Business intelligence and software firm MicroStrategy Inc., now rebranded as Strategy, has expanded its Bitcoin holdings.
As reported, the company purchased an additional 22,048 BTC for approximately $1.92 billion in cash, bringing its total Bitcoin reserves to 528,185 BTC. Notably, the technology firm made it known that this latest purchase was financed by selling company shares.
Strategy’s Aggressive Bitcoin Accumulation Continues
In his latest X post, Michael Saylor, the Chairman of Strategy, stated that the company now holds 528,185 BTC. The firm acquired this stash for approximately $35.63 billion at an average price of $67,458 per bitcoin.
Image Source: Michael Saylor on X
According to a press release, Strategy paid for the purchase by selling class A common stock (MSTR) and perpetual Strike preferred stock (STRK).
Last week, Strategy sold 3,645,528 MSTR shares, generating over $1.2 billion in cash for the firm. Additionally, the technology firm sold 213,807 STRK shares, raising about $18.52 million.
Reports show that as of March 30, $2.37 billion worth of MSTR shares and approximately $20.97 billion worth of STRK shares remain available for issuance and sale under the company’s stock program.
It is important to add that Strategy’s Bitcoin holdings now account for more than 2.5% of the total 21 million BTC supply. The firm has consistently increased its reserves over the years.
As noted in our earlier post, MicroStrategy acquired 6,911 BTC between March 17 and March 23 for about $584.1 million.
The Long-Term Vision for Bitcoin Holdings
Strategy’s plans for Bitcoin acquisition are part of its long-term financial strategy. As detailed, the company’s 21/21 plan intends to raise $42 billion through equity offerings and fixed-income securities, with the primary goal of funding further Bitcoin acquisitions.
In a previous article, we stated that Saylor predicts Bitcoin will have a market cap of $200 trillion in 2045, replacing gold and real estate. He believes BTC will be the base for an artificial intelligence and blockchain financial system in the future.
Still, the company’s aggressive methods for Bitcoin acquisition are not without skepticism and criticism from investors. Some analysts at brokerage firm Bernstein maintain that Strategy’s financial position is strong. The firm has debt under 13%, with no major payments due until 2028.
Last week, the experts predicted that Strategy’s Bitcoin holdings could exceed 1 million BTC by 2033 if it sustains its acquisition moves. Meanwhile, Strategy’s stock, MSTR, has seen significant market fluctuations. After surging over 568% in 2024, MSTR is now down 3.6% year-to-date.
On Friday, it closed at $289.41, falling 10.8% due to broader market concerns, including inflation data and new tariffs announced by US President Donald Trump.
While some question the sustainability of Strategy’s approach, Saylor and his team remain committed to their Bitcoin-first strategy.