Michael Saylor's Bitcoin corporate tycoon Strategy has acquired 130 BTC for approximately $10.7 million.

Strategy, formerly known as MicroStrategy, is moving forward to push its Bitcoin (BTC) bags to the 500,000 mark, purchasing 130 BTC for $10.7 million.

Public company Strategy, formerly known as MicroStrategy (NASDAQ:MSTR), is getting closer to its goal of reaching 500,000 BTC on the balance sheet. The firm disclosed on Monday, March 17, that it has purchased 130 BTC for approximately $10.7 million.

According to a recent announcement by Strategy founder Michael Saylor on X, the Virginia-based company acquired 130 BTC at an average price of nearly $82,981 and has achieved BTC Yield of 6.9% year-to-date 2025.

As of March 16, 2025, Strategy’s BTC treasury now stands at 499,226 BTC, which were purchased for over $33.1 billion at an average price of around $66,360 per BTC.

However, despite the latest BTC purchase, shares of Strategy (CRYPTO:STRK) were down 1% in pre-market trading on Monday, according to Nasdaq data.

The purchase comes just a week after Strategy announced plans to raise additional capital to fund more Bitcoin purchases despite the recent market downslide and macro uncertainty.

As crypto.news reported previously, the company plans to raise $21 billion through its class A strike preferred stock as the firm seeks to build out its investment portfolio.

According to a filing with the U.S. Securities and Exchange Commission, Strategy will use the net proceeds from the sale to fund general corporate operations, which could include more Bitcoin buys.

Offering STRK shares via an at-the-market sales adds to Strategy’s existing ATM equity program for the “21/21” roadmap, a plan to raise and invest $42 billion in BTC championed by executive chairman Michael Saylor. On top of that, Strategy can also exercise a buyback option for the total unbought allocation if STRK’s price declines 25% below its initial price at issuance.