Strategy Acquires 6911 Bitcoin for $584 Million Boosting Holdings Above 500,000 BTC

Highlights:

• Strategy now holds over 500,000 Bitcoin after buying 6911 BTC worth 584 million last week.
• Strategy raised over 700 million through stock offerings to fund its latest Bitcoin purchases.
• Strategy and Metaplanet both added Bitcoin as total institutional holdings continue to grow.

Strategy has expanded its Bitcoin holdings, acquiring 6,911 BTC for over $584 million between March 17 and March 23. The company paid an average price of $84,529 per Bitcoin, according to a March 24 filing with the US Securities and Exchange Commission. Following this purchase, Strategy now holds a total of 506,137 BTC, valued at over $44 billion at current market prices. The average purchase price across all holdings is approximately $66,608 per Bitcoin, including fees and expenses.

$MSTR has acquired 6,911 BTC for ~$584.1 million at ~$84,529 per bitcoin and has achieved BTC Yield of 7.7% YTD 2025. As of 3/23/2025, @Strategy holds 506,137 BTC acquired for ~$33.7 billion at ~$66,608 per bitcoin. $STRK https://t.co/3vSGnTUVcE

— Michael Saylor (@saylor) March 24, 2025

The company now controls around 2.4% of Bitcoin’s fixed 21 million supply. The company made this move after Michael Saylor, co-founder of Strategy, signaled a potential Bitcoin acquisition after the firm priced its latest preferred stock offering on March 21. This acquisition further strengthens Strategy’s position as one of the largest institutional holders of Bitcoin.

Capital Raise Efforts Expand Through Stock Offerings

Strategy’s latest Bitcoin purchase followed the pricing of its Series A Perpetual Strife Preferred Stock (STRF) offering. The company priced the offering at $85 per share, with a 10% coupon, raising approximately $711 million. This STRF offering increased from its initial $500 million target to $722.5 million.

Additionally, Strategy is also continuing with its Series A Perpetual Strike Preferred Stock (STRK) offering, aiming to raise up to $21 billion. As of March 23, approximately $20.99 billion in STRK shares remain available for issuance under this program.

Strategy’s broader capital plan, known as the “21/21 plan,” targets a total of $42 billion in equity and fixed-income securities to fund further Bitcoin acquisitions. In addition to the preferred stock offerings, the company sold 1,975,000 shares of its class A common stock, MSTR, raising about $592.6 million. The firm has $3.57 billion worth of MSTR shares still available under this program.

Prior to the recent large purchase, Strategy also acquired 130 BTC between March 10 and March 16 for around $10.7 million at an average price of $82,981 per Bitcoin. These capital raises have supported the company’s consistent Bitcoin accumulation strategy, which has now resulted in a treasury exceeding 500,000 BTC.

Institutional Bitcoin Accumulation Extends Beyond Strategy

While Strategy continues to lead in Bitcoin acquisitions, other institutional players are also active in the market. Metaplanet, a publicly listed Japanese investment firm, purchased an additional 150 BTC for approximately $12.6 million. The company disclosed the acquisition today, stating it paid an average price of $83,801 per Bitcoin.

With this latest purchase, Metaplanet’s total Bitcoin holdings now stand at 3,350 BTC, valued at around $291.3 million based on current market prices. This is an increase from the firm’s reported acquisition cost of $278.8 million, as confirmed by Metaplanet CEO Simon Gerovich.

Metaplanet has acquired 150 BTC for ~$12.6 million at ~$83,801 per bitcoin and has achieved BTC Yield of 68.3% YTD 2025.  As of 3/24/2025, we hold 3350 $BTC acquired for ~$278.8 million at ~$83,224 per bitcoin. pic.twitter.com/CIum6ZeR89

— Simon Gerovich (@gerovich) March 24, 2025

Additionally, Rumble, a video-sharing platform, recently purchased 188 BTC for $171.1 million. The firm purchased the coins at an average price of $91,000. The purchase is part of its strategy to allocate $20 million of its cash treasury to Bitcoin. Meanwhile, crypto market analyst Ali Martinez reported that about 10,000 BTC were moved off exchanges last week. This movement typically signals increased confidence among investors and suggests a trend toward long-term holding of the asset.