Currencies33426
Market Cap$ 3.61T+1.37%
24h Spot Volume$ 52.14B+4.26%
DominanceBTC60.39%+0.03%ETH8.57%+0.48%
ETH Gas0.38 Gwei
Cryptorank
MainNewsStrategy Buy...

Strategy Buys Another $584 Million Worth Of Bitcoin


by Vivek Sen Bitcoin
for Bitcoin Magazine

Bitcoin Magazine

Strategy Buys Another $584 Million Worth Of Bitcoin

Business intelligence company Strategy has purchased an additional $584 million worth of bitcoin, increasing its total holdings to over half a million BTC.

Strategy acquired 6,911 bitcoin between March 17-23 at an average price of $84,529 per coin. This brings the company’s bitcoin reserves to 506,137 BTC purchased at a cost of $33.7 billion.

Strategy has been aggressively accumulating bitcoin since 2020 under the direction of CEO Michael Saylor. The company views bitcoin as a long-term store of value to hedge against inflation and global uncertainty.
Funds for this latest bitcoin purchase came from Strategy’s sale of 1.975 million shares of common stock, raising approximately $592 million and the STRK ATM.

With its laser focus on bitcoin, Strategy has become a leading corporate example of allocating treasury reserves to vitcoin. Other public companies, like Metaplanet and Semler Scientific, have followed a similar game plan on a smaller scale.

By staking its future on bitcoin’s network effects and adoption as ‘digital gold’, Strategy aims to maximize long-term shareholder value. The company’s stock price has skyrocketed since its first BTC purchase.

With bitcoin gaining credibility among institutions, companies, and even nations, Strategy remains confident in its bitcoin-centric strategy. This latest acquisition shows the company putting its money where its mouth is during the asset’s ongoing maturation.

This post Strategy Buys Another $584 Million Worth Of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.

Read the article at Bitcoin Magazine

Read More

Michael Saylor Shares ROI Charts Showing MSTR Beats Bitcoin, Tech Stocks

Michael Saylor Shares ROI Charts Showing MSTR Beats Bitcoin, Tech Stocks

On May 24, 2025, Michael Saylor published two performance charts comparing major asse...
Strategy Slumps 6%, Leading Crypto Names Lower as Bitcoin Treasury Strategies Are Questioned

Strategy Slumps 6%, Leading Crypto Names Lower as Bitcoin Treasury Strategies Are Questioned

Bitcoin slumped just modestly from record high levels on Friday, but the carnage in r...
MainNewsStrategy Buy...

Strategy Buys Another $584 Million Worth Of Bitcoin


by Vivek Sen Bitcoin
for Bitcoin Magazine

Bitcoin Magazine

Strategy Buys Another $584 Million Worth Of Bitcoin

Business intelligence company Strategy has purchased an additional $584 million worth of bitcoin, increasing its total holdings to over half a million BTC.

Strategy acquired 6,911 bitcoin between March 17-23 at an average price of $84,529 per coin. This brings the company’s bitcoin reserves to 506,137 BTC purchased at a cost of $33.7 billion.

Strategy has been aggressively accumulating bitcoin since 2020 under the direction of CEO Michael Saylor. The company views bitcoin as a long-term store of value to hedge against inflation and global uncertainty.
Funds for this latest bitcoin purchase came from Strategy’s sale of 1.975 million shares of common stock, raising approximately $592 million and the STRK ATM.

With its laser focus on bitcoin, Strategy has become a leading corporate example of allocating treasury reserves to vitcoin. Other public companies, like Metaplanet and Semler Scientific, have followed a similar game plan on a smaller scale.

By staking its future on bitcoin’s network effects and adoption as ‘digital gold’, Strategy aims to maximize long-term shareholder value. The company’s stock price has skyrocketed since its first BTC purchase.

With bitcoin gaining credibility among institutions, companies, and even nations, Strategy remains confident in its bitcoin-centric strategy. This latest acquisition shows the company putting its money where its mouth is during the asset’s ongoing maturation.

This post Strategy Buys Another $584 Million Worth Of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.

Read the article at Bitcoin Magazine

Read More

Michael Saylor Shares ROI Charts Showing MSTR Beats Bitcoin, Tech Stocks

Michael Saylor Shares ROI Charts Showing MSTR Beats Bitcoin, Tech Stocks

On May 24, 2025, Michael Saylor published two performance charts comparing major asse...
Strategy Slumps 6%, Leading Crypto Names Lower as Bitcoin Treasury Strategies Are Questioned

Strategy Slumps 6%, Leading Crypto Names Lower as Bitcoin Treasury Strategies Are Questioned

Bitcoin slumped just modestly from record high levels on Friday, but the carnage in r...