Michael Saylor is back at it, and this time, he has taken Strategy ($MSTR) into uncharted territory. The company has officially become the first public firm to acquire over half a million Bitcoin, cementing its status as the ultimate corporate BTC whale.
A Record-Breaking Bitcoin Buy
On March 24, Strategy (formerly MicroStrategy) announced that between March 17 and March 23, it purchased 6,911 BTC for approximately $584.1 million at an average price of $84,529 per Bitcoin. This latest purchase pushes the company’s total Bitcoin holdings to an astounding 506,137 BTC, acquired for around $33.7 billion at an average cost of $66,608 per BTC.
Funding the Bitcoin Frenzy
To fund this historic acquisition, MicroStrategy sold 1.97 million MSTR shares, raising $592.6 million. Additionally, the company offloaded 13,100 STRK shares, adding another $1.1 million to its capital reserves. Despite these sales, Strategy still holds a massive war chest—with $3.57 billion worth of MSTR shares and $20.99 billion in STRK shares ready for future use.
Answering the Critics with a Bold Move
Saylor’s latest Bitcoin purchase comes after some in the crypto community questioned whether his enthusiasm for BTC was cooling off—especially after he made a relatively modest 130 BTC purchase earlier. However, he has now silenced the skeptics in true Saylor fashion—by making yet another record-shattering buy.
Saylor’s All-In Bitcoin Bet
At this stage, one thing is crystal clear: Michael Saylor isn’t just a believer in Bitcoin—he’s all in. With over $33 billion poured into BTC, Strategy has solidified its place as the ultimate corporate Bitcoin whale, setting a precedent for other firms contemplating large-scale crypto investments.
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