Strategy (formerly MicroStrategy) Extends its Position as the Top Bitcoin Holder

Strategy, previously referred to as MicroStrategy, has cemented its position as the top corporate Bitcoin holder after buying another 6,911 BTC

Strategy, formerly known as MicroStrategy, has continued its massive Bitcoin accumulation in the last week, adding another 6,911 BTC to its treasury.

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Strategy bought these coins at an average price of $584.1 million, for a total value of around $42.8 billion at the last known price.

These purchases, which took place from March 17 to March 23, 2025, bring Strategy’s total Bitcoin holdings to over 506,137 coins.

The company also sold a portion of its common shares (MSTR) and preferred stock (STRK) to finance the latest Bitcoin acquisition.

Strategy sold about 1.975 million of its MSTR shares, generating approximately $592.6 million from the sale. The company also sold shares of STRK for a total value of $1.1 million.

As of the last filing, Strategy still has approximately $3.57 billion in MSTR shares and $20.99 billion in STRK shares available to sell through these programs.

The filing reveals that the cost of this latest Bitcoin purchase was an average of $84,529 per coin.

Strategy’s overall average cost per Bitcoin now stands at approximately $66,608. The firm’s Bitcoin investments have returned 7.7% so far in 2025 on a year-to-date basis.

This strategy demonstrates a strong commitment to cryptocurrency but also carries risks, especially considering that the company uses borrowed money to finance these purchases.

Despite these risks, Strategy is still the clear market leader in corporate Bitcoin holdings and is far ahead of other companies like Tesla (NASDAQ:TSLA), which has been rumored to be selling its Bitcoin holdings to replenish its cash reserves.