Strategy Acquires 22,048 Bitcoin, Bringing Total Holdings to 528,185 BTC
Strategy, previously known as MicroStrategy, recently acquired an additional 22,048 Bitcoin between March 24 and March 30, increasing its total holdings to 528,185 BTC. This move was disclosed in a March 31 filing with the U.S. Securities and Exchange Commission.
Purchase Details
- The acquisition was valued at approximately $1.92 billion.
- The average price per Bitcoin was $86,969, including fees and expenses.
- The purchase led to an initial price increase followed by a subsequent drop in Bitcoin value.
Financing the Purchase
The $1.92 billion purchase was financed through a combination of recent capital-raising activities, including the company’s at-the-market common stock offering, ATM preferred stock program (STRK), and a $711.2 million public offering of 10% Series A Perpetual Strife Preferred Stock (STRF).
- Common ATM raised $1.20 billion.
- STRK ATM contributed $18.52 million.
- STRF offering closed at $85.00 per share on March 25.
Holdings and Investment
With 528,185 BTC in its possession, Strategy now holds approximately 2.55% of Bitcoin’s circulating supply. The company has invested a total of $35.63 billion in Bitcoin at an average purchase price of $67,458 per BTC.
Corporate Leadership in Bitcoin Exposure
Strategy’s significant BTC holdings position it ahead of other corporate entities in terms of exposure to Bitcoin. This accumulation strategy has been ongoing, with monthly acquisitions in Q1 2025 ranging from hundreds of millions to nearly $2 billion.
Long-Term Vision and Financing Strategy
Strategy’s approach is geared towards viewing Bitcoin as a long-term treasury reserve asset. Shareholders have authorized an expansion of the company’s Class A common stock to facilitate future access to equity markets.
The company’s 21/21 Plan aims to raise $21 billion through equity and fixed-income instruments for future acquisitions, demonstrating a commitment to sustained growth in Bitcoin holdings.
Risks and Future Projections
Despite its bullish stance, Strategy acknowledges risks associated with Bitcoin’s volatility, regulatory changes, and reliance on equity and debt issuance. However, CEO Michael Saylor remains optimistic about Bitcoin’s long-term potential, citing bullish projections for the cryptocurrency’s value.
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