Bitcoin-focused treasury firm Strategy (formerly MicroStrategy) has achieved a historic milestone by accumulating over 506,137 BTC, solidifying its position as the world's largest corporate Bitcoin holder. This represents approximately 2.4% of Bitcoin's total supply (21 million coins). The company recently added 6,911 BTC in a single week (March 17–23, 2025) at an average price of **$84,529 per Bitcoin**, investing $584.1 million.
Key Metrics at a Glance
- Total BTC Holdings: 506,137 BTC
- Total Investment: $33.7 billion
- Average Purchase Price: $66,608 per BTC (including fees)
- Year-to-Date Return: ~7.7%
Funding the Expansion
Strategy employs innovative capital-raising strategies to fuel its Bitcoin acquisitions:
Preferred Stock Offerings:
- Raised **$722.5 million** through 10% Series A Perpetual Strife Preferred Stock (STRF), exceeding the initial $500M target due to high demand.
- Issued 13,100 STRK shares, generating $1.1M.
Equity Sales:
- Sold 1,975,000 MSTR shares for $592.6M.
- Remaining capital reserves: $3.57B in MSTR shares** and **$20.99B in STRK shares available for future purchases.
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Market Context and Institutional Demand
Bitcoin ETFs saw net inflows of $744.4M (week ending March 21), reversing a 5-week outflow trend.
- BlackRock’s IBIT: $537.5M inflows
- Fidelity’s FBTC: $136.5M inflows
- BTC Price (March 23, 2025): $87,821, reflecting strong institutional confidence.
Michael Saylor, Strategy’s executive chairman, reaffirmed Bitcoin’s role as "the ultimate store of value", emphasizing continued acquisitions through strategic financing.
Risks and Future Outlook
- Regulatory Uncertainty: Global cryptocurrency frameworks remain in flux.
- Market Volatility: Geopolitical risks (e.g., trade wars) may impact short-term price action.
- Long-Term Strategy: Strategy plans to maintain aggressive BTC accumulation, leveraging available capital reserves.
FAQ Section
Q: Why does Strategy prioritize Bitcoin over traditional assets?
A: Bitcoin’s scarcity (21M cap), hedge against inflation, and institutional adoption align with Strategy’s treasury strategy.
Q: How does Strategy fund its Bitcoin purchases?
A: Through hybrid financing—preferred shares, equity sales, and fixed-income securities under its "21/21 plan" targeting $42B total raises.
Q: What’s the significance of holding 500,000+ BTC?
A: It establishes Strategy as a market leader, controlling ~2.4% of Bitcoin’s total supply, with compounded upside potential.
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Conclusion
Strategy’s landmark 500,000+ BTC holdings underscore its pioneering role in corporate Bitcoin adoption. By leveraging capital markets and maintaining a long-term view, the firm sets a blueprint for digital asset integration into treasury management. As institutional interest grows, Strategy’s dominance is poised to reshape how businesses perceive and utilize cryptocurrency reserves.
Note: All data reflects filings as of March 24, 2025.