‘Back to work’: Michael Saylor’s Strategy buys 535 bitcoin for $43 million after brief pause as total holdings hit 818,869 BTC
The Block
Strategy acquired 535 additional bitcoin for $43 million, bringing its total treasury holdings to 818,869 BTC.Summary
Strategy has resumed its bitcoin accumulation, purchasing 535 BTC for approximately $43 million between May 4 and May 10. This acquisition brings the company's total holdings to 818,869 BTC, valued at roughly $66.5 billion. The purchase follows a brief pause during the company's first-quarter earnings release, where it reported a $12.5 billion net loss due to unrealized markdowns on its bitcoin assets. Executive chairman Michael Saylor clarified that while the firm may sell small portions of bitcoin to fund dividends for its preferred STRC shares, it remains a net accumulator, consistently buying back significantly more than it potentially sells.
(Source：The Block)