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Strategy Adds 6,556 Bitcoin to Its Portfolio in Latest $555.8M Purchase
April 21, 2025
Strategy (formerly known as MicroStrategy) has added 6,556 Bitcoin (BTC) to its balance sheet, spending a total of $555.8 million for the new acquisition. The purchase was funded by proceeds from the company’s two at-the-market (ATM) stock offerings. According to a regulatory filing, Strategy sold 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series, STRK, between April 14 and April 20. The common stock sale raised $547.7 million, while the preferred shares generated $7.8 million.
Total Bitcoin Holdings Now at 538,200 BTC
With this latest purchase, Strategy’s total Bitcoin holdings have increased to 538,200 BTC, acquired at an average price of $67,766 per coin. The firm’s move to bolster its Bitcoin position follows a pattern of frequent buys since Michael Saylor, the company’s executive chairman, led the charge for significant Bitcoin purchases. The most recent purchase happened on April 14, when the firm bought 3,459 BTC, resuming its purchases after a 7-day stay.
Bitcoin Performance and Strategy’s Gains
Notably, the company’s Bitcoin holdings have yielded notable returns. For the quarter-to-date (QTD), Bitcoin has generated a 1% yield. Since the beginning of the year, Bitcoin has produced a 12.1% yield for Strategy, contributing to a significant $455 million gain from 5,209 BTC accumulated during the current quarter. Furthermore, Bitcoin’s gains for the year-to-date (YTD) have reached $4.72 billion, a positive reflection of the asset’s performance so far in 2025.
Criticism Surrounds Strategy’s Bitcoin Strategy
Despite the positive performance, the company’s ongoing Bitcoin acquisition strategy has drawn criticism. Well-known crypto critic Peter Schiff warned that Strategy’s continued Bitcoin purchases could eventually lead to losses. Schiff noted that as the company acquires more Bitcoin, its average purchase cost increases, especially if Bitcoin’s price declines. He pointed out that the company still has a “paper gain” of around 25% on its holdings but suggested that a further drop in Bitcoin’s value could result in the company’s average BTC purchase cost exceeding the market price. If this occurs, Strategy could hold its Bitcoin position at a loss, as the market value of its holdings would be lower than the amount paid.
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