Strategy Adds Another $500M+ in Bitcoin!

Michael Saylor’s Strategy has expanded its Bitcoin holdings again, snapping up 6,911 BTC for $584M between March 17-23, at an average price of $84,529 per coin. This brings the company’s total BTC stash to 506,137 BTC (worth $33.7B), with an average acquisition cost of $66,608 per BTC.

The purchase came just a day after Strategy priced its latest preferred stock offering on March 21, selling shares at $85 each with a 10% coupon, aiming to raise $711M.