Strategy Acquires 6,556 Bitcoin, Raises Concerns Over Future Performance

Strategy has acquired 6,556 Bitcoin for $555.8 million, bringing total holdings to 538,200 BTC. The purchase was funded through recent stock offerings. The Bitcoin has provided notable returns, amassing $455 million in gains within the current quarter. Despite this, some critics warn that the ongoing acquisition strategy may result in losses if Bitcoin prices decline.

Strategy, previously known as MicroStrategy, has successfully acquired 6,556 Bitcoin (BTC) for a total of $555.8 million. This acquisition was financed through the company’s recent stock offerings, in which it sold 1.76 million shares of Class A common stock and over 91,000 preferred shares (STRK) between April 14 and April 20, raising $547.7 million and $7.8 million, respectively.

With this new purchase, Strategy’s total Bitcoin holdings have surged to 538,200 BTC, with an average acquisition price of $67,766 per coin. The company’s aggressive buying strategy stems from the leadership of Michael Saylor, its executive chairman, and follows a frequent pattern of acquisitions, including the most recent 3,459 BTC purchase on April 14.

On a performance note, Bitcoin holdings have proven profitable for the company, yielding 1% for the quarter-to-date (QTD) and 12.1% since the year began, translating into a remarkable $455 million increase from 5,209 BTC bought during the current quarter. Year-to-date (YTD) gains for Bitcoin have reached $4.72 billion, showcasing a strong performance so far in 2025.

However, this strategy has faced scrutiny, particularly from critics like Peter Schiff. He cautioned that Strategy’s continuous Bitcoin acquisitions could lead to future losses, as rising average purchase costs paired with declining Bitcoin prices could put the company at risk of holding its Bitcoin at a loss, should market values dip below acquisition prices.