Saylor hints at new Bitcoin purchase as holdings surpass 500,000 BTC
The post Saylor hints at new Bitcoin purchase as holdings surpass 500,000 BTC appeared on BitcoinEthereumNews.com.
Key Takeaways Strategy purchased 6,911 BTC for $584.1 million increasing total holdings to 506,137 BTC. The company plans a $42 billion capital raise to further expand their Bitcoin acquisitions. Michael Saylor, Executive Chairman of Strategy, has hinted at an impending Bitcoin acquisition following a recent purchase that pushed the company’s total holdings beyond 500,000 BTC. On March 30, Saylor shared Strategy’s Bitcoin portfolio tracker on X with the caption, “Needs even more Orange,” suggesting the company remains committed to expanding its Bitcoin reserves. These posts have historically preceded new Bitcoin acquisition announcements within the following week. Needs even more Orange. pic.twitter.com/lV5qgUP6oY — Michael Saylor⚡️ (@saylor) March 30, 2025 On Monday, Strategy announced that it had added 6,911 BTC, worth approximately $584 million, to its holdings. The purchase was made at an average price of $84,529 per Bitcoin between March 17 and March 23. With this latest acquisition, the Nasdaq-listed company has increased its Bitcoin holdings to 506,137 BTC, valued at over $42 billion at current market prices, making it the first publicly traded firm to surpass 500,000 BTC. Strategy acquired its Bitcoin at an average price of $66,608 per BTC, with total costs amounting to approximately $33.7 billion, including fees and expenses, according to data from SaylorTracker. Despite recent price fluctuations, the company still holds $8.3 billion in unrealized gains. Bitcoin is currently trading at $83,000, showing a slight recovery after dipping to $82,100 on Saturday, per TradingView. Strategy’s STRF Perpetual Preferred Stock Offering On March 21, Strategy announced the pricing of its 10.00% Series A Perpetual Strife Preferred Stock (STRF) offering. The company increased the stock offering from $500 million to $722.5 million, aiming to raise approximately $711 million in net proceeds to fund further Bitcoin acquisitions and support operations. The offering was scheduled to settle on March 25,…
Filed under: News - @ March 30, 2025 1:15 pm