title: Strategy (formerly MicroStrategy) acquires 7,000 bitcoins (BTC) worth $584 million

Strategy, formerly MicroStrategy, is announcing the acquisition of nearly 7,000 more Bitcoin (BTC) worth approximately $584 million.

Strategy (NASDAQ: MGEN) has announced the acquisition of nearly 7,000 more Bitcoin (BTC) for around $584 million.

In a new post to the social media platform X, Strategy says it now owns over 500,000 BTC.

“Strategy has acquired 6,911 BTC for ~$584.1 million at ~$84,529 per bitcoin and has achieved BTC Yield of 7.7% YTD 2025. As of 3/23/2025, we hodl 506,137 BTC acquired for ~$33.7 billion at ~$66,608 per bitcoin.”

According to data from BitcoinTreasuries.net, Strategy now owns over 2% of the global circulating BTC supply.

Other top holders include US firms MARA Holdings (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT), Tesla (NASDAQ:TSLA), and Coinbase (NASDAQ:COIN) – all adding up to less than 1% of the Bitcoin supply.

Two weeks ago, Strategy’s executive chairman, Michael Saylor, announced plans to sell stock and buy more Bitcoin.

In a statement, Saylor said the company plans to sell up to 250,000 shares of its common stock to fund the purchase of more Bitcoin.

The funds will be allocated for general corporate purposes, including acquiring additional Bitcoin.

According to the announcement, the funds will be allocated for general corporate purposes, including acquiring additional Bitcoin.

Strategy says the stock sale, part of Strategy’s “21/21 plan,” aims to raise capital through the issuance of 8% Series A Perpetual Strike Preferred Stock.

The issuance of perpetual preferred stock aims to allow Strategy to raise significant capital without committing to a repayment timeline, as these shares don’t have a maturity date.

According to the firm, the move will also help it maintain a strong balance sheet and continue to execute on its corporate strategy.

Meanwhile, Strategy’s move to sell stock and buy more Bitcoin comes amid a recent downturn in the cryptocurrency market.

Bitcoin has lost nearly 50% of its value since reaching an all-time high of nearly $70,000 last year.

However, despite the recent market crash, Saylor remains bullish on Bitcoin, maintaining that it’s the best-performing asset class of the past decade.

During an interview at the Conservative Political Action Conference (CPAC) earlier this week, Saylor said that BTC was “digital property” and an important tool for the US to “own cyberspace” in the future.