Michael Saylor’s Strategy Expands Bitcoin Holdings to 538,200 BTC

Strategy has increased its total Bitcoin holdings to 538,200 BTC by purchasing an additional 6,556 BTC for $555.8 million, funded through ATM stock offerings. The total investment in Bitcoin now amounts to $36.47 billion, making Strategy the largest corporate BTC holder with an average purchase price of $67,766. MSTR shares rose by 2.77% following the news.

Strategy has successfully increased its Bitcoin holdings to 538,200 BTC by purchasing 6,556 BTC at a total cost of $555.8 million. This latest acquisition, revealed in a recent regulatory filing, was financed through proceeds from two at-the-market (ATM) stock offering programmes. To facilitate this purchase, the company sold 1.76 million shares of Class A common stock and over 91,000 preferred stock shares between April 14 and April 20.

The sale included raising $547.7 million from the common stock and $7.8 million from preferred shares. This brings Total expenditure on Bitcoin by Strategy to approximately $36.47 billion, making it the largest corporate holder of BTC. The average price paid per Bitcoin in this round is reported to be $67,766.

Following this announcement, shares of Strategy (MSTR) saw a pre-market rise of 2.77%, coinciding with Bitcoin’s increase to $87,300. This strategic move by Michael Saylor, who leads the company, continues to reflect the firm’s commitment to Bitcoin as a long-term asset.