Michael Saylor’s company, Strategy, has acquired $10.7 million worth of Bitcoin, even as it pushes forward with plans to raise up to $21 billion through preferred stock sales to fund further cryptocurrency purchases.
The firm, which has transformed from an enterprise software company into a leveraged Bitcoin investment vehicle, disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it purchased 130 Bitcoin at an average price of $82,981 per BTC between March 10 and March 16. This latest purchase brings its total Bitcoin holdings to approximately $41.6 billion.
The preferred stock sale is part of a broader financial strategy to secure $42 billion over the next few years through a combination of at-the-market stock sales and fixed-income securities. The company has relied on equity and share sales to fund its Bitcoin acquisitions since pivoting from its original approach of using cash reserves.
A Shift in Investment Strategy
Since Saylor initiated the company’s Bitcoin investment strategy in 2020 as a hedge against inflation, Strategy’s stock has surged approximately 2,300%. Bitcoin itself has risen over 600% during the same period.
The company has increasingly turned to hedge funds to drive demand for its convertible debt, with investors engaging in trades that involve purchasing the bonds and shorting Strategy’s stock to capitalize on price volatility.
Despite this financial maneuvering, Strategy’s stock has risen only 2.7% year-to-date, while Bitcoin has declined by 11% over the same period. The company’s latest Bitcoin acquisition is also the smallest ever recorded. Before this purchase, its smallest acquisition was 169 BTC in August 2024.
With this latest acquisition, Strategy now holds 499,226 BTC, purchased at an aggregate cost of approximately $33.1 billion, averaging $66,360 per Bitcoin, including fees and expenses. The company is now 774 BTC away from reaching 500,000 BTC in total holdings.
Saylor acknowledged the acquisition in a statement on social media, saying, “Strategy has acquired 130 BTC for ~$10.7M at ~$82,981 per Bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 3/16/2025, we hodl 499,226 $BTC acquired for ~$33.1 billion at ~$66,360 per Bitcoin.”
According to Strategy’s website, its Bitcoin yield stands at 6.9% year-to-date, well below its 15% target for 2025. Despite its aggressive buying strategy, the firm’s latest Bitcoin acquisition comes amid a decline in Bitcoin’s price, which fell below $80,000 last week.
Strategy has acquired 51,656 BTC in seven announced acquisitions so far in 2025.
