The post Strategy Acquires 6,911 More Bitcoins For $584.1 Million appeared first on Coinpedia Fintech News
Strategy has acquired 6,911 BTC for $584.1 million at $84,529 each, driving its 2025 YTD BTC yield to 7.7%. As of March 23, the firm holds 506,137 BTC, purchased for $33.7 billion at $66,608 apiece. This strategic move cements Strategy’s status as a preeminent institutional Bitcoin holder, showcasing unwavering confidence in its digital asset portfolio amid ongoing global market volatility.
$MSTR has acquired 6,911 BTC for ~$584.1 million at ~$84,529 per bitcoin and has achieved BTC Yield of 7.7% YTD 2025. As of 3/23/2025, @Strategy holds 506,137 BTC acquired for ~$33.7 billion at ~$66,608 per bitcoin. $STRK https://t.co/3vSGnTUVcE
— Michael Saylor
(@saylor) March 24, 2025
Strategy Continue Its Bitcoin Purchases
According to Michael Saylor, Strategy has purchased Bitcoin worth $00 billion today. This marks another major acquisition since the company’s rebrand, signaling a return to its usual strategy.
The latest Bitcoin purchase is slightly larger/smaller than the one on February 24, when the company bought 20,356 BTC worth nearly $2 billion.
After rebranding, Strategy remains committed to its long-term goal of becoming one of the world’s largest Bitcoin holders. However, just before the rebrand, the firm briefly paused its 12-week streak of major Bitcoin acquisitions.
This pause led to speculation and uncertainty, with rumors suggesting that Strategy might temporarily stop buying Bitcoin. Some also believed the company could face billions in taxes due to unrealized gains.
Strategy’s Raising $21B to Buy More Bitcoin!
Strategy is gearing up to raise a massive $21 billion through 8% Series A Perpetual Preferred Stock. This move could give the company more funds to expand its Bitcoin holdings.
Meanwhile, the company confirmed that the money will be used for general business needs, including more Bitcoin purchases.
Bitcoin Leads the Crypto Market Surge
The broader crypto market has seen a surge, with Bitcoin leading the way. The global cryptocurrency market cap has risen by 3%, reaching $2.85 trillion. Bitcoin is currently trading at $87,379, reflecting a 3.6% increase in the last 24 hours.
Meanwhile, Ethereum and Solana have also posted gains, rising by 4% and 7%, respectively.
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FAQs
As of March 23, 2025, MicroStrategy holds 506,137 BTC, acquired for $33.7B at an average price of $66,608 per Bitcoin.
MicroStrategy sees Bitcoin as a long-term store of value, using it to strengthen its financial position amid market volatility.
Bitcoin surged 3.6% to $87,379, pushing the crypto market cap to $2.85T, with Ethereum and Solana also seeing strong gains.
