Michael Saylor’s enterprise, recognized as the largest corporate holder of Bitcoin globally, disclosed its most recent BTC acquisitions following a brief period where the cryptocurrency’s price dipped to approximately $103,000 last week.
Between May 26 and May 30, MicroStrategy acquired 705 Bitcoin for a total of $75.1 million, as announced on June 2. The purchases were executed at an average price of $106,495 per Bitcoin, during a week when the digital asset’s value declined from $110,000 on Monday to a low of $103,400 by the weekend.
This latest purchase marks the firm’s final Bitcoin acquisition in May, increasing MicroStrategy’s total holdings to approximately 580,955 BTC, acquired at an average cost of around $70,023 per coin, totaling roughly $40.7 billion.
Year-to-Date Bitcoin Returns Reach 16.9%
With this recent addition, MicroStrategy has marginally boosted its Bitcoin return rate, which reflects the percentage increase in the value of its Bitcoin portfolio over a specific period.
According to MicroStrategy’s data, the 365-day Bitcoin yield now stands at 16.9%, a slight rise of 0.1% from the previous week’s report following the latest purchase. The quarterly yield has also increased to 5.4%.
MicroStrategy aims to achieve a Bitcoin yield of 25% for the year 2025. The company initially targeted a 15% yield but raised this goal on May 1, reflecting its aggressive strategy to maximize Bitcoin’s growth potential.
Related: MicroStrategy’s Michael Saylor hints at an upcoming Bitcoin surge
Leadership Sells Shares Amid Bitcoin Purchases
Following the recent Bitcoin acquisitions, MicroStrategy’s CEO, Michael Saylor, saw a notable sale of Class A shares by board member Jarrod Patten. According to a securities filing on May 30, Patten sold 3,750 shares between May 22 and May 29, valued at nearly $1.4 million.
Following these sales, MicroStrategy’s stock, traded under the ticker MSTR, experienced downward pressure, briefly falling below $360 on May 28 and May 30.
Despite this dip, TradingView reports that the stock closed the week at $369, although it was trading approximately 1.6% lower in pre-market trading. Over the past year, MicroStrategy’s shares have appreciated by about 23%, with an impressive 123% increase over the last 12 months.
Industry analysts, including Jeff Walton, suggest that Saylor’s company is strategically positioned to become the leading publicly traded company in the market, largely due to its substantial Bitcoin holdings. At present, MicroStrategy owns nearly 581,000 BTC, representing about 2.9% of all Bitcoin mined to date.
Additional reading: Bitcoin’s potential to reach $200,000, GameStop’s first Bitcoin purchase, and more insights in Hodler’s Digest, May 25-31
