Strategy’s Latest Purchase Adds Nearly $2 Billion Worth Of Bitcoin To Its Massive Reserve
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Bitcoin development company Strategy — formerly MicroStrategy— is pushing forward with its Bitcoin buying spree in 2025, snapping up nearly $2 billion worth of the orange coin over the past week.
Strategy Adds 22K Bitcoin To Treasury
An SEC filing on Monday shows that Strategy spent $1.92 billion buying 22,048 BTC at an average price of $86,969 per coin between March 24 and March 30.
Strategy now holds 528,185 BTC in total. At today’s Bitcoin price, that’s a stash worth more than $43 billion, emerging as the largest corporate holder of the flagship crypto since purchasing the asset for the first time in August 2020. For perspective, that is equivalent to over 2.5% of Bitcoin’s total 21 million supply. All told, the company bought its coins at an average price of $67,458, the announcement said.
According to the Monday disclosure, Strategy financed its latest BTC acquisition using proceeds from the sale of its Class A common stock, MSTR, and perpetual strike preferred stock, STRK.
Last week, Strategy sold 3,645,528 MSTR shares of its Class A Common stock for roughly $1.2 billion. As of March 30, the firm still has $2.3 billion worth of MSTR shares available for issuance and sale under that program.
Additionally, the Tysons, Virginia-based company sold 213,807 shares of its Perpetual Strike (STRK) Preferred Stock last week, raking in $18.52 million— with $20.97 billion worth of STRK shares still available.
Strategy’s Bold Strategy
The Bitcoin giant’s long-term plan involves raising $42 billion via equity offerings and fixed-income securities for BTC acquisitions over the next three years as part of its “strategy” to purchase Bitcoin as a key asset despite wild market swings.
Following the announcement, Bitcoin’s price jumped to $83,568 at press time, up 1.1% on the day, CoinGecko data shows.
Earlier this week, video game retailer GameStop became the latest publicly traded company to adopt a Strategy-esque corporate Bitcoin acquisition strategy, joining a plethora of other firms adding BTC to their balance sheets. As reported by ZyCrypto, GameStop subsequently tipped plans to use proceeds from a proposed $1.3 billion convertible debt offering to kickstart its Bitcoin buying spree.
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