Strategy Buys $1.42B Bitcoin As Greed Index Turns Bullish

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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 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.

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