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MicroStrategy acquired 6,911 BTC for $584 cardinal during the latest dip, pushing its full Bitcoin holdings beyond 500,000, according to a caller SEC filing.
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Michael Saylor’s Strategy has acquired implicit $500 cardinal worthy of Bitcoin arsenic organization involvement and exchange-traded money (ETF) inflows marque a comeback.
Strategy acquired 6,911 Bitcoin (BTC) for implicit $584 cardinal betwixt March 17 and March 23 astatine an mean terms of $84,529 per coin, according to a March 24 filing with the US Securities and Exchange Commission (SEC).
Source: US SEC
Following the latest acquisition, the institution present holds much than 500,000 Bitcoin, with a full of 506,137 Bitcoin acquired astatine an aggregate acquisition terms of astir $33.7 cardinal and an mean acquisition terms of astir $66,608 per Bitcoin, inclusive of fees and expenses.
The milestone comes a time aft Strategy co-founder Michael Saylor hinted astatine an impending Bitcoin concern aft the institution announced the pricing of its latest tranche of preferred stock connected March 21.
Source: Saylortracker
The preferred banal was sold astatine $85 per stock and featured a 10% coupon. According to Strategy, the offering should bring the institution astir $711 cardinal successful revenue.
Related: Michael Saylor’s Strategy to rise up to $21B to acquisition much Bitcoin
Saylor’s Strategy buys the dip contempt planetary tariff concerns
Strategy, the world’s largest firm Bitcoin holder, continues buying the dips contempt wide capitalist fears of a premature carnivore market.
Strategy’s latest concern comes amid planetary commercialized warfare fears, which analysts accidental could measurement connected some accepted and integer plus markets astatine slightest done aboriginal April.
Related: BlackRock increases involvement successful Michael Saylor’s Strategy to 5%
Despite a multitude of affirmative crypto-specific developments, global tariff fears volition proceed to unit the markets until astatine slightest April 2, according to Nicolai Sondergaard, a probe expert astatine Nansen.
BTC/USD, 1-day chart. Source: Cointelegraph/TradingView
“I’m looking guardant to seeing what happens with the tariffs from April 2nd onward. Maybe we’ll spot immoderate of them dropped, but it depends if each countries tin agree. That’s the biggest operator astatine this moment,” the expert said during Cointelegraph’s Chainreaction regular X amusement connected March 21.
The Crypto Debanking Crisis: #CHAINREACTION https://t.co/nD4qkkzKnB
— Cointelegraph (@Cointelegraph) March 21, 2025Risk assets whitethorn deficiency absorption until the tariff-related concerns are resolved, which whitethorn hap betwixt April 2 and July, presenting a affirmative marketplace catalyst, helium added.
US President Donald Trump’s reciprocal tariff rates are acceptable to instrumentality effect connected April 2 contempt earlier comments from Treasury Secretary Scott Bessent indicating a imaginable hold successful their implementation.
Magazine: BTC supra $150K is ‘speculative fever,’ SAB 121 canceled, and more: Hodlers Digest, Jan. 19 – 25
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