Bitcoin Acquires Another $584M

Bitcoin Acquires Another $584M

cryptoslate.com
March 24, 2025 by Jhon E. Bermúdez
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In a significant move, business intelligence giant Strategy has further expanded its Bitcoin portfolio, purchasing an additional $584 million worth of the cryptocurrency. This latest acquisition pushes their total Bitcoin holdings to an impressive figure exceeding half a million BTC. Strategy recently added 6,911 bitcoin to their reserves between March 17th and 23rd. They secured
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In a significant move, business intelligence giant Strategy has further expanded its Bitcoin portfolio, purchasing an additional $584 million worth of the cryptocurrency. This latest acquisition pushes their total Bitcoin holdings to an impressive figure exceeding half a million BTC.

Strategy recently added 6,911 bitcoin to their reserves between March 17th and 23rd. They secured these coins at an average price of $84,529 each. With this purchase, the company now holds a substantial 506,137 BTC, accumulated at a total investment of $33.7 billion.

Under the leadership of CEO Michael Saylor, Strategy has been a determined Bitcoin accumulator since 2020. The company’s conviction rests on the belief that Bitcoin serves as a robust long-term store of value, effectively hedging against both inflation and broader global economic instability.
The funding for this recent Bitcoin acquisition was sourced from Strategy’s strategic sale of 1.975 million shares of its common stock. This generated approximately $592 million, supplemented by their existing at-the-market (ATM) offering of STRK.

Strategy’s unwavering focus on Bitcoin has firmly established them as a leading corporate example in allocating treasury reserves to this digital asset. Other publicly traded entities, including Metaplanet and Semler Scientific, are increasingly adopting similar strategies, albeit on a smaller scale, mirroring Strategy’s pioneering approach.

By essentially banking on Bitcoin’s growing network effects and its increasing acceptance as ‘digital gold’, Strategy’s core objective is to maximize long-term value for its shareholders. Notably, the company’s stock price has seen substantial growth since it first ventured into Bitcoin investments.

As Bitcoin continues to gain traction and credibility across institutions, corporations, and even sovereign nations, Strategy’s confidence in its Bitcoin-centric strategy remains unshaken. This most recent acquisition unequivocally demonstrates the company’s commitment, backing up its strategic vision with significant financial action as Bitcoin continues its journey of maturation.

Source: bitcoinmagazine.com