Business · Fortune Technology
Bitcoin drives back toward $80K—but one billionaire may be fueling much of the rally
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Bitcoin’s price has climbed roughly 15% over the past month, and crossed above $79,000 over the weekend.
Key facts
- But Strategy’s pace of Bitcoin acquisition slowed last week, when the firm acquired 3,273 Bitcoin for $255 million
- Bitcoin’s price has climbed roughly 15% over the past month, and crossed above $79,000 over the weekend
- Strategy acquired over 100,000 Bitcoin in March and April, worth over $7.7 billion at current prices
- The product, which was launched by Saylor’s firm in July 2025, pays an 11.5% dividend, and Strategy buys Bitcoin with the proceeds from selling STRC
Summary
Markets more broadly have enjoyed a bullish April, with the S&P 500 enjoying a nearly 9% gain, but Bitcoin investors may have gotten an extra boost thanks to billionaire Michael Saylor. Strategy acquired over 100,000 Bitcoin in March and April, worth over $7.7 billion at current prices. But Strategy’s pace of Bitcoin acquisition slowed last week, when the firm acquired 3,273 Bitcoin for $255 million. Strategy also recently proposed a move to begin making dividend payments twice per month, rather than monthly, partly in an effort to spread out the company’s Bitcoin purchases more evenly throughout the month.