Strategy, formerly known as MicroStrategy, announced the acquisition of 6,911 Bitcoin for $584.1 million, raising its total holdings to over 506,000 BTC.
Details of the New Purchase
According to a filing with the US Securities and Exchange Commission, Strategy acquired this batch of Bitcoin at an average price of $84,529 per BTC. At the time of publication, Bitcoin was trading at $87,500.
Financial Performance and Strategy
As of March 23, 2025, Strategy holds 506,137 BTC acquired for roughly $33.7 billion at an average price of $66,608 per Bitcoin. According to Bitcoin Treasuries, Strategy now controls over 2.3% of BTC supply in circulation.
Future Investment Plans
The company recently announced plans to raise additional capital to fund further Bitcoin purchases despite market uncertainties. Strategy plans to raise $21 billion through issuing class A strike preferred stock to bolster its investment portfolio.
Strategy continues to invest heavily in Bitcoin despite market volatility and macroeconomic challenges, showcasing the company's confidence in cryptocurrency's long-term value.
