Coin Market

Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase

Published

1 year ago

March 24, 2025

Michael Saylor’s Strategy has acquired over $500 million worth of Bitcoin as institutional interest and exchange-traded fund (ETF) inflows make a comeback.

Strategy acquired 6,911 Bitcoin (BTC) for over $584 million between March 17 and March 23 at an average price 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 company now holds more than 500,000 Bitcoin, with a total of 506,137 Bitcoin acquired at an aggregate purchase price of roughly $33.7 billion and an average purchase price of approximately $66,608 per Bitcoin, inclusive of fees and expenses.

The milestone comes a day after Strategy co-founder Michael Saylor hinted at an impending Bitcoin investment after the company announced the pricing of its latest tranche of preferred stock on March 21.

The preferred stock was sold at $85 per share and featured a 10% coupon. According to Strategy, the offering should bring the company approximately $711 million in revenue.

Coin Market

Polygon rolls out private stablecoin payments targeting institutions

Published

59 minutes ago

May 5, 2026

The new wallet feature hides senders, receivers and amounts onchain while maintaining compliance through know your transaction screening and auditable files.

Coin Market

Haun Ventures raises $1B, adding AI to crypto focus

Published

59 minutes ago

May 5, 2026

Haun Ventures founder Katie Haun said AI will “increasingly begin to conduct economic activity on our behalf,” and services will need to adapt for that world.

Coin Market

Aave files emergency motion to lift restraining notice on frozen ETH

Published

3 hours ago

May 5, 2026

Aave argued that a thief doesn’t gain lawful ownership of property by stealing it and that Gerstein Harrow’s legal argument “defies logic, common sense and the law.”