MicroStrategy Owns Over 500K Bitcoin—Saylor’s Latest BTC Bet

– Advertisement –

• MicroStrategy’s Bitcoin holdings surpass 500,000 BTC, valued at $44.2 billion, reflecting Saylor’s long-term confidence in the asset.
• The firm’s latest acquisition of 6,911 BTC at a market dip highlights its strategy of buying during price corrections for future growth.

MicroStrategy, the business intelligence firm led by Michael Saylor, has made another move in the Bitcoin market. The company recently acquired an additional $584 million worth of Bitcoin, pushing its total holdings beyond 500,000 BTC. This new purchase, which amounted to 6,911 BTC, confirms Saylor’s continued confidence in the cryptocurrency’s long-term potential despite market fluctuations.

JUST IN: Michael Saylor’s ‘Strategy’ buys another 6,911 Bitcoin worth $584 million.

— Watcher.Guru (@WatcherGuru) March 24, 2025

The latest acquisition brings MicroStrategy’s total Bitcoin holdings to 506,137 BTC. This victory is the latest in a series of strategic Bitcoin purchases that have positioned the company as one of the largest institutional cryptocurrency holders. As of the most recent data, MicroStrategy’s Bitcoin holdings are valued at approximately $44.2 billion, based on the current market price of around $88,461 per Bitcoin.

The firm has accumulated Bitcoin since 2020, investing around $33.7 billion in the asset. With an average purchase price of approximately $66,608 per BTC, MicroStrategy has shown a long-term commitment to the digital asset, viewing it as a store of value rather than a short-term speculative play.

The Latest Bitcoin Acquisition

Saylor hinted at this latest purchase just days before it was finalized after the company raised funds through its preferred stock offering. The offering, which was priced at $85 per share with a 10% coupon, is expected to generate around $711 million in capital by March 2025.

According to an SEC filing, the 6,911 BTC were acquired at a price that reflects the dip in the market, further solidifying MicroStrategy’s strategy of buying Bitcoin during price corrections. This approach has allowed the company to constantly build its position in Bitcoin at a favorable price, further increasing its exposure to the cryptocurrency’s potential upside.

Saylor’s Strategic Approach to Bitcoin

According to ETHNews, Michael Saylor’s belief in Bitcoin as a superior asset class has been well-documented. Through MicroStrategy, Saylor has led the charge in the institutional adoption of Bitcoin, even when others were hesitant about the cryptocurrency’s volatility.

In a recent social media statement, Saylor affirmed this stance, describing the company’s portfolio as needing “more orange,” referring to Bitcoin’s iconic color. The phrase reflects his continued confidence in Bitcoin’s future as a global digital asset.

Needs more Orange. pic.twitter.com/BRyWs1ey80

— Michael Saylor (@saylor) March 23, 2025

Bitcoin’s Market Performance

Bitcoin’s performance in recent weeks has further fueled optimism among its supporters. As of press time, Bitcoin was priced at $88,461, reflecting a 4.23% increase over the last 24 hours. The digital asset’s market capitalization now stands at $1.75 trillion, with daily trading volumes reaching $25.21 billion.

Moreover, Bitcoin’s recent price movements have shown a bullish trend, rising in a short period. The cryptocurrency’s price surge from $84,900 to its current level on March 23-24 indicates increased investor interest, driven by factors including favorable regulatory developments and institutional support.