Strategy’s Bitcoin holdings surpass 500,000
Despite global tariff concerns, Michael Saylor’s Strategy continues to increase Bitcoin holdings, reaching 506,137 BTC.
Michael Saylor’s Strategy has surpassed 500,000 Bitcoin, acquiring 6,911 BTC for $584 million during the recent market dip.
The purchase, made between 17 March and 23 March, has boosted the company’s holdings to a total of 506,137 BTC. The average purchase price was approximately $84,529 per Bitcoin, marking a total acquisition value of around $33.7 billion.
The latest move comes shortly after the company announced the pricing of its preferred stock, which raised approximately $711 million.
Despite global concerns over trade wars and market uncertainty, Strategy remains confident in its Bitcoin investments. Analysts caution that market volatility, influenced by tariff concerns, could affect both traditional and digital assets until at least April.
Strategy’s continued accumulation of Bitcoin amid potential risks from global tariffs signals the company’s commitment to long-term cryptocurrency growth. The decision is made despite external market pressures.
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