RSS News Feed

Technique Buys $1.34B in Bitcoin as Holdings High 568K BTC – Bitbo


Key Takeaways

  • Technique purchased 13,390 Bitcoin for $1.34 billion between Might 5–11.
  • The acquisition pushed Technique’s whole holdings to 568,840 BTC at a median value of $69,287.
  • The agency surpassed its 2025 Bitcoin Yield goal of 15% and raised the aim to 25%.

Michael Saylor’s agency Technique has acquired 13,390 extra Bitcoin between Might 5 and Might 11, spending $1.34 billion at a median value of $99,856 per coin.

The most recent buy pushed the agency’s whole holdings to 568,840 BTC, valued at roughly $58.5 billion at present costs.

SEC submitting & market influence

The acquisition, disclosed in a Might 12 SEC submitting, got here as Bitcoin climbed again above $100,000 on Might 8.

It elevated Technique’s whole Bitcoin reserves by 2.4%, with the agency’s common buy value now at $69,287 per BTC.

Bitcoin yield & future targets

Following the purchase, Technique’s Bitcoin Yield — the p.c change in BTC holdings per diluted share — rose to fifteen.5%, surpassing its earlier 2025 goal of 15%.

The agency has since up to date its annual aim to 25% as of early Might.

Market reactions & criticism

Saylor mentioned in a publish on X:

We achieved our 2025 Bitcoin Yield goal of 15.5%.

Regardless of the milestone, some critics stay cautious.

Longtime Bitcoin skeptic Peter Schiff responded, warning that Technique’s rising common price may expose it to vital draw back threat.

He added {that a} market correction may flip paper losses into “enormous actual losses.”

Schiff mentioned:

Your subsequent purchase will possible push your common price above $70,000.

Future capital plans

On Might 1, Technique revealed plans to double its capital elevate to $84 billion — cut up evenly between fairness and fixed-income — to fund additional Bitcoin acquisitions.

Bitbo Dashboard → / Unique Article



Source link