Strategy’s BitcoinClick here for more Details acquisition continues to dominate headlines as the firm expands its holdings past the $43 billion mark.
Between March 24 and March 30, the company acquired 22,048 BTC for approximately $1.92 billion in cash. The average price per bitcoin was $86,969. This latest move brings Strategy’s total holdings to a staggering 528,185 BTC.
The purchase was funded through the sale of class A common stock (MSTR) and perpetual strike preferred stock (STRK). These instruments continue to play a central role in Strategy’s long-term capital plan. In total, the company has spent about $35.63 billion on Bitcoin, with an average acquisition cost of $67,458 per coin.
The company, formerly known as MicroStrategy, now holds over 2.5% of Bitcoin’s entire supply. This aggressive Bitcoin treasury approach is unmatched among publicly traded firms.
Strategy’s BTC bet now tops half a million coins
The latest buy isn’t an isolated move. Just days before this purchase, Strategy acquired 6,911 BTC for $584.1 million. That deal, executed between March 17 and March 23, pushed the company past the historic 500,000 BTC milestone.
Michael Saylor, the firm’s executive chairman and co-founder, has described this plan as part of Strategy’s broader “21/21 plan.” This long-term initiative aims to raise $42 billion in capital for further Bitcoin acquisitions via equity and fixed-income offerings.
The company recently sold 3.6 million MSTR shares for $1.2 billion and 213,807 STRK shares for $18.52 million. It still has $2.37 billion in MSTR and $20.97 billion in STRK available for future sales.
Strategy’s Bitcoin acquisition model influences other firms
Strategy’s Bitcoin acquisition model is now inspiring others to follow suit. GameStop, famous for the 2021 meme stock frenzy, has announced a similar crypto strategy. The retailer plans a $1.3 billion private offering of convertible notes to fund its Bitcoin purchases.
This signals a possible trend: public companies using capital markets to acquire crypto as a treasury reserve. While few have matched Strategy’s scale, the influence of their approach is undeniable.
Strategy remains the undisputed corporate leader in Bitcoin accumulation. As long as BTC remains central to their strategy, the company is likely to stay in the spotlight.
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