Strategy Executive Chairman Michael Saylor suggests an imminent Bitcoin acquisition following the recent purchases that have exceeded 500,000 BTC.
On March 30th, Saylor shared Strategy’s Bitcoin portfolio tracker with X, suggesting that he is “need more orange” and is working to expand his Bitcoin reserve.
These posts preceded the announcement of a historically new Bitcoin acquisition the following week.
You will need an orange color too. pic.twitter.com/lv5qgup6oy
– Michael Saylor⚡️ (@saylor) March 30, 2025
On Monday, the strategy announced it had added 6,911 BTC worth around $584 million to its holdings. Purchases were made at an average price of $84,529 per Bitcoin from March 17th to March 23rd.
This latest acquisition will increase the NASDAQ-registered company’s Bitcoin Holdings to 506,137 BTC, valued at current market prices at over $42 billion, making it the first public company to surpass 500,000 BTC.
According to data from SaylorTracker, the strategy averaged $66,608 per BTC, with total costs reaching around $33.7 billion, including fees and expenses.
Despite recent price fluctuations, the company holds $8.3 billion in unrealized profits.
Bitcoin is currently trading at $83,000, showing a slight recovery after soaking in $82,100 on Saturday for each TradingView.
Strategy’s STRF Persistent Priority Stock Service
On March 21st, Strategy announced the pricing of the 10.00% Series A Permanent Struggle Preferred Stock (STRF) offer.
The company aims to raise its shares from $500 million to $722.5 million, and raise approximately $7111 million to fund its Bitcoin acquisition and support business.
The recruitment was scheduled to be resolved on March 25th, subject to customary closure conditions. The move is part of the company’s 21/21 plan, covering a total of $42 billion in funding for the Bitcoin acquisition.
The strategy previously used a portion of the net income from STRK and MSTR stock offerings to fund the Bitcoin plan.
Earlier this month, the company sold 13,100 shares for around $1.1 million, with $209.9 billion worth of STRK shares still available for issuance and sales under the program.
Strategy’s Stock, MSTR closed nearly 11% at $289 on Friday, according to Yahoo Finance Data.
Stocks have skyrocketed about 70% over the past year, but performance has been negative over the year.
