MicroStrategy Acquires 6,911 Bitcoin for $584M, Boosting Holdings to 506,137 BTC

Strategy has added 6,911 Bitcoin to its treasury, investing $584.1 million. This purchase was made between March 17-23 at an average price of $84,529 per Bitcoin.

This brings the company’s total Bitcoin holdings to 506,137 BTC, worth approximately $33.7 billion.

Strategy is now the public company with the most Bitcoin, owning over 2% of the total supply. This latest move is big as it further solidifies the company’s commitment to Bitcoin as part of its business strategy.

The company’s Bitcoin yield is also up 7.7% YTD. They recently raised $722 million to fund more Bitcoin buys. And they’ve set a goal to raise up to $21 billion to accelerate their Bitcoin Treasury. They clearly believe in Bitcoin for the long term.

MSTR Stock Surges as Bitcoin Price Climbs

MSTR stock is up as well following this latest Bitcoin buy. According to Nasdaq, MSTR is up over 4% in pre-market trading to around $318. It was up over 5% last week when it reclaimed the $300 mark. YTD MSTR is up nearly 5% and is one of the top performers in its sector.

MSTR is up because of the rising Bitcoin price which just broke $85,000. This is after Michael Saylor mentioned future Bitcoin buys and the overall market sentiment is fueled by speculation around US tariffs and how they have minimal impact on certain sectors.

Bitcoin Whales Show Growing Confidence

Strategy’s buy is part of a bigger trend as Bitcoin whales are accumulating more, a sign of growing investor confidence. In a recent analysis, crypto expert Ali Martine said around 10,000 BTC were moved off exchanges last week.

This is a sign of long term holding as big investors expect a price dump.Along with Strategy, other institutional buyers are buying for future Bitcoin and the overall market is bullish for Bitcoin.

As Bitcoin goes up, its future is tied to the big players like Strategy who are shaping the future of the flagship asset.

Key Takeaways:

• Strategy (formerly MicroStrategy) now holds 506,137 BTC, worth $33.7 billion.

• The company recently spent $584 million to acquire 6,911 BTC.

• MSTR stock has risen over 4% as Bitcoin’s price climbs.

• Bitcoin whales, including Strategy, continue to increase their holdings.