Strategy (MSTR), the publicly traded company led by Executive Chairman Michael Saylor, has expanded its position as the largest corporate holder of bitcoin, surpassing the 500,000 BTC mark following a fresh acquisition last week.
According to a regulatory filing on Monday, Strategy acquired an additional 6,911 Bitcoin for $584.1 million, bringing its total holdings to 506,137 BTC.
The purchase was made at an average price of $84,529 per bitcoin, significantly above the company’s historical average cost of $66,608 per token.
The latest acquisition was funded through the sale of 1.975 million shares of common stock, which raised approximately $592.6 million.
This move underscores the company’s continued use of equity financing as a strategic vehicle for deepening its bitcoin exposure.
To date, Strategy’s total investment in bitcoin stands at $33.7 billion, making it the most aggressive institutional buyer of the digital asset globally.
The company has repeatedly positioned bitcoin as its primary treasury reserve asset, with Michael Saylor consistently advocating for bitcoin’s long-term value proposition amid global currency debasement and inflationary pressures.
In addition to the equity raise, Strategy disclosed that it recently priced a preferred stock offering of $711 million in STRK, of which 13,100 shares have been sold, raising $1.1 million so far.
The offering reflects continued investor interest in the company’s bitcoin-forward strategy, particularly as the digital asset climbs to new all-time highs.
As of Monday morning, bitcoin traded above $87,000, following a weekend rally that reignited momentum in the crypto market.
Strategy’s stock (MSTR) responded positively, rising 4.8% in premarket trading, tracking bitcoin’s upward movement.
Market analysts have noted that Strategy’s continued bitcoin purchases have become a barometer for institutional sentiment in the crypto space.
With the halving event approaching and ETF inflows remaining strong, demand-side factors continue to support bitcoin’s price trajectory.
Michael Saylor has consistently framed bitcoin as a superior store of value and a hedge against inflation, positioning Strategy’s treasury policy as a long-term accumulation play.
“Bitcoin is economic immortality,” Saylor previously stated, reinforcing the company’s unwavering stance.
Strategy’s aggressive accumulation signals strong confidence in the asset’s appreciation potential, as the firm continues to leverage capital markets to fuel its bitcoin-first balance sheet strategy.
With over half a million bitcoin now under its control, Strategy is cementing its role as a pivotal institutional force in the global digital asset ecosystem.
