- Strategy acquires 22,048 BTC for $1.92 billion, bringing its total holdings to 528,185 BTC.
- The company funded the purchase through stock sales, including STRK and new preferred shares.
- Despite the buy, BTC remained volatile, with market focus shifting to broader institutional adoption.
Strategy has purchased 22,048 Bitcoin (BTC) for approximately $1.92 billion, which is its largest purchase of the year. The company bought the BTC for an average of $86,969 per coin. Strategy holds 528,185 BTC, obtained at an average price of $67,458 per coin, as of March 30, 2025, with total expenditures reaching $35.63 billion.
The purchase comes amid fluctuating market conditions. BTC experienced volatility between March 24 and March 30, recovering to higher levels but then facing additional weakness. Despite these fluctuations, Strategy continued to accumulate Bitcoin, continuing its approach of buying Bitcoin with different financial instruments.
Strategy’s Funding Approach and Market Impact
Strategy funded its newest BTC acquisition by selling $1.2 billion worth of common stock and $18.52 million of STRK convertible stocks. Also, the company issued 8.5 million shares STRF for approximately $711.12 million. Each STRF share was offered at $85, yielding a 10% yield. These transactions enabled Strategy to fund the BTC purchase with raised capital.
The move is part of Strategy’s ongoing efforts to turn fiat into Bitcoin. Michael Saylor, company’s chairman, has reiterated the company’s commitment to Bitcoin as a core asset. Strategy’s aggressive accumulation strategy has made it stand out with its Bitcoin reserves ranking among one of the largest corporate treasuries.
Bitcoin Holdings in Corporate and Institutional Portfolios
A significant percentage of the total supply of BTC is held in Strategy’s Bitcoin reserves. The firm now holds about 2.5% of Bitcoin’s 21 million fixed supply of coins. This puts Strategy among the most influential corporate holders of Bitcoin, along with other institutional and state-backed wallets.
Bitcoin holdings by corporations and institutions are still small compared to the size of the overall market supply. Just 22 entities have more than 1,000 BTC, and 94 entities have more than 10,000 BTC. Strategy’s accumulation of BTC continues to decrease circulating supply in the market, which some market watchers suggest may affect liquidity and price trends over the long term.
Bitcoin Market Response
Following Strategy’s announcement, BTC traded at $82,034.77 and showed continued volatility. MSTR, the firm’s stock, also moved in line with BTC, dropping to $289.41. Although Strategy’s purchases have been sizeable, they have not kicked off a broader market rally yet. Instead, BTC remains under the influence of derivative trading and liquidations of long positions.
Recent months have seen a slump in Bitcoin trading activity with daily active wallet numbers dropping to around 554,000. BTC movement is still limited, as indicated by low transaction fees and reduced on-chain activity, as a result of being largely driven by institutional and derivative market participants. As Strategy buying Bitcoin continues, the wider market remains unclear of the prospects for institutional adoption and price movements.
Strategy has also relied on hedge funds to finance itself, in particular via its convertible debt offerings. Some of the funds have bought Strategy’s bonds while shorting its stock to bet on share price volatility. Moreover, this has generated additional market dynamics concerning Strategy’s financial instruments.
