Michael Saylor’s New Strategy: $584 Million Bitcoin Acquisition!

Jakarta, Pintu News—Business analytics firm Strategy, formerly known as MicroStrategy, recently announced a massive purchase of Bitcoin . Strategy’s founder, Michael Saylor, shared an announcement on the X platform on March 24, revealing that the company had purchased 6,911 Bitcoin (BTC) for a total value of $584.1 million.

This purchase increases the company’s total Bitcoin (BTC) holdings to over 500,000 BTC. These purchases were made at an average price of approximately $84,529 per Bitcoin (BTC), indicating the company’s long-term investment strategy amid market fluctuations.

Check out the full information below!

Bitcoin Accumulation Strategy

With this latest acquisition, Strategy now has 506,137 Bitcoin (BTC) that it has purchased, totaling over $33.7 billion. This places Strategy as one of the largest holders of Bitcoin (BTC) in the world, with over 2.3% of the total Bitcoin (BTC) supply in circulation.

Strategy’s boldness in accumulating Bitcoin (BTC) shows its strong belief in the crypto asset’s long-term value. These large purchases are part of a broader strategy to increase the company’s investment portfolio.

Strategy has announced plans to raise an additional $21 billion in capital by selling class A preferred shares. The funds generated from the sale of these shares are planned to be used in general corporate operations, which may include further Bitcoin (BTC) purchases.

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Market Response and Future Prospects

The crypto market has responded mixed to Strategy’s big move. Despite macroeconomic uncertainty and high market volatility, some analysts have seen Strategy’s decision to continue investing in Bitcoin (BTC) as a positive sign.

This shows confidence in the resilience and growth potential of Bitcoin (BTC) as a safe haven asset. Moreover, with the 7.7% annualized Bitcoin (BTC) yield achieved by the Strategy, this investment is not just about short-term speculation.

Conclusion

Strategy’s move to accumulate Bitcoin (BTC) further confirms the company’s position as a leader in crypto adoption among public companies. With holdings now exceeding 506,000 Bitcoin (BTC), Strategy has strengthened its asset portfolio and set a new standard in corporate investment in digital assets.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Michael Saylor’s Strategy Acquires 6,911 Bitcoin, Now Holds Over 506,000 BTC. Accessed on March 27, 2025
• Featured Image: Bitcoin Sistemi