Strategy Further Entrenches Bitcoin Dominance with Fresh Acquisition

Strategy, previously referred to as MicroStrategy, has cemented its position as the top corporate Bitcoin holder after buying another 6,911 BTC at around $584.1 million from March 17 to March 23, 2025. The recent buy pushes their holdings to over 506,137 BTC worth about $42.8 billion. Michael Saylor, Executive Chairman, remains the torchbearer for Bitcoin as the firm's core treasury reserve asset, propelling this bold accumulation strategy.

The acquisition was funded by the sale of common shares (MSTR) and preferred stock (STRK) under the firm's at-the-market (ATM) programs. Strategy disposed of about 1.975 million of its MSTR shares, earning it about $592.6 million, as well as $1.1 million from selling shares of STRK. As of the last filing, Strategy has still approximately $3.57 billion in MSTR shares and $20.99 billion in STRK shares available to sell through these programs. The cost of this latest Bitcoin purchase was an average $84,529 per coin.

Strategy's overall average cost per Bitcoin now stands at approximately $66,608. The firm's Bitcoin investments have returned 7.7% so far in 2025 on a year-to-date basis. Although this strategy demonstrates a hefty commitment to cryptocurrency, it has risks as well since the company uses borrowed money to finance these purchases. However, Strategy is still the market leader in corporate Bitcoin holdings and far outranks other companies such as Tesla.