Saylor’s Strategy Boosts Bitcoin Holdings Past 815,000 BTC | Crypto ETF News
Crypto ETF news: Saylor’s Strategy Boosts Bitcoin Holdings Past 815,000 BTC. This update explains what changed, why it matters for institutional adoption, market flows, and investor sentiment, and what the crypto market should watch next.
Institutional And ETF Update
Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, has blasted past 800,000 BTC in total holdings after announcing its latest purchases.Strategy acquired 34,164 Bitcoin (BTC) for $2.54 billion between April 13 and 19, according to an 8-K filing with the US Securities and Exchange Commission on Monday.The buy ranks as Strategy’s third-largest Bitcoin acquisition on record by coin count, behind purchases of 55,500 BTC and 51,780 BTC in November 2024.Holding around 780,897 BTC after a $1 billion purchase just a week ago, the company now holds 815,061 BTC, purchased for $61.56 billion.Source: SECThe new acquisition was made at an average price of $74,395 per coin, slightly below the company’s average acquisition price of $75,527.Strategy’s STRC funds more than 85% of the purchaseSimilar to a few recent acquisitions, the majority of Strategy’s latest purchase has been funded through Stretch (STRC), the company’s perpetual preferred security.According to the filing, STRC generated $2.18 billion, or about 85.7% of total proceeds, while sales of Class A common stock (MSTR) contributed $366 million.Source: SECLast week marked several new records for STRC, including the company’s largest single-day buying spree through its at-the-market, or ATM, program.On April 13, STRC set a new estimated daily record of about 7,741 BTC, based on the sale of 11.9 million shares through its at-the-market, or ATM, program, generating more than $1 billion in trading volume, according to STRC Live.The stock set another record the following day, with an estimated 9,364 BTC tied to 14.4 million shares sold through its at-the-market, or ATM, program. The two days combined brought an estimated 17,204 BTC, marking a 518% surge versus the four-week average.Related: Bitmine ramps up Ether buys, pushes holdings toward 5% of total supplyStrategy co-founder Saylor had teased the purchase on Sunday, signaling another large bitcoin acquisition ahead of the announcement. The company also disclosed on Friday plans to pay STRC dividends twice monthly.“If we were to move forward with paying STRC semi-monthly, we would be in category one, the only preferred in the world that pays semi-monthly dividends. We think this is unique and attractive,” Strategy CEO Phong Le said.Magazine: Will the CLARITY Act be good — or bad — for DeFi?Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
Why This ETF News Matters
First, this development may affect institutional demand, exchange flows, market liquidity, and broader investor confidence. In addition, it may influence custody trends, fund positioning, and future crypto product approvals. As a result, traders and investors should watch the next moves closely.
What To Watch Next
Watch for filing updates, approval decisions, inflow and outflow data, custody changes, and asset manager commentary. In particular, any new developments involving BlackRock, Grayscale, Fidelity, or major spot ETF products could directly affect the broader crypto market.
