MicroStrategy, now known as Strategy, announced the acquisition of an additional 6,911 Bitcoin (BTC) for $584.1 million, pushing its total holdings past the remarkable milestone of 500,000 BTC.
The 6,911 BTC was purchased between March 17 and March 23 at an average price of $84,529 per BTC, inclusive of fees and expenses. The company now owns 506,137 BTC, acquired at an aggregate purchase price of $33,700,000,000, with an average cost per Bitcoin across all purchases of $66,608.
MicroStrategy Bitcoin Valuation and Funding Approach
Currently, Bitcoin prices are approximately $87,500 per BTC, placing MicroStrategy’s stash value at $44.3 billion with $10 billion in unrealized gains. The company’s year-to-date yield on Bitcoin investment is 7.7% in 2025 so far.
The company leveraged proceeds from its ongoing stock sale programs to fund its recent purchase. Between March 17 and March 23, it sold 1.975 million shares of its common stock (MSTR), raising $592.6 million after fees.
Strategy also generated another $1.1 million in revenue after selling 13,100 shares of its Series A Perpetual Preferred Stock (STRK).
The company still holds $3.57 billion in MSTR shares and $20.99 billion in STRK shares available under these programs, positioning it to continue its Bitcoin buying spree.
What This Means for Institutional Bitcoin Adoption
MicroStrategy controls more than 2% of Bitcoin’s circulating supply, representing a sizable market share.
Meanwhile, the timing of the transaction is opportune, given the increasing institutional interest in cryptocurrency. For example, Bitcoin exchange-traded fund (ETF) inflows have recently increased, and numerous US states are investigating Bitcoin as a strategic asset for their general funds.
The corporation’s buying activity might encourage institutional investors as well as government confidence in Bitcoin.
However, the market faces financial strain and regulatory uncertainty, challenging the long-term viability of Strategy’s reliance on stock sales for acquisitions. Moreover, considering Strategy’s reliance on stock sales to support acquisitions, should stock performance or investor interest drop, its long-term viability could be called into doubt.
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