Strategy Acquires 6,911 Bitcoin as Its Total BTC Holding Crosses 500K Milestone
Leading business intelligence company Strategy acquires additional Bitcoin, bringing its total BTC holding above the 500,000 milestone. The company made this known in a Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC). Michael Saylor, Strategys Executive Chairman, also provided insight into the latest Bitcoin acquisition. https://twitter.com/saylor/status/1904142379646415203Latest Bitcoin Acquisition According to the update, Strategy splashed a whopping $584.1 million to acquire 6,911 BTC. The company acquired all 6,911 BTC in less than a week, from March 17 - 23, 2025. It purchased each BTC at an average cost of $84,529, which includes fees and other expenses. Notably, Strategy funded its latest Bitcoin purchase using the proceeds from its latest offerings of Class A Common Stock (MSTR) and Series A Perpetual Strike (STRK). During the Bitcoin acquisition period (March 17 - 23), Strategy raised $592.6 million through the sale of 1,975,000 MSTR shares and another $1.1 million from the sale of 13,100 STRK shares. Strategy Bitcoin Holding As part of its commitment to grow its Bitcoin holdings, Strategy used the proceeds to acquire 6,911 BTC at an average cost of $84,529 BTC. The company suggested that each BTC cost more than its previous purchases. Nonetheless, it has recorded a BTC yield of 7.7% since the beginning of the year. Following the latest Bitcoin acquisition, Strategy now holds a total of 506,137 BTC, cementing its position as the largest corporate Bitcoin holder. Per the filing, the aggregate cost of Strategys Bitcoin portfolio is $33.7 billion. This suggests that each BTC was acquired at an average price of $66,608, including expenses like fees. With Bitcoin currently trading at $87,285, Strategys Bitcoin stash is worth about $44.18 billion. This indicates that Strategy has amassed a profit of $10.48 billion via its Bitcoin investment. Expectedly, Bitcoin has since reacted positively to the announcement, with the asset soaring 2.48% over the past 24 hours to $87,285. In the meantime, Strategy does not plan to slow down on its Bitcoin acquisition spree, as it wishes to raise another $710 million by offering 8.5 million STRK shares. As previously reported, the sale will commence tomorrow, March 25, with the proceeds used to buy more BTC.
Text source: The Crypto Basic
