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Strategy Buys 6,911 BTC for $584 Million to Exceed 500,000 BTC Milestone

Strategy has become the first company to beat the 500,000 BTC milestone as it now holds 506,137 BTC, over 2.4% of the total Bitcoin fixed supply.
Wilfred Samuel
Senior Editor
About Author
Senior Editor
Last updated:
24 March 2025 @ 15:52 UTC
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Strategy, the world’s first and largest bitcoin (BTC) treasury company, has taken another step in displaying unshakable confidence in BTC, the world’s leading crypto. The company’s official X social media latest post revealed that it has boosted its holdings by an additional 6,911 BTC.  

Following the purchase, Strategy now holds 506,137 BTC, which is over 2.4% of bitcoin’s fixed supply of 21 million coins. It has also achieved a BTC Yield of 7.7% YTD 2025. It is the first publicly traded company to surpass the 500,000 BTC milestone.

Over 500K BTC Bagged

Despite the market downtrend, the BTC treasury company spent approximately $584.1 million in its latest purchase. Notably, the firm split the purchase over five days. Thus, it acquired the crypto at varied market prices to attain an average purchase price of $84,529 per BTC.

Meanwhile, the company has spent about $33.7 billion on BTC purchases since 2020, at an average price of $66.608 per bitcoin. At press time, BTC trades at a floor price of $87,000. Thus, Strategy’s BTC bag is valued at over $44 million, as it sits at over $10.3 million in unrealized profits.

$21.7 Billion Fund Raising

Strategy has been on a BTC buying spree since Q4 2024 and has revealed plans to continue adding to its stack. A few days ago, the company announced it would raise $711.2 million by offering 8,500,000 shares of its 10% Series A Perpetual Preferred Stock priced at $85 per share. The company plans to use proceeds from the offering to boost its BTC portfolio.

Moreover, on March 10, 2025, it revealed plans to raise $21 billion via an ATM (At-The-Market) offering. The company chose this fundraising method because it will allow it to gather the funds over a flexible and unfixed timeframe. 

Meanwhile, BTC has shown bullish momentum within the past few hours as it moved from $83,000 to $87,000 on Monday, signaling increased investor interest in the apex coin.

Wilfred Samuel

Senior Editor
Wilfred Samuel is a cryptocurrency enthusiast with over three years of experience in blockchain technology. He conducts thorough research to provide precise and reliable news reports. With a strong foundation in technology, including software development skills, Samuel is equipped with adequate knowledge to navigate the cryptocurrency space effectively.

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