- MicroStrategy now holds 506,137 BTC, securing over $10 billion in unrealized profits amid rising prices.
- The company raised $711 million through a preferred stock offering to fund its Bitcoin strategy.
- Despite market uncertainty, MicroStrategy continues to accumulate Bitcoin, reinforcing its leadership in corporate holdings.
MicroStrategy has expanded its Bitcoin holdings with the purchase of 6,911 BTC for approximately $584 million. The company acquired the Bitcoin between March 17 and March 23 at an average price of $84,529 per coin, according to a filing with the U.S. Securities and Exchange Commission (SEC) on March 24.
MicroStrategy’s total Bitcoin holdings now stands at 506,137 BTC, purchased for an aggregate cost of around $33.7 billion. Currently, the company owns more than half a million Bitcoin and hence ranks as the largest corporate holder of the cryptocurrency.
Bitcoin Holdings Reach New Milestone with Over $10 Billion in Gains
MicroStrategy’s aggressive Bitcoin strategy has resulted in more than $10 billion in unrealized profits. The company purchased Bitcoin at an average price of $66,608 that trails behind the current market price exceeding $87,000.
Bitcoin’s price surge over the past two years has strengthened MicroStrategy’s position. The upward movement of Bitcoin from its early-2023 price below $30,000 has driven the company’s total holdings to the estimated value of $43.66 billion.
Source:Saylortracker
A number of Bitcoin acquisitions by MicroStrategy show losses even though the company generally reached significant gains from its investments. MicroStrategy acquired 10,107 Bitcoins on January 27 at an average price of $105,596 which has yielded a 19.74% decrease from current market value.
Moreover, the approximately 20,000 Bitcoin acquired on February 24 for $97,514 has not recovered its value as it stands. However, MicroStrategy continues to follow its long-term accumulation strategy.
MicroStrategy Secures $711 Million Through Preferred Stock Offering
MicroStrategy’s latest Bitcoin purchase follows the pricing of a preferred stock offering announced on March 21. The stock issue sold at $85 per share provides a 10% coupon and will produce $711 million in revenue. This transaction will receive settlement on March 25th 2025.
Executive Chairman Michael Saylor indicated that Bitcoin investment would happen before the acquisition. The company maintains its Bitcoin funding strategy by means of selling stock and convertible debt instruments to access additional capital.
Bitcoin’s Price Rises Amid Market Uncertainty
At press time, Bitcoin (BTC) was trading at $88,078, up 3.20% from the past 24 hours and 6.03% from last week. Its market capitalization is $1.74 trillion with a circulating supply of 20 million BTC.
MicroStrategy’s latest investment comes on the heels of worries over the state of world trade policies. Experts believe the market uncertainty related to US customs may impact both traditional and digital assets in the coming months.
Despite the market volatility, MicroStrategy has remained steadfast in following its Bitcoin accumulation strategy, solidifying its position as the leading corporate holder of Bitcoin.
