MicroStrategy Acquires 6,911 Bitcoin for $584 Million, Pushing Total Holdings Beyond 500,000 BTC

MicroStrategy, formerly known as MSTR, acquired 6,911 Bitcoin for $584 million last week, pushing its total holdings beyond half a million BTC.

MicroStrategy, the software company that has been massively buying Bitcoin (BTC) for the past few years, has added another 6,911 coins to its portfolio.

The company bought the Bitcoin for a total of $584 million, paying an average price of $84,529 per coin, according to a recent filing with the U.S. Securities and Exchange Commission (SEC).

The purchase was made between March 17 and 23, 2025, and MicroStrategy used part of the proceeds from its "Common ATM" program to fund it.

During this period, MicroStrategy sold 1,975,000 shares of its Class A common stock at an average price of $299.86 per share, for a total of $592.6 million.

The company also sold 13,100 shares of its new preferred stock at an average price of $843,000 per share, for a total of $1.1 billion.

This preferred stock pays a 10% yearly dividend in cash, payable every quarter. If the company does not pay these dividends, they will grow at increasing rates of up to 18% per year.

This setup allows MicroStrategy to raise money without diluting the voting power of common shareholders.

The Virginia-based company still has plenty of room to sell more stock, as it has about $3.57 billion of common shares and $20.99 billion of preferred shares remaining available for sale.

MicroStrategy began using Bitcoin as its primary treasury reserve asset in the fourth quarter of 2020, and since then, it has amassed a huge stash of the cryptocurrency.

As of March 23, MicroStrategy holds 506,137 Bitcoin, which it has bought for a total of $33.7 billion, at an average price of $66,608 per Bitcoin.

At current prices, MicroStrategy's Bitcoin holdings are worth over $44 billion, making it the biggest corporate owner of the cryptocurrency.

MicroStrategy's investment in Bitcoin has generated significant returns, with an unrealized profit of over $10.6 billion.

The company's Bitcoin has also earned a 7.7% return so far in 2025.

The purchase comes as the global economy faces several challenges, including tariff concerns that could affect markets, according to Nicolai Sondergaard, an analyst at Nansen.

"I'm looking forward to seeing what happens with the tariffs from April 2nd onward in terms of how that's going to factor into the market. That's the biggest driver at this moment," Sondergaard told Cointelegraph.

MicroStrategy's stock price rose 4.8% in early trading on Monday after the announcement, while Bitcoin's price climbed above $87,000 over the weekend.

The company is expected to release its first-quarter earnings report on April 24.

MicroStrategy's bullish strategy has made it a focus for traders and analysts, who are watching to see how the company's stock price and Bitcoin investment will perform in the coming months.

The company's unique approach to capital management and its willingness to make bold moves have earned it both praise and criticism. However, there is no doubt that MicroStrategy has become a major player in the cryptocurrency market.

As the company continues to buy Bitcoin and sell stock, it will be interesting to see how its investment strategy unfolds and what impact it has on the cryptocurrency market.

This article is for informational purposes only, and does not constitute legal, commercial or investment advice. Always seek the advice of a qualified professional in the relevant field before making any crucial decisions or investing in any of the products, or engaging in any of the practices described in this article.

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