MicroStrategy (Formerly Known as MicroStrategy) Has Purchased Another 6,911 BTC Tokens for $584.1M

Michael Saylor's company, Strategy (formerly known as MicroStrategy), has acquired an astonishing 6,911 BTC tokens for $584.1 million. This recent purchase now cemented Strategy's position as the largest corporate Bitcoin holder.

Michael Saylor’s company, Strategy (formerly known as MicroStrategy (NASDAQ:MICRO) ), has made another astounding cryptocurrency purchase, scooping up an impressive 6,911 BTC tokens for $584.1 million. This recent purchase now cemented Strategy’s position as the largest corporate Bitcoin holder.

The purchase was made somewhere in the last week at an average price of $84,529 for a Bitcoin.

What Happened: According to a recent SEC filing, Strategy disclosed that it funded this latest Bitcoin purchase through the sale of 1.975 million shares of common stock. The stock sale was completed at an average price of $297.44 per share, contributing to a total capital gain of $583.3 million.

Additionally, the income from its Series A Perpetual Preferred Stock is also being used to fund the Bitcoin purchase. The preferred stock carries a 10% yearly dividend rate. This has helped Strategy raise money without diluting shareholder’s rights.

After the recent purchase, Strategy now holds a total of 506,137 BTC coins which are valued at $44 billion according to the latest prices. Strategy began investing in Bitcoin back in 2020 and has since sold debt and equity to fund its cryptocurrency treasury.

The company is the largest corporate Bitcoin holder and to date, it has spent $33.7 billion to acquire the coins at an average cost of $66,608 per token. Despite Bitcoin’s volatile phases, Strategy’s holdings have seen substantial growth, reporting a remarkable paper profit of about $10 billion.

This huge milestone comes as Bitcoin displays fantastic progress on the charts, recently having touched $88,000. The ‘strategic’ move also highlights Michael Saylor’s bullish stance on Bitcoin for many years and his belief in Bitcoin as a store of value and a hedge against inflation.

While Strategy continues to be the largest corporate Bitcoin holder, other institutions have also poured in a bid for Bitcoin. The growing interest has amplified the global rally as Bitcoin continues to impress. Let’s also take a quick look at Bitcoin’s latest price action with a detailed analysis. Stay tuned for the BTC price prediction at the end!

Bitcoin Price Analysis of the Last 24 Hours: Bitcoin Continues Strong Upward Momentum

The seasoned token began the day with a big golden cross as it spiked upward, going from $85,700 to $86,725 within an hour. The overbought RSI was already calling for a price drop at that point, as Bitcoin quickly slid to $85,561 by 2:00 UTC.

As buying pressure started picking up steam again, a golden cross appeared, and Bitcoin hopped on an upward trend. The upward trend slowly formed an ascending channel, and Bitcoin was trading at $87,851 by 10:00 in the morning.

Chart 1 – Published on Tradingview, March 25, 2025

A slight correctional phrase occurred as the BTC price slipped $87,182. But a golden cross soon appeared, driving the price across the $88K mark. BTC traded at $88,655 for a moment before the trend reversed.

Bitcoin was then observed in a sideways channel, oscillating in a range with strict resistance at $88,457. Failure to break the resistance led Bitcoin into a downward trend as the buying pressure receded as well. The downtrend eventually took the BTC price to $86,365.

BTC Price Prediction: Will BTC Continue To Grow Despite Early Low on March 24?

Bitcoin’s path back to $88K has been characterized by stable growth and brief falls. Given that, based on historic performances and investor confidence, Bitcoin is bound to grow from the $86,365 support.

With institutional interest at an all-time high and the whole world looking at Bitcoin, the future looks bright for the leading coin.