Strategy Bitcoin holdings reach 500,000 after $584M purchase

Michael Saylor’s Strategy has expanded its Bitcoin (CRYPTO:BTC) holdings to over 500,000 BTC following a $584 million purchase during the latest market dip.

A March 24 filing with the U.S. Securities and Exchange Commission (SEC) revealed that the company acquired 6,911 Bitcoin between March 17 and March 23 at an average price of $84,529 per coin.

This brings its total holdings to 506,137 Bitcoin, acquired at an aggregate cost of approximately $33.7 billion, with an average purchase price of $66,608 per BTC, including fees and expenses.

The acquisition follows Strategy’s March 21 announcement regarding its preferred stock offering.

The company issued shares at $85 each with a 10% coupon, expected to generate $711 million in proceeds, set to settle on March 25.

Despite concerns over global trade tariffs and market uncertainty, Strategy continues to expand its Bitcoin position.

Analysts note that fears over trade disputes could impact both traditional and digital asset markets in the short term.

"Risk assets may lack direction until the tariff-related concerns are resolved, which may happen between April 2 and July," said Nicolai Sondergaard, a research analyst at Nansen.

The global investment landscape remains uncertain as potential U.S. tariff adjustments set for April 2 contribute to market volatility.

Meanwhile, institutional interest in Bitcoin, driven by ETF inflows and corporate accumulation, continues to influence price movements.

At the time of reporting, the Bitcoin (BTC) price was $86,866.36.