Program

The recent Bitcoin purchase was funded through the proceeds from Strategy’s new capital-raising initiative, the “STRK ATM” program. This program is designed to help raise up to $21 billion in fresh capital to fund further Bitcoin acquisitions. The latest buy is part of Strategy’s ongoing efforts to bolster its Bitcoin holdings, though this particular purchase is considerably more modest than the company's past buys.

Strategy’s Bitcoin Holdings Approach Half a Million BTC

With this latest acquisition, Strategy now holds a total of 499,226 BTC, acquired at an aggregate purchase price of approximately $33.1 billion, resulting in an average purchase price of around $66,360 per Bitcoin, including fees and expenses. The firm is now just 774 BTC shy of reaching the milestone of 500,000 BTC in its holdings.

A Significant Shift in Strategy’s Bitcoin Purchases

Strategy’s most recent Bitcoin acquisition comes at a time when the cryptocurrency market is experiencing volatility. Bitcoin's price recently fell below $80,000, a level not seen in months. This sharp dip in price has led to a notable decline in the company’s Bitcoin yield, which now stands at 6.9%. This figure is a far cry from Strategy’s 15% yield target for 2025, suggesting that the firm may be reevaluating its purchasing strategy.

Before the March 17 purchase, Strategy’s smallest recorded acquisition was in August 2024, when it bought 169 Bitcoin. This was a significant drop compared to its previous buys, which often involved much larger sums of Bitcoin.

Strategy's Long-Term Vision

Despite the recent drop in Bitcoin’s price, Michael Saylor’s Strategy continues to maintain its long-term commitment to Bitcoin, underscoring its confidence in the cryptocurrency as a store of value. The firm’s smaller recent purchase, however, suggests a more cautious approach to acquiring BTC in the face of current market conditions.

As the company moves closer to its goal of holding 500,000 BTC, it remains to be seen whether future purchases will follow this more conservative trend or if it will return to its previous aggressive buying strategy. For now, Strategy’s latest acquisition signals a new chapter in its Bitcoin journey.