Strategy, the company led by Michael Saylor, has made a significant investment of $584 million in bitcoin. The acquisition was funded by the sale of 1.975 million shares of common stock and adds to its existing holdings of over 500,000 tokens.
According to a recent filing, Strategy purchased an additional 6,911 bitcoins at an average cost of $84,529 each. This latest purchase brings the company’s total holdings to 506,137 bitcoins, valued at $33.7 billion.
The investment is part of Strategy’s continued effort to build its bitcoin stack. The company has been actively buying and selling bitcoins in recent months, with its shares trading higher by 4.8% premarket today.
Strategy’s latest preferred stock offering, priced late last week, has also generated significant attention. Despite selling only 13,100 shares, the offering raised $1.1 million, according to the filing. The company’s shares are currently rallying alongside a surge in bitcoin prices above $87,000.
Source: https://www.coindesk.com/markets/2025/03/24/strategy-added-6-9k-bitcoin-for-usd584m-bringing-stack-to-506k-tokens