Strategy Surpasses 500,000 Bitcoin Milestone with Latest Acquisition

Strategy, the company formerly known as MicroStrategy, announced Monday it has accumulated more than half a million Bitcoin, further cementing its position as the largest corporate holder of the cryptocurrency. The Tysons, Virginia-based firm added 6,911 Bitcoin to its treasury last week, bringing its total holdings to 506,137 BTC with a current valuation of $44.2 billion.

The latest acquisition came at an average price of $84,500 per Bitcoin, slightly above the $83,000 average price the company paid for 130 Bitcoin just one week earlier, according to a press release issued by the company.

To finance its aggressive Bitcoin accumulation strategy, Strategy has been actively raising capital through equity sales. The company disclosed that it recently sold approximately two million shares of its Class A common stock, generating approximately $593 million in net proceeds. These stock sales were executed under an at-the-market equity offering program established in October, which authorizes the firm to sell up to $21 billion in common shares. Following the recent transactions, Strategy retains the ability to sell an additional $3.57 billion in company stock through this program.

Michael Saylor, co-founder and Executive Chairman of Strategy, hinted at the impending Bitcoin purchase on Sunday through social media. “[The chart] needs more orange,” he said on X (formerly Twitter), referring to the visualization that tracks the company’s Bitcoin acquisitions represented by orange dots.

The company’s transformation has been remarkable since 2020, when it pivoted from being primarily a software business to focusing on Bitcoin acquisition and holding. According to Saylor Tracker, Strategy deployed $19.3 billion on Bitcoin purchases last year alone, leveraging convertible debt and other financial instruments to maximize its acquisition capacity.

In addition to its common stock sales, Strategy reported raising $1.1 million through the sale of its “perpetual strike preferred stock.” This Nasdaq-listed product, trading under the ticker STRK, was introduced in January 2025 and offers an 8% cumulative dividend payable in either cash or Class A common shares.

Market reaction to the announcement was initially mixed, with Strategy‘s stock price dipping to $311.36 at the U.S. market opening according to Nasdaq. However, shares quickly rebounded and were trading up 7.2% on the day. Meanwhile, the company’s STRK shares, which began trading on January 31, increased 1.1% to $86.50, though remaining below their peak of approximately $99 reached last month.

Despite Bitcoin’s recent price volatility amid President Donald Trump‘s trade policies and broader economic uncertainty, Strategy appears undeterred in its Bitcoin accumulation strategy. The company disclosed it has already spent $5.3 billion acquiring Bitcoin in the first quarter of 2025 alone, though analysts note that raising funds cheaply has become more challenging in the current economic environment.

The half-million Bitcoin milestone represents a significant achievement for Strategy, which continues to demonstrate unprecedented corporate commitment to the cryptocurrency as both a treasury reserve asset and central business focus.

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