Strategy just dropped another $10.7 million on Bitcoin, snagging 130 BTC at a hefty $83,000 each. The company's massive crypto stash now sits at 499,226 BTC – just 774 shy of the big half-million mark. Talk about a shopping spree. Since its first Bitcoin buy in 2020, Strategy has transformed into a Bitcoin-hoarding powerhouse, turning $33 billion into $41.6 billion worth of digital gold. The story behind these bold moves gets even more interesting.
Strategy just added another 130 Bitcoin to its massive crypto pile, dropping $10.7 million at an eye-watering price of nearly $83,000 per BTC. The purchase, funded through Series A perpetual preferred stock sales, brings the company's total holdings to a staggering 499,226 Bitcoin. Yeah, you read that right – they're just 774 BTC shy of the big half-million mark.
This latest move is actually pretty modest by Strategy's standards. The company has historically made much bigger splashes in the crypto pool, having poured over $33 billion into Bitcoin altogether. Their current stash is worth more than $41.6 billion. Their initial venture into Bitcoin included acquiring 21,454 BTC back in August 2020 for $250 million. Not too shabby for a company that's basically turned itself into a Bitcoin-hoarding machine. The announcement on March 17, 2025 triggered a 1% dip in pre-market trading.
The timing is interesting, considering Bitcoin recently dipped below $80,000. With market dominance at 74%, Bitcoin continues to reign supreme in the cryptocurrency space. But Strategy doesn't seem to care about short-term price swings. They're playing the long game, treating Bitcoin like digital gold – though plenty of traditionalists would argue that's a stretch. The company's stock has been on a wild ride, surging 98% year-over-year despite market drama.
Strategy's got ambitious plans for the future, aiming to raise a whopping $42 billion through stock and fixed-income securities by 2027. They're already working on gathering $21 billion through preferred stock issuance. Their current Bitcoin yield sits at 6.9%, though they're shooting for 15% by 2025. Good luck with that.
The financial world can't stop watching Strategy's every move. They've become a sort of leveraged Bitcoin proxy for investors who want crypto exposure without actually touching the stuff. Hedge funds are particularly interested in their convertible debt offerings.
Meanwhile, Strategy keeps doing its thing – buying Bitcoin and raising eyebrows. Some call it genius, others call it crazy. But with their stock up 600% since 2020, they're probably not losing much sleep over the critics.
