Strategy continues to grow its Bitcoin reserves with an acquisition of nearly $1.5 billion worth of the cryptocurrency, founder Michael Saylor shared in a Monday X post.Strategy Continues Dramatic Bitcoin BuyupAccording to an April 28 filing with the United States Securities and Exchange Commission (SEC), the Virginia-based software firm purchased 15,355 worth of Bitcoin valued at $92,737 each for a cumulative total of $1.42 billion. $MSTR has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025. As of 4/27/2025, we hodl 553,555 $BTC acquired for ~$37.90 billion at ~$68,459 per bitcoin. https://t.co/5OOs3UdWLg— Michael Saylor (@saylor) April 28, 2025 The company’s latest acquisition puts its Bitcoin holdings at 553,555, worth a total of $37.90 billion, acquired at an average of $68,459 per coin.Just last week, Strategy announced it had purchased a little more than $555 million worth of Bitcoin after briefly pausing acquisitions of the cryptocurrency earlier this month as global markets grappled with U.S. President Donald Trump’s “Liberation Day” tariff policies.Despite the weakening of the U.S. dollar, Bitcoin has seen a relative boost in recent days – hovering around $94,000 as of Monday afternoon.Michael Saylor Praises Trump’s New SEC PickSaylor, who led Strategy’s initial buyup of Bitcoin back in 2020, has long believed in Bitcoin’s potential.“When banks finally bless Bitcoin and the experts agree it’s a good idea, everyone will want to buy it, no one will need to sell it, and you won’t be able to afford it,” he said in an April 28 X post.Most recently, Saylor praised newly confirmed SEC chair Paul Atkins, calling him “good for Bitcoin.”Atkins, who is reported to hold up to $6 million in cryptocurrency himself, has promised to usher in a fair regulatory framework for digital assets.“Through a rational, coherent, and principled approach, we will work to ensure that the United States is the best and most secure place in the world to do business,” Atkins said during his swearing-in ceremony at the White House last week.Just exactly what those regulations will look like or how they will impact Bitcoin’s value is still unclear.The post Strategy Snaps Up $1.42 B Bitcoin; Holdings Hit $37.9 B Record appeared first on Cryptonews.

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