Michael Saylor’s Strategy has acquired an additional 196 BTC for approximately $22.1 million, at an average price of $113,048 per coin last week, according to a company update on Saturday. The latest purchase increased Strategy’s total holdings to 640,031 BTC, acquired at a cumulative cost of $47.35 billion, roughly $73,983 per coin.
The announcement follows recent remarks from Saylor, who described Bitcoin as the “next frontier” for corporate treasuries. Citing its programmable nature, Saylor contrasted Bitcoin’s utility with the logistical burdens of gold. “You can’t teleport gold,” he noted, pointing to Bitcoin’s increasing adoption as a treasury asset amid global market uncertainty.
Bitcoin raising grounds in corporate treasury
While gold recently reached new highs, Saylor’s view reflects a broader pivot among institutions toward Bitcoin. As per the data available on the BitcoinTreasuriesmore than 190 publicly listed firms now own BTC, with total corporate ownership surpassing 1.5M coins. ETFs from BlackRock and others continue absorbing supply, tightening availability.
Strategy’s aggressive accumulation mirrors recent activity from other global players. Japan’s Metaplanet added $632 million in BTC to its reserves this month, and Brazil’s OranjeBTC acquired 3,650 BTC for $385 million, becoming Latin America’s largest public Bitcoin treasury firm.Bitcoin is trading at $113,229, up 0.38% in the last 24 hours, according to CoinMarketCap. With BTC’s price still over 50% above Strategy’s average entry, Saylor’s long-term thesis appears intact, even as volatility persists.
Also read: Saylor Compares Bitcoin and S&P 500 for Long-Term Investors
