Strategy Bitcoin Holdings Reach 500,000
Michael Saylor’s firm, Strategy, has added over $500 million in Bitcoin to its holdings as institutional demand and ETF inflows begin to rebound.
Between March 17 and March 23, Strategy purchased 6,911 BTC for more than $584 million at an average price of $84,529 per coin, as disclosed in a March 24 filing with the U.S. Securities and Exchange Commission (SEC).
Following this latest purchase, Strategy now holds over 500,000 BTC in total—specifically 506,137 Bitcoin—acquired for roughly $33.7 billion overall, with an average cost basis of $66,608 per coin, including fees and expenses.
This milestone follows a recent signal from Strategy co-founder Michael Saylor, who hinted at a new Bitcoin purchase shortly after the company announced the pricing of a new preferred stock offering on March 21.
The preferred shares were priced at $85 each and carry a 10% coupon.
Strategy expects this offering to generate around $711 million in revenue, scheduled to settle on March 25, 2025.
Strategy, which holds the title of the world’s largest corporate Bitcoin holder, remains committed to buying during price dips, even as investors express concerns about a potential market downturn.
The company’s most recent move comes amid rising fears of a global trade war, which analysts suggest could negatively affect both traditional and digital asset markets through early April.
Despite encouraging developments specific to the crypto space, ongoing tariff-related uncertainty may continue to weigh on risk assets until at least April 2, according to Nicolai Sondergaard, a research analyst at Nansen.
“I’m looking forward to seeing what happens with the tariffs from April 2nd onward. Maybe we’ll see some of them dropped, but it depends if all countries can agree. That’s the biggest driver at this moment,” the analyst said during Cointelegraph’s Chainreaction daily X show on March 21.
He added that risk markets may remain directionless until these trade tensions are resolved, possibly between April and July, which could serve as a catalyst for positive price movement.
U.S. President Donald Trump’s reciprocal tariff measures are still scheduled to go into effect on April 2, despite earlier indications from Treasury Secretary Scott Bessent that a delay was under consideration.
Sources:
https://cointelegraph.com/news/microstrategy-surpasses-500k-bitcoin-holdings-sec-filing
https://archive.fast-edgar.com/20250324/AP2GM222ZZ22B9B8229E2Z42W7GCZK22Z272/
https://www.tradingview.com/chart/JBpUV8Q8/?symbol=BITSTAMP%3ABTCUSD
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