Strategy’s Bitcoin Holdings Soar Past 500,000 BTC with $584 Million Purchase

Strategy, the Bitcoin treasury company once known as MicroStrategy, has boosted its cryptocurrency stash past a major milestone. In a filing with the U.S. Securities and Exchange Commission (SEC) on March 24, 2025, the company revealed it snapped up 6,911 Bitcoin (BTC) for $584.1 million between March 17 and March 23. Priced at an average of $84,529 per BTC, this latest buy pushes Strategy’s total holdings to an impressive 506,137 BTC—valued at over $44 billion.

Led by co-founder and Executive Chairman Michael Saylor, Strategy has been steadily amassing Bitcoin since rebranding from MicroStrategy. The company’s total BTC haul, acquired at an average price of $66,608 per coin, has cost roughly $33.7 billion, including fees. That means Strategy now owns about 2.4% of Bitcoin’s fixed 21 million coin supply, cementing its status as a heavyweight in the crypto world.

This purchase follows a busy week for Strategy’s fundraising efforts. On Friday, the company upsized its Series A Perpetual Strife Preferred Stock (STRF) offering from $500 million to $722.5 million. The move is part of a broader financial strategy, including its “21/21 plan” unveiled earlier this month. That ambitious roadmap aims to raise $42 billion through equity and fixed-income offerings to fuel more Bitcoin buys. So far, Strategy has sold 1,975,000 MSTR shares for $592.6 million, with $3.57 billion in shares still up for grabs, alongside $20.99 billion in STRK preferred stock.

Just days before this latest acquisition, Strategy added 130 BTC to its coffers for $10.7 million between March 10 and March 16, at an average price of $82,981 per coin. While smaller than some of its blockbuster purchases, these steady additions reflect Saylor’s unwavering commitment to Bitcoin as a core asset.

Despite its $79.2 billion market cap, Strategy’s stock trades at a premium compared to the value of its Bitcoin holdings—a point of debate among investors. Some question whether the company’s valuation aligns with its net asset value (NAV), given its aggressive acquisition spree. Still, Strategy’s class A common stock (MSTR) edged up 0.6% to $304 on Friday and climbed 4.9% in Monday’s pre-market trading. Over the past year, MSTR has soared more than 90%, though it’s up just 1.3% year-to-date, earning it the nickname “the altcoin of traditional finance” from Bitwise’s Jeff Park.

Strategy’s bold moves continue to spark discussion in financial circles. With over half a million BTC now in its treasury, the company shows no signs of slowing its Bitcoin-buying momentum as it pursues its multibillion-dollar vision. For now, all eyes remain on Saylor and his next play in the ever-evolving crypto landscape.