Quick Summary
- Strategy (formerly MicroStrategy) purchased 6,556 BTC worth $587.8 million.
- The buy came after Bitcoin crossed its monthly high of $87,400.
- BTC was bought using proceeds from Common AM and STRK ATM offerings.
- Total holdings: 538,200 BTC valued at around $36.47 billion.
- Average BTC cost: $67,766 per coin.
- Despite recent gains, BTC remains below its previous $100K all-time high.
- Strategy faces $8B in debt, with annual interest/dividends of $185 million.
Bitcoin Boom: Strategy Adds More to Its Stash
In a bold move that reaffirms its long-term bullish stance, Strategy—the world’s largest corporate Bitcoin holder—has added 6,556 BTC to its treasure chest. The acquisition, valued at $587.8 million, follows Bitcoin’s surge past its monthly high of $87,400.
The purchase was revealed in a recent SEC filing and funded through proceeds from the company’s Common AM and STRK ATM—at-the-market offerings of its common and preferred stock.
Strategy’s Bitcoin War Chest Grows
With this acquisition, Strategy now holds 538,200 BTC, with the total value clocking in at approximately $36.47 billion. The company’s average cost per Bitcoin stands at $67,766, giving it a 12.1% return on its 2025 BTC investments so far.
This move comes on the heels of another major buy just a week ago, when Strategy acquired 3,459 BTC for $285.8 million between April 7 and 13.
Balancing Growth and Debt
While Strategy continues to aggressively invest in Bitcoin, financial pressures loom. With a reported $8 billion debt, the company pays $35 million in annual interest and $150 million in yearly dividends.
In early April, Strategy hinted it might consider selling BTC if financing options fall short.
Bitcoin Price Movement
As of writing, BTC is trading at $87,273, showing a 3.5% gain in the past 24 hours. The price had previously peaked at $87,638, making this the highest level since March 28.
Final Thoughts
Strategy’s unwavering commitment to Bitcoin continues to make waves in the crypto world, even amid mounting financial challenges. Will this bold bet pay off? Time—and market momentum—will tell.