MicroStrategy – now simply known as “Strategy” – has once again gained attention, this time by blowing past the 500,000 Bitcoin mark. The company revealed in a filing on March 24 that it picked up another 6,911 BTC between March 17 and March 23, dropping $584.1 million in cash to do so.
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$42.8 Billion Now in Strategy’s Hands
With the latest purchase, Strategy’s total Bitcoin stash now stands at a jaw-dropping 506,137 BTC. At current prices, that pile is worth roughly $42.8 billion. It is more than 2.4% of the maximum Bitcoin supply, and more than any government holds. This latest move continues a pattern of aggressive Bitcoin accumulation led by co-founder and Executive Chairman Michael Saylor, even as the global financial world remains uncertain.
Strategy didn’t just pull this cash out of thin air. The company raised the funds by selling 1.975 million shares of its common stock (MSTR), which brought in $592.6 million after fees. On top of that, another $1.1 million came from the sale of 13,100 shares of its Series A Perpetual Preferred Stock (STRK).
While some would hesitate to buy at high prices, Strategy appears unfazed. According to its recent filing, there are still roughly $3.57 billion in MSTR shares and $20.99 billion in STRK shares still available to sell under these programs.
The Long Road to Half a Million Bitcoin
Michael Saylor’s Bitcoin journey didn’t begin overnight. Back in August 2020, Saylor directed MicroStrategy to put $250 million into Bitcoin as a response to falling returns on cash and the declining strength of the U.S. dollar. That decision marked the start of a new era for the company – one centered around digital gold.
By December 2020, the firm had already accumulated over 70,000 BTC, investing more than $1 billion. But the purchases didn’t stop there. By the end of 2024, the company held roughly 423,650 BTC, which made up around 2% of the total Bitcoin supply. That alone put Strategy in a league of its own among public companies.
Saylor has also invested privately. In October 2020, he personally bought 17,732 BTC at an average price of $9,882 each. He’s repeatedly emphasized that Bitcoin offers superior long-term value compared to traditional assets like gold. Now the company holds over half a million Bitcoin.
What Comes After 500,000?
Strategy’s most recent purchase shows that the company isn’t slowing down. With billions still available through its programs and a leader who remains passionately committed to Bitcoin, the 500,000 milestone might just be a pitstop. As global markets are filled with uncertainty, Saylor’s bold strategy draws attention – and plenty of debate.
While others wait to see how things unfold after US President Donald Trump’s reciprocal tariff rates are set to take effect on April 2, Strategy is already moving, putting more Bitcoin on the balance sheet without blinking.
