MicroStrategy, now rebranded as Strategy, disclosed on Monday that it has acquired an additional 6,911 Bitcoin between March 17 and March 23, spending approximately $584.1 million in cash. The purchase brings the company's total Bitcoin holdings to 506,137 coins, cementing its status as the largest corporate holder of Bitcoin globally.
According to the company's regulatory filing with the Securities and Exchange Commission, the recent Bitcoin acquisition was made "at an average price of approximately $84,529 per bitcoin, inclusive of fees and expenses." Based on current market prices, Strategy's Bitcoin stash is now valued at roughly $42.8 billion.
The acquisition was funded through the company's ongoing at-the-market (ATM) stock offerings, involving both its common stock (MSTR) and its 8% Series A Perpetual Preferred Shares (STRK). Between March 17 and 23, Strategy sold 1,975,000 shares of MSTR, raising $592.6 million after fees, and 13,100 shares of STRK, generating approximately $1.1 million in proceeds.
"As of March 23, 2025, the Company, together with its subsidiaries, held an aggregate of approximately 506,137 bitcoins," the filing stated, "which were acquired at an aggregate purchase price of approximately $33.7 billion."
The company revealed that its total average cost per Bitcoin now stands at $66,608. Strategy's Bitcoin position has yielded a 7.7% return so far in 2025.
Co-founder and Executive Chairman Michael Saylor has led the company's aggressive Bitcoin-focused strategy, positioning the cryptocurrency as the firm's primary treasury reserve asset. Strategy's Bitcoin holdings now account for approximately 2.4% of Bitcoin's total capped supply of 21 million coins.
In addition to its ongoing ATM offerings, Strategy recently announced the pricing of its 10% Series A Perpetual Strife Preferred Stock (STRF) offering, which was upsized from $500 million to $722.5 million. The STRF offering follows the company's plan to raise up to $21 billion via its perpetual STRK preferred stock program, first disclosed on March 10.
As of March 23, $3.57 billion worth of MSTR shares and $20.99 billion in STRK shares remain available for future sale, according to the company's latest SEC filing.
