Michael Saylor's Strategy acquired 1,895 BTC between April 28 and May 4, 2025. The company disclosed the purchase in an update released on May 5. The total cost of the acquisition was $180.3 million, with an average price of $95,167 per Bitcoin.

Meanwhile, BTCUSD appears to be forming a double bottom on the H1 chart. The price has been in a downtrend for some time, respecting a descending trend line. However, it bounced around the 94,000 level earlier today.

As of writing, it has made another bounce, followed by a bullish engulfing candle. A break above the 94,800 level could push the price higher. The bearish trend line remains intact. A breakout above this line may support a further bullish move.

Strategy's Bitcoin Holdings Reach 555,450 BTC

This purchase adds to Strategy’s growing Bitcoin holdings. As of May 4, 2025, the company holds 555,450 BTC in total. The aggregate purchase price of these holdings is $38.08 billion. The average purchase price stands at $68,550 per BTC.

The company said the recent purchases were funded through proceeds from its 2024 Common ATM and STRK ATM offerings. Strategy noted that all figures include fees and other associated costs.

Source: Finance Magnates