Michael Saylor’s Strategy Adds 130 BTCs in Smallest-Ever Purchase
Michael Saylor’s Strategy has acquired 130 additional Bitcoin worth $10.7 million—its smallest BTC purchase to date—funded through preferred stock sale amid its broader $42 billion capital raise plan.
Strategy Adds Modest 130 BTC to Holdings
Strategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, has announced a new addition of 130 BTC to its extensive holdings. The latest acquisition, valued at approximately $10.7 million, marks the company’s smallest Bitcoin purchase since initiating its accumulation strategy in 2020.
The Bitcoins were acquired at an average price of $82,981 per BTC between March 10 and March 16, as disclosed in a filing with the U.S. Securities and Exchange Commission on March 17.
Acquisition Funded by Preferred Stock Sale
The purchase was financed through the sale of 123,000 shares of the company’s preferred stock (STRK), raising roughly $10.7 million in net proceeds. This sale is part of a broader $21 billion at-the-market offering Strategy announced earlier this month.
The company, previously known as MicroStrategy, has increasingly leaned on equity and fixed-income instruments to fund its Bitcoin acquisitions. In October, it revealed a plan to raise $42 billion through 2027 via stock sales and other securities to support continued BTC purchases.
Bitcoin Holdings Near 500,000 Milestone
With this latest acquisition, Strategy and its subsidiaries now hold approximately 499,226 BTC, purchased at a cumulative cost of around $33.1 billion. The firm’s average purchase price stands at $66,360 per BTC, including fees and expenses. To hit the symbolic 500,000 BTC mark, the company would need to acquire an additional 774 BTC.
The company’s Bitcoin holdings are currently valued at approximately $41.6 billion.
Saylor: “A Historic Entry Point”
Speaking at a Miami Beach conference, Chairman Michael Saylor described the current environment as ideal for long-term Bitcoin adoption.
He said,
“This is kind of a historic entry point because all of the risk has been stripped off the asset. You pretty much know Wall Street’s going to embrace it, the US government is going to embrace it, banks in the US are going to embrace, which means that all the other banks will embrace it.”
However he also addressed the current market sentiment, acknowledging its current skittishness over concerns about tariffs and the state of the US economy.
He stated,
“We’re in this macro risk-off zone. When that flips, I think Bitcoin will rip forward with a vengeance.”
Despite the company’s aggressive BTC strategy, shares of Strategy were trading down 3.7% at $286.52 on Monday and remain largely unchanged year-to-date.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
