Strategy Marks Fifth Anniversary with Notable Bitcoin Purchase

By: Eva Baxter

Strategy, recognized as the globe's largest public holder of Bitcoin, has further solidified its position by purchasing 155 BTC for a notable $18 million, marking its five-year anniversary of Bitcoin acquisition. This acquisition was executed at an average price of $116,401 per bitcoin, amounting to an impressive 25% yield year-to-date on the company's Bitcoin assets.

Since their inaugural purchase on August 11, 2020, where Strategy bought 21,454 BTC for $250 million at an average of $11,652.84 per coin, the firm has continued to expand its holdings. The cumulative acquisitions now total 628,946 BTC acquired for approximately $46.09 billion, averaging $73,288 per bitcoin. With Bitcoin's current trading at around $120,230, Strategy's holding now reflects a market value of approximately $75.6 billion, a 63.5% increase above the purchase cost, which constitutes a nearly $29 billion rise.

This significant milestone is emblematic of Strategy's pioneering approach to Bitcoin as a primary treasury reserve. The adoption strategy has seen a remarkable success, generating over $46 billion through BTC-backed equity and credit mechanisms, delivering a 100% annual return—outperforming every S&P 500 stock within the same timeframe.

The firm's audacious decision has inspired a global shift, seeing countries like Japan embrace a similar strategic outlook on Bitcoin. Metaplanet CEO Simon Gerovich has lauded Strategy’s influential role in the corporate adoption of Bitcoin, emphasizing the pioneering courage and conviction necessary during its fortified strategy. This collaborative inspiration is noted for proving that Bitcoin can not only transform a balance sheet but positively impact economic ecosystems at a global scale.