Bitcoin Bonanza: Strategy’s Wallet Grows Fatter Than a Russian Bear! 🐻💰

by

In a move that could make even the most stoic of accountants weep with joy, Strategy has just splurged a staggering $1.92 billion to acquire 22,048 more bitcoins, catapulting its total hoard to a jaw-dropping 528,185 BTC—worth over $35.6 billion and still counting, like a never-ending Russian novel.

22,048 Bitcoin in One Shot—Strategy’s Crypto War Chest Surges Past 528K BTC

Ah, the software intelligence firm formerly known as Microstrategy, now whimsically rebranded as Strategy, announced on this fine day of March 31 that it has acquired an additional 22,048 bitcoins for the princely sum of approximately $1.92 billion in cash. One can only imagine the glee in the boardroom, where the air was thick with the scent of ambition and perhaps a hint of desperation.

According to a rather formal filing with the U.S. Securities and Exchange Commission (SEC)—because who doesn’t love a good bureaucratic tango?—the purchase was made at an average price of $86,969 per coin, fees and expenses included. Strategy now holds a total of 528,185 BTC, accumulated at a total purchase price of approximately $35.63 billion—averaging a mere $67,458 per bitcoin. A bargain, if you squint hard enough!

Michael Saylor, the co-founder and executive chairman of Strategy, took to the social media platform X to announce this monumental update, as if it were the latest gossip from the local tea shop:

MSTR has acquired 22,048 BTC for ~$1.92 billion at ~$86,969 per bitcoin and has achieved BTC Yield of 11.0% YTD 2025. As of 3/30/2025, Strategy holds 528,185 BTC acquired for ~$35.63 billion at ~$67,458 per bitcoin.

Read more$70 million in 24 hours: Can Ethereum crack $4,000 thanks to whales?

Now, how did Strategy fund this extravagant bitcoin binge, you ask? Well, through a delightful cocktail of $1.20 billion in net proceeds from the sale of 3.6 million MSTR shares, $18.52 million raised via an at-the-market (ATM) offering of STRK preferred shares, and a staggering $711.2 million from a public offering of 8.5 million shares of 10.00% Series A Perpetual Strife Preferred Stock priced at $85.00 per share. Quite the financial buffet!

Saylor, a fervent advocate for bitcoin, has laid out a vision for the future that is as ambitious as it is audacious. He predicts that bitcoin could reach $13 million by 2045, with a bull case of $49 million and a bear case of $3 million. He has recently engaged with key U.S. regulators, including the SEC’s Crypto Task Force and the House Financial Services Committee, and even graced the White House Crypto Summit hosted by President Donald Trump, where he presented his crypto asset framework. Saylor forecasts that bitcoin’s market cap could reach $500 trillion, and believes the Strategic Bitcoin Reserve could generate between $16 trillion and $81 trillion for the U.S. Treasury by 2045—potentially offering a pathway to reduce the national debt. Ah, the sweet scent of optimism!

Read More

2025-03-31 15:59