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Julia Smith
Author
Julia Smith
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Strategy has acquired nearly 14,000 Bitcoin in its latest buy-up of the cryptocurrency, trusting Michael Saylor’s vision even as prices flicker after the tariff truce. The purchase, which was announced by Saylor on Monday, pushes Strategy’s stash past half a million coins, daring regulators and markets alike.
Strategy Continues Dramatic Bitcoin Acquisition
According to a May 12 filing with the United States Securities and Exchange Commission (SEC), the Virginia-based software firm purchased 13,390 Bitcoin at $99,856 per coin for a total of $1.34 billion.
The company currently holds 568,840 $BTC acquired for $39.41 billion at $69,287 per Bitcoin, a May 12 X post from Saylor states.
Strategy has long been known for its controversial Bitcoin acquisition strategy, with Saylor launching the organization’s Bitcoin buy-up back in 2020.
News of Strategy’s latest purchase comes just after crypto markets surged following an announcement from the White House that the United States and China will enact a three-month pause on current tariffs in hopes of finding a long-term solution.
“For too long, unfair trade practices and America’s massive trade deficit with China have fueled the offshoring of American jobs and the decline of our manufacturing sector,” a Monday press release from the White House reads.
“In reaching an agreement, the United States and China will each lower tariffs by 115% while retaining an additional 10% tariff during the period of the pause,” the statement continues.
Michael Saylor’s Bitcoin Buy-up Continues
Despite rallying above $105,000 briefly on May 12, the cryptocurrency has since dropped more than 1.5%. Strategy briefly suspended purchases of the cryptocurrency earlier this year after the launch of Trump’s “Liberation Day” tariffs that saw global markets collapse into chaos.
However, a May 1 X post from Saylor indicates that the Bitcoin treasury company is up by more than 3,000% since “adopting the Bitcoin standard.”
Saylor has also advocated for establishing clear crypto policies stateside, attending the White House’s Crypto Summit back in March.
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