MicroStrategy, a leading Bitcoin investor, has added to its massive stash by purchasing 6,911 Bitcoins for approximately $584 million in cash. The company’s total holdings now stand at over 506,137 Bitcoins, worth roughly $42.8 billion at current prices.
The recent purchase was made between March 17 and March 23, with the average price per Bitcoin being around $84,529. MicroStrategy used funds from its ongoing stock sale programs to finance this acquisition, which included selling 1.975 million shares of its common stock and 13,100 shares of its preferred stock.
This purchase further solidifies MicroStrategy’s position as the largest corporate holder of Bitcoin in the world. The company has reaffirmed its commitment to viewing Bitcoin as its primary treasury reserve asset, with no signs of slowing down its accumulation efforts. As a result, its total average cost per Bitcoin now stands at $66,608, yielding a year-to-date return of 7.7% in 2025 so far.
Source: https://www.thestreet.com/crypto/markets/microstrategy-buys-6911-more-bitcoin-now-holds-over-506k-btc