Michael Saylor’s Strategy Buys $1.42 Billion Bitcoin As Crypto Fear & Greed Index Turns Bullish

The information provided on Inside Bitcoins is for educational and informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and investing in digital assets carries significant risk. No profits are guaranteed, and you may lose some or all of your investment. Always invest responsibly and only with funds you can afford to lose.

Bitcoin
Bitcoin

Join Our Telegram channel to stay up to date on breaking news coverage

Michael Saylor’s Strategy announced it had bought $1.42 billion worth of Bitcoin just as the Crypto Fear and Greed Index flipped to “Greed,” signaling a bullish shift in sentiment.

In an April 28 announcement, Strategy said it acquired 15,355 Bitcoin between April 21 and 27 at an average purchase price of $92,737 per BTC. Since the massive Bitcoin buy, which is the firm’s largest since late March, the price of Bitcoin has risen to trade at $94,495.11 as of 1:10 a.m. EST.

The move comes just ahead of Wednesday’s release of US Core Personal Consumption Expenditures (PCE) data, a key measure of inflation that may give clues about how much room the Fed has to adjust interest rates.

Strategy

Strategy Bitcoin Yield At 13.7%

The latest Bitcoin buy has increased Strategy’s total BTC holdings by around 3%, pushing the total amount of coins to 535,555 BTC. 

Saylor announced the Bitcoin acquisition in an X post, and said the firm has achieved a BTC yield of 13.7% year-to-date. 

“As of April 27, we hodl 553,555 BTC acquired for approximately $37.90 billion at $68,459 per Bitcoin,” Saylor said.

That was after the company’s BTC yield, which represents the percentage change of the ratio between Strategy’s holdings and assumed diluted shares, reached 74% last year. Strategy is now aiming for a BTC yield of 15% in 2025.

Crypto Fear And Greed Index Shows Bullish Sentiment

While Saylor and Strategy double down on Bitcoin, sentiment in the broader crypto market has undergone a bullish shift, with the Crypto Fear and Greed Index shifting from a “Neutral” score of 54 to a “Greed” reading of 60 in the past 24 hours.

Related Articles:

Best Wallet - Diversify Your Crypto Portfolio

Our Rating

Best Wallet
  • Easy to Use, Feature-Driven Crypto Wallet
  • Get Early Access to Upcoming Token ICOs
  • Multi-Chain, Multi-Wallet, Non-Custodial
  • Now On App Store, Google Play
  • Stake To Earn Native Token $BEST
  • 250,000+ Monthly Active Users
Best Wallet

Join Our Telegram channel to stay up to date on breaking news coverage

Read next