Hassan Maishera
TL;DR
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Michael Saylor’s Strategy adds nearly $600 million worth of bitcoins to its balance books, bringing its total to 506,000 tokens.
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BTC’s price hit the $88k level on Monday before retracing below $87k.
Strategy’s BTC Holdings Surpass 500k
Michael Saylor-led Strategy (MSTR) has continued its Bitcoin-buying spree after spending splashing over half a billion dollars on bitcoins. The company purchased 6,911 bitcoin for $584.1 million, or an average cost of $84,529 per token.
$MSTR has acquired 6,911 BTC for ~$584.1 million at ~$84,529 per bitcoin and has achieved BTC Yield of 7.7% YTD 2025. As of 3/23/2025, @Strategy holds 506,137 BTC acquired for ~$33.7 billion at ~$66,608 per bitcoin. $STRK https://t.co/3vSGnTUVcE
— Michael Saylor⚡️ (@saylor) March 24, 2025
This latest purchase brings the company's holdings to 506,137 BTC, acquired for $33.7 billion, or an average cost of $66,608 each. The company funded this latest acquisition by selling 1.975 million shares of common stock, which raised $592.6 million.
BTC Climbs Above $88k
Bitcoin, the leading cryptocurrency by market cap, rallied over the weekend and extended its gains to Monday. The cryptocurrency surged by over 4% over the past seven days to hit the $88,700 mark on Monday.
However, it has slightly retraced and now trades at $86,442 per coin. Ether, the second-largest cryptocurrency by market cap, is also trading above $2k per coin after adding 8% to its value in the last seven days.
Dogecoin (DOGE) is the best performer among the top 10 cryptocurrencies by market cap, up 5% in the last 24 hours. At press time, DOGE is trading at $0.1826 per coin. The total cryptocurrency market cap now stands at $2.84 trillion.
