Bitcoin Treasury Firm Strategy Breaks Half-Million BTC Mark After Major Purchase

Bitcoin treasury giant Strategy MSTR, formerly MicroStrategy, has officially crossed a key milestone by amassing over half a million BTC/USD as part of its ongoing accumulation strategy.

What Happened: In a regulatory filing on Monday, the firm revealed it had added 6,911 BTC to its reserves between March 17 and March 23.

The purchase, totaling $584.1 million, was executed at an average price of $84,529 per Bitcoin.

With this latest buy, Strategy now holds 506,137 BTC — equating to approximately $44 billion in current market value.

This figure represents nearly 2.4% of Bitcoin capped 21 million supply, positioning the company as one of the largest corporate holders of the digital asset.

Michael Saylor, the company's executive chairman, noted that Strategy's average purchase price across all acquisitions stands at $66,608 per Bitcoin, with total spending reaching about $33.7 billion, including transaction costs.

The bitcoin haul is being funded in part by Strategy's aggressive capital-raising campaigns.

Last week, the firm boosted its 10% Series A Perpetual Strife Preferred Stock (STRF) issuance from an initial $500 million to $722.5 million.

Additionally, Strategy is progressing with plans to raise up to $21 billion through its Series STRK perpetual preferred stock program, which was announced earlier this month.

As of March 23, nearly $21 billion in STRK shares remain unissued.

Also Read: Bitcoin ETFs Saw $724 Million In Inflows Last Week, Snap Outflow Streak: Report

Why It Matters: These moves are part of Strategy's broader "21/21 plan," which aims to raise $42 billion across various equity and debt offerings to fund additional Bitcoin purchases.

Strategy has been consistently ramping up its Bitcoin treasury, including a separate buy of 130 BTC earlier this month for $10.7 million at a lower price point.

Despite concerns from some investors about the firm's valuation relative to its Bitcoin holdings, Strategy's market cap has swelled to $79.2 billion — significantly above the value of its BTC treasury.

On the stock market, Strategy's shares closed Friday at $304, registering a slight uptick, and saw additional pre-market gains on Monday.

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