Michael Saylor’s Strategy Acquires $555 Million in Bitcoin, Holding 538,200 BTC

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

COINOTAG reported on April 21st that Michael Saylor, founder of Strategy (previously recognized as MicroStrategy), made a significant announcement on the X platform. The company has successfully acquired an impressive total of approximately $555.8 million in Bitcoin, purchasing 6,556 BTC at an average price of roughly $84,785 per Bitcoin. This strategic investment marks a pivotal moment for Strategy as they navigate the evolving cryptocurrency landscape.

As of April 20, 2025, the company’s holdings now encompass a staggering 538,200 BTC, reflecting not only Saylor’s confidence in Bitcoin but also the firm’s commitment to digital assets. Notably, a remarkable yield of 12.1% has been reported on their Bitcoin investments, further establishing Strategy as a formidable player in the crypto sector. This acquisition highlights the increasing institutional interest in Bitcoin and underscores the potential for substantial returns in the cryptocurrency market.