Strategy acquired another 6,911 bitcoins last week, hitting a major psychological milestone of more than half a million cryptocurrencies in its reserves, founder Michael Saylor announced Monday.
“$MSTR purchased 6,911 BTC for ~$584.1M at ~$84,529 per Bitcoin and achieved a 7.7% BTC return since the start of 2025,” Saylor wrote in a social media post on March 24.
“As of 03/23/2025, Strategy holds 506,137 BTC, purchased for ~$33.7 billion at ~$66,608 per bitcoin.”
Strategy Continues Bitcoin Buyback
The purchase, disclosed in the March 24 filing with the U.S. Securities and Exchange Commission (SEC), came just a day after Saylor suggested that another Bitcoin acquisition from a Virginia-based software company could be on the horizon.
According to a chart posted by Saylor and titled "Tracking the MicroStrategy Portfolio," the executive chairman indicated he needed "more orange."
Saylor Makes Case for Crypto Regulation
Strategy's latest investment comes amid turbulent times for the digital asset sector, as fears of US President Donald Trump's high tariffs on foreign countries curb economic growth.
Despite Bitcoin's rally since last November's election, the token has fallen significantly since its peak of $109,000 in early January.
According to a Polymarket poll , most viewers believe the cryptocurrency will hit $110,000 this year, although its chances of going beyond that appear to be dwindling. Bitcoin is up 2.42% as of Monday, as reports suggest the scope of Trump's looming tariffs may not be as sweeping as previously reported.
Saylor, meanwhile, has played an active role in influencing the Trump administration’s crypto policy. Most recently, he attended the White House Crypto Summit earlier this month alongside key crypto industry players, including Coinbase CEO Brian Armstrong, Gemini co-founders Cameron and Tyler Winklevoss, and Ripple CEO Brad Garlinghouse.
During the summit, Saylor unveiled a crypto strategy that he claims could boost the US economy by $100 trillion.
In addition to creating a strategic Bitcoin reserve, the overarching framework calls for ending “hostile and unfair tax policies against miners, cryptocurrency holders and exchanges” as a means of increasing the sector’s legitimacy.
However, it remains to be seen how the new regulatory changes will impact Bitcoin's price.
How much bitcoin did MicroStrategy buy this time?
MicroStrategy purchased 6,911 BTC for approximately $584.1 million, with the average price per bitcoin being $84,529.
Why is this purchase so important? The acquisition pushes MicroStrategy's total Bitcoin holdings past the 500,000 BTC mark, cementing its position as the largest corporate holder of Bitcoin.
How does this affect the Bitcoin market outlook? Such an outcome could set a precedent for clearer legal interpretation in cryptocurrency disputes. A certain decision could change judicial reviews and the strategies of regulators and digital asset companies in future challenges.