Strategy Acquires 6,556 Bitcoin for $556 Million, Total Holdings Reach 538,200 BTC

TLDR

• Strategy (formerly MicroStrategy) added 6,556 BTC for approximately $556 million at an average price of $84,785 per Bitcoin
• The company now holds a total of 538,200 BTC purchased for $36.47 billion at an average cost of $67,766 per Bitcoin
• Strategy funded this purchase through stock offerings, selling 1,755,000 company shares for $547.7 million and 91,213 shares of Series A preferred stock for $7.8 million
• MSTR stock has risen approximately 163% over the past year, with the company’s Bitcoin strategy yielding a total return of 2,400%
• The firm plans to raise an additional $20 billion from stock sales to finance future Bitcoin purchases

Strategy, formerly known as MicroStrategy, continues its aggressive Bitcoin acquisition plan with another major purchase. The company announced on Monday that it had acquired an additional 6,556 Bitcoin between April 14-20, worth approximately $556 million. This latest purchase was made at an average price of $84,785 per Bitcoin.

The company’s total Bitcoin holdings now stand at an impressive 538,200 BTC. This represents one of the largest corporate Bitcoin treasuries in the world. Strategy has invested approximately $36.47 billion in its Bitcoin holdings at an average price of $67,766 per coin.

This marks the second consecutive week of Bitcoin purchases for Strategy. Just two weeks ago, the company acquired nearly 3,460 BTC for over $280 million. The recent buying activity follows a brief pause in late March when Bitcoin prices fell below $87,000.

Stock Performance and Funding

Strategy’s stock (MSTR) has benefited greatly from its Bitcoin strategy. The stock has risen approximately 163% over the past year. MSTR is currently trading at around $317, with a modest day-over-day increase of 1.78%.

After the announcement of the latest Bitcoin purchase, MSTR shares rose nearly 3% in extended trading to about $325. The company has a total market cap of $84.7 billion and an enterprise value of $94.5 billion.

$MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, @Strategy holds 538,200 $BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin. https://t.co/YxUq6mHzca

— Michael Saylor (@saylor) April 21, 2025

The latest Bitcoin purchase was funded through the company’s stock offerings. Strategy sold 1,755,000 company shares for $547.7 million and 91,213 shares of Series A preferred stock for $7.8 million.

Strategy’s Bitcoin strategy has yielded impressive returns for early investors. The approach has generated a total return of 2,400%, suggesting that early investors might see a return of over 24 times their initial investment.

Future Plans and Market Impact

Strategy shows no signs of slowing down its Bitcoin acquisition strategy. According to reports, the company plans to raise over $20 billion from the sale of stock to finance future Bitcoin purchases. This aggressive buying strategy persists despite Bitcoin’s relatively flat performance in recent months.

The net asset value (NAV) of Strategy’s Bitcoin holdings has climbed to $47.03 billion. This reflects a daily increase of $1.19 billion or 2.60% as Bitcoin prices fluctuate.

At the time of writing, Bitcoin trades at approximately $86,900, registering a 3.3% increase on a weekly basis. The cryptocurrency has struggled to break above the $90,000 mark since early March of this year.

Michael Saylor, the founder and a well-known Bitcoin advocate, confirmed the latest acquisition on social media. He stated that the purchase was part of a broader strategy to capitalize on Bitcoin’s growth. Strategy has posted a 12% Bitcoin return since the beginning of the year.

Institutional Adoption Trend

Strategy is not the only company investing heavily in Bitcoin. Other institutional buyers are following a similar path. Metaplanet recently acquired 330 BTC for a little over $28 million, increasing its holdings to 4,855 Bitcoin worth close to $500 million.

Japanese retail company ANAP has also entered the market with a $70 million purchase of Bitcoin. This growing institutional investment indicates increasing mainstream acceptance of cryptocurrency as a valid asset class.

Saylor has also highlighted growing institutional exposure to Strategy itself. According to public data from the first quarter of 2025, at least 13 institutional investors hold MSTR shares directly. Additionally, 814,000 retail accounts have direct exposure to MSTR, with another 55 million beneficiaries having indirect exposure through mutual funds, pensions, insurance portfolios, and exchange-traded funds.

Despite the company’s optimism, some accounting challenges remain. An accounting rule that requires digital assets to be evaluated at market prices would cause Strategy to record an unrealized loss of $5.9 billion for the first quarter of the year.

The ongoing institutional investment in Bitcoin by companies like Strategy suggests growing confidence in cryptocurrency despite uncertainties about long-term price stability and regulatory issues. As Bitcoin continues to gain acceptance in the corporate world, Strategy’s early adoption appears to be paying off.