News Michael Saylor’s Strategy makes smallest Bitcoin purchase on record



<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTMzMzAtMzYwNy03YzFhLTg1OGUtNGJjNmY0MzIyNWQz.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTMzMzAtMzYwNy03YzFhLTg1OGUtNGJjNmY0MzIyNWQz.jpg" alt="Michael Saylor’s Strategy makes smallest Bitcoin purchase on record"></p><p>Michael Saylor&rsquo;s Strategy, the world&rsquo;s largest public corporate Bitcoin holder, has announced its smallest Bitcoin purchase on record.<p>Strategy on March 17 officially <a data-ct-non-breakable="null" href="https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blte3ca6b2da8324883/67d794bdcca70a077439f04a/form-8-k_03-17-2025.pdf" rel="nofollow noopener" target="_blank" text="null" title="https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blte3ca6b2da8324883/67d794bdcca70a077439f04a/form-8-k_03-17-2025.pdf">announced</a> its latest 130-Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) acquisition, bought for around $10.7 million in cash, or at an average price of roughly $82,981 per BTC.</p><p>The latest Bitcoin purchase was made using proceeds from the &ldquo;STRK ATM,&rdquo; a new Strategy <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/michael-saylor-strategy-raise-21-billion-purchase-bitcoin" rel="" target="_self" text="null" title="https://cointelegraph.com/news/michael-saylor-strategy-raise-21-billion-purchase-bitcoin">program looking to raise up to $21 billion</a> in fresh capital to acquire more BTC.</p><p>Strategy&rsquo;s new 130-BTC buy is the smallest one ever <a data-ct-non-breakable="null" href="https://www.strategy.com/purchases" rel="null" target="null" text="null" title="null">recorded</a> since the company announced its <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/worlds-biggest-business-intelligence-firm-buys-21k-btc-for-250m" rel="" target="_self" text="null" title="https://cointelegraph.com/news/worlds-biggest-business-intelligence-firm-buys-21k-btc-for-250m">first purchase of 21,454 BTC</a> for $250 million in August 2020.</p><h2>Strategy is 774 BTC away from holding 500,000 BTC</h2><p>With the new purchase, Strategy and its subsidiaries now hold 499,226 BTC, acquired at an aggregate purchase price of approximately $33.1 billion and an average purchase price of around $66,360 per BTC, including fees and expenses.</p><p>After purchasing 130 BTC, Strategy still needs to acquire 774 BTC to reach a total holding of 500,000 BTC.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/0195a418-a81a-740f-b77d-9844fee48da8" title="" alt="Michael Saylor&rsquo;s Strategy makes smallest Bitcoin purchase on record"><figcaption style="text-align: center;"><p><em>Source: </em><a data-ct-non-breakable="null" href="https://x.com/saylor/status/1901606324447646170" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/saylor/status/1901606324447646170"><em>Michael Saylor</em></a></p></figcaption></figure><p>According to the Strategy website, the company&rsquo;s Bitcoin yield now stands at 6.9%, significantly lower than its 15% target for 2025.&nbsp;</p><h2>Smallest buy on record</h2><p>Despite Bitcoin&rsquo;s price falling to multimonth lows below $80,000 last week, Strategy&rsquo;s latest buy is significantly smaller than its most recent purchases, making it the smallest ever announced BTC purchase by the firm.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/strategy-shares-down-30-since-saylor-forbes-cover" rel="" target="_self" text="null" title="https://cointelegraph.com/news/strategy-shares-down-30-since-saylor-forbes-cover"><em><strong>Strategy shares down 30% since Saylor&rsquo;s Forbes cover</strong></em></a></p><p>Prior to the latest purchase, the smallest BTC purchase by Strategy was a 169-BTC purchase in August 2024, <a data-ct-non-breakable="null" href="https://www.strategy.com/purchases" rel="null" target="null" text="null" title="null">according</a> to official records by Strategy.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/0195a418-adec-775a-9d5b-be054418fb36" title="" alt="Michael Saylor&rsquo;s Strategy makes smallest Bitcoin purchase on record"><figcaption style="text-align: center;"><p><em>Strategy&rsquo;s Bitcoin acquisitions in 2025. Source: Strategy</em></p></figcaption></figure><p>So far in 2025, Strategy has acquired 51,656 BTC in seven announced acquisitions.</p><h2>Strategy&rsquo;s &ldquo;BTC $ Gain&rdquo; indicator is 74% away from yearly targets</h2><p>After spending roughly $4.4 billion on its seven Bitcoin purchases in 2025, Strategy recorded a BTC gain value versus the dollar of $2.6 billion year-to-date.</p><p>Strategy&rsquo;s &ldquo;BTC $ Gain&rdquo; indicator, which <a data-ct-non-breakable="null" href="https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt368a52561cca7449/67a3dfb0ecc9d726f4414e72/strategy-announces-fourth-quarter-2024-financial-results-presentation.pdf" rel="nofollow noopener" target="_blank" text="null" title="https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt368a52561cca7449/67a3dfb0ecc9d726f4414e72/strategy-announces-fourth-quarter-2024-financial-results-presentation.pdf">tracks</a> the dollar value of BTC gain calculated based on the market BTC price in a certain period, is now 74% away from the company&rsquo;s target of $10 billion in 2025.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/0195a482-07a9-7118-8a1f-0efc19d4db32" title="" alt="Michael Saylor&rsquo;s Strategy makes smallest Bitcoin purchase on record"><figcaption style="text-align: center;"><p><em>Strategy&rsquo;s 2025 targets and YTD results as of Feb. 2, 2025. Source: Strategy</em></p></figcaption></figure><p>By the end of 2024, Strategy&rsquo;s BTC $ Gain reached $13.8 billion, while the Bitcoin yield hit a massive 74%.</p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/crypto-fans-obsessed-longevity-biohacking-why/" rel="" target="_self" text="null" title="https://cointelegraph.com/magazine/crypto-fans-obsessed-longevity-biohacking-why/"><em><strong>Crypto fans are obsessed with longevity and biohacking: Here&rsquo;s why</strong></em></a><br></p><template data-name="subscription_form" data-type="consulting_newsletter" label="Subscription Form: Consulting Newsletter"></template></p>
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News Wemix denies cover-up amid delayed $6.2M bridge hack announcement



<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWEzM2MtN2QwYy03MTcxLWFhNjAtOTljYmUyODBhOWJk.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWEzM2MtN2QwYy03MTcxLWFhNjAtOTljYmUyODBhOWJk.jpg" alt="Wemix denies cover-up amid delayed $6.2M bridge hack announcement"></p><p>Wemix Foundation CEO Kim Seok-hwan said they had no intention of concealing a hack on its bridge, which led to over $6 million in losses.<p>In a press conference, Kim reportedly <a data-ct-non-breakable="null" href="https://www.yna.co.kr/view/AKR20250317065851017?input=1195m" rel="nofollow noopener" target="_blank" text="null" title="https://www.yna.co.kr/view/AKR20250317065851017?input=1195m">said</a> there was no attempt to cover up the incident, even though the audience pointed out the announcement was delayed.</p><p>On Feb. 28, over 8.6 million WEMIX tokens were withdrawn due to an attack on the platform&rsquo;s Play Bridge Vault, which transfers WEMIX to other blockchain networks. The company only made an official announcement four days after the attack.&nbsp;</p><p>According to Kim, the announcement was delayed due to the possibility of further attacks and to avoid causing panic in the market because of the stolen assets.&nbsp;</p><template data-ct-widget="buzzsprout" data-buzzsprout-podcast-id="2096305" data-buzzsprout-episode-id="16651756"></template><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/south-korea-central-bank-cautious-stance-potential-bitcoin-reserve" rel="null" target="null" text="null" title="null"><em><strong>Bank of Korea to take &lsquo;cautious approach&rsquo; to Bitcoin reserve</strong></em></a></p><h2>Wemix CEO outlines risks of premature announcement</h2><p>Wemix said the hacker broke into their system by stealing the authentication key for the company&rsquo;s service monitoring system of Nile, its non-fungible token (NFT) platform.&nbsp;</p><p>After the theft, the hacker spent two months preparing before randomly creating abnormal transactions. The hackers attempted to withdraw 15 times but only succeeded with 13 withdrawals, taking away 8.6 million WEMIX tokens and selling them in exchanges outside South Korea.&nbsp;</p><p>Kim explained that upon becoming aware of the hack, they immediately shut down their servers and began their analysis.</p><p>The executive added that they filed a complaint against the unidentified hacker with the Cyber Investigation Team of the Seoul National Police Agency. The Wemix CEO said the authorities had already started investigating the matter.&nbsp;</p><p>Kim said that there was a risk in making a premature announcement. The CEO said that in a situation where the penetration method was not identified, they could be exposed to further attacks.&nbsp;</p><p>Kim also reiterated that the market had already seen some impact from the sold assets, and they would risk panic selling if they announced it immediately.&nbsp;</p><p>During the press release, the executive apologized to Wemix investors, saying that the disclosure delay was his call and that he should be held responsible if anything goes wrong.&nbsp;</p><h2>WEMIX token drops 39% amid hack announcement</h2><p>Despite the attempt to avoid causing market panic, the WEMIX token dropped by nearly 40% from the day of the exploit to March 4, when the company finally announced the hack.&nbsp;</p><p>The price went from $0.70 on Feb. 27 to a low of $0.52 on Feb. 28. The price went down to $0.42 on March 4. At the time of writing, the crypto asset trades at $0.58, which is still 17% below its pre-hack price.&nbsp;</p><figure><img alt="Wemix denies cover-up amid delayed $6.2M bridge hack announcement" src="https://s3.cointelegraph.com/uploads/2025-03/0195a361-9f99-762b-a83e-5855d2f4e3b1" title=""><figcaption style="text-align: center;"><p><em>WEMIX token price chart. Source: CoinGecko</em></p></figcaption></figure><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/china-crypto-counterfeit-japans-stablecoin-push-asia-express/" rel="null" target="null" text="null" title="null"><em><strong>Ridiculous &lsquo;Chinese Mint&rsquo; crypto scam, Japan dives into stablecoins: Asia Express</strong></em></a></p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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