Crypto Fund Gobbles Up 13,390 Bitcoin—YTD Returns Now Smashing 15.5%

Another day, another institutional whale swallowing Bitcoin whole. This time it’s a single strategy snapping up enough BTC to make El Salvador blush—13,390 coins at today’s prices would make a $500M+ bet. Who needs diversification when you’ve got diamond hands?

Year-to-date yields for the fund now sit at 15.5%, outperforming most hedge funds still playing with legacy assets. Guess those ’risky crypto’ narratives aren’t aging well.

Wall Street analysts remain unimpressed—probably too busy calculating their 2% management fees on underperforming bond portfolios.

Strategy, the biggest corporate holder of Bitcoin ($BTC), has recently carried out another large acquisition. This time, Strategy has obtained a total of 13,390 $BTC, elevating the year-to-date yield of the company to a notable 15.5%. This acquisition further fortifies the company’s confidence in the long-term potential of the flagship cryptocurrency.

Strategy Buys $1.34B in Bitcoin, Increasing Year-to-Date Yield to Significant 15.5%

In its recent K-8 filing, Strategy has disclosed the buyout of up to $1.34B in bitcoin ($BTC). This denotes the inclusion of 13,390 $BTC into the existing Bitcoin holdings of Strategy between the 5th and 11th of May. This acquisition accounted for an average per-Bitcoin price of nearly $99,856. The cumulative investment for the respective acquisition is almost $1.34B while including expenses and fees.

Strategy has reportedly funded this buyout from the current at-the-market equity offerings thereof. As a result of this acquisition, the cumulative $BTC holdings of Strategy have touched $39.41B. Particularly, this amount includes 568,840 $BTC. On average, this figure highlights a per $BTC average value of $69,287. Thus, the year-to-date yield of Strategy has now risen to 15.5%.

Platform Continues Bitcoin Buyouts, Reinforcing Confidence in Flagship Crypto Asset

Strategy’s Bitcoin buyout spree is continuously furthering, aligning with the increasing institutional interest in the crypto market. With approximately $20B even now available in equity for issuance, Strategy seems to continue the broad $BTC accumulation campaign thereof. In the meantime, the impact of this large buyout on the market remains to be seen.