Strategy (formerly MicroStrategy) announced on March 31 that it acquired 22,048 Bitcoin (BTC) worth $1.92 billion. Between March 24 and March 30, the company finalized its Bitcoin purchase at an average price of $86,969 per coin. The company financed this acquisition through recent stock sales, generating $1.22 billion by selling common stock and preferred stock through at-the-market offerings. Strategy maintains a Bitcoin stash of 528,185 coins obtained through various purchases costing $35.63 billion at $67,458 per coin.
This latest move aligns with Strategy’s ongoing commitment to accumulating Bitcoin as a core treasury asset. The firm reported a yield of 11.0% year-to-date, showcasing its strategic focus on cryptocurrency. With current Bitcoin prices hovering around $82,000, Strategy’s holdings carry a market value exceeding $43 billion. The company continues to tap capital markets, including a recent $711.2 million preferred share offering, to fuel its aggressive acquisition plans.