Michael Saylor’s company has made another significant Bitcoin investment, securing over $500 million worth of the cryptocurrency as institutional demand and ETF inflows regain momentum.
6,911 Bitcoin Added to Holdings
Between March 17 and March 23, Strategy purchased 6,911 BTC for approximately $584 million, averaging $84,529 per coin, as per a March 24 filing with the U.S. Securities and Exchange Commission (SEC).\
With this latest acquisition, the firm’s total Bitcoin holdings now exceed half a million, reaching 506,137 BTC. The cumulative investment stands at roughly $33.7 billion, with an average acquisition cost of around $66,608 per Bitcoin, including associated fees.
The milestone follows an announcement by co-founder Michael Saylor, who recently hinted at another Bitcoin investment after the firm disclosed details of its latest preferred stock offering on March 21.
Preferred Stock Sale to Fund Bitcoin Purchases
The company priced its preferred stock at $85 per share, offering a 10% coupon. This sale is projected to generate approximately $711 million in revenue, with settlement scheduled for March 25, 2025.
Strategy Maintains Aggressive Bitcoin Buying Amid Market Uncertainty
As the largest corporate Bitcoin holder, Strategy continues to capitalize on market dips, even as investors express concerns about a potential downturn.
The latest purchase comes amid growing apprehensions over global trade tensions, which analysts suggest could influence both traditional and digital asset markets until at least early April.
Despite strong crypto-sector advancements, fears surrounding international tariffs could continue to pressure markets in the short term, according to Nicolai Sondergaard, a research analyst at Nansen.
“I’m eager to see what unfolds with tariffs after April 2. Some may be lifted, but that depends on whether all parties reach an agreement. Right now, it’s the key factor driving market sentiment,” Sondergaard commented.
Analysts predict that risk assets could experience uncertainty until these tariff-related issues are resolved, with potential clarity emerging between April and July. This resolution may act as a bullish catalyst for the market.
Meanwhile, U.S. President Donald Trump’s new reciprocal tariff policies are set to take effect on April 2, despite prior remarks from Treasury Secretary Scott Bessent suggesting a possible delay in their implementation.
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