$286 million in fresh BTC purchases
Strategy, formerly MicroStrategy, has added another 3,459 BTC to its treasury, spending $285.8 million in cash at an average price of $82,618 per bitcoin. This brings its total holdings to 531,644 BTC, worth over $45 billion at current prices.
The acquisition was funded by the sale of 959,712 shares of Strategy’s class A stock (MSTR). The firm still has over $2 billion in authorized equity available under its issuance programs.
Saylor reaffirms long-term vision
Co-founder Michael Saylor commented with his signature tone, updating the public BTC tracker and writing, “No tariffs on orange dots.” The firm’s aggressive buying strategy aligns with its long-standing plan to raise $42 billion in capital through equity and fixed income for bitcoin acquisition.
Despite recent losses and bitcoin’s 12% drop in Q1 2025, Strategy’s market cap remains strong, and its leverage is modest at under 13%, with no debt maturities until 2028.
Analysts expect BTC holdings to double
While some investors continue to question the premium valuation of MSTR relative to its NAV, Bernstein analysts predict Strategy could hold over 1 million BTC by 2033. The company’s stock rose over 10% last Friday and is recovering in 2025 after a challenging start to the year.
With each major BTC purchase, Strategy further cements itself as the largest corporate holder of bitcoin, now owning more than 2.5% of the total 21 million BTC supply.
