Michael Saylor still hits hard. The boss of Strategy has just bought 13,390 additional bitcoins for $ 1.34 billion, strengthening his domination in the institutional market. Next step? Raise $ 84 billion to continue its purchasing frenzy. A strategy that fascinates as much as it worries financial experts.
In short
- Microstrategy acquires 13,390 bitcoins for $ 1.34 billion.
- The company now holds 568,840 BTC, valued at more than 39.4 billion.
- Bitcoin yield of microstrategy reaches 15.5 %, exceeding the initial target.
- Peter Schiff warns against the risks of this debt strategy.
Michael Saylor continues his Bitcoin offensive with a record purchase
The Michael Saylor firm announced the acquisition of 13,390 bitcoins for $ 1.34 billion, according to a document deposited with the SEC on May 12.
This operation, carried out between May 5 and 11, was carried out at an average price of 99,856 dollars by Bitcoin, while the crypto had just crossed the psychological bar of 100,000 dollars.
This new acquisition is the total stratute reserves at 568,840 BTC, acquired for around 39.4 billion dollars. The average acquisition price is now 69,287 dollars per room.
Even more remarkable, the company has achieved its Bitcoin yield target of 15.5 %, initially set for the entire year 2025.
Faced with this performance, Saylor immediately raised the bar, now targeting a yield of 25 % for 2025. An ambition which testifies to his unshakable confidence in the Bitcoin trajectory.
Between admiration and skepticism
If Microstrategy's strategy fascinates, it also arouses harsh criticism. Peter Schiff, notorious detractor of Bitcoin, is concerned about the constant increase in the average cost of acquisition.
“” Your next purchase will probably push your average cost over $ 70,000 “, He warned on X, predicting that the next decrease will transform ” Small losses on paper with actual colossal losses ».
This warning comes while Strategy plans to raise an additional $ 84 billion (42 billion in shares and 42 billion in bonds) to buy even more bitcoin. A strategy so aggressive that even Coinbase, yet a major actor of the crypto, has chosen to stick to distance.
However, the institutional enthusiasm on Bitcoin remains massive: more than 13,000 institutions and 814,000 individuals hold strategy shares, while 55 million people are indirectly exposed to it via ETF and pension funds.
In short, Saylor's strategy, by systematically converting stock market capital into Bitcoin, creates constant purchase pressure. If other nasdaq giants follow suit, some analysts project a bitcoin between 250,000 and 300,000 dollars by the end of 2025. A scenario that would definitively upset the balances between traditional finance and crypto-economy.
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