Strategy Incorporated Expands Its Bitcoin Portfolio by Acquiring 22,048 BTC

Strategy Incorporated MSTR on Monday announced it has significantly expanded its cryptocurrency portfolio by acquiring 22,048 Bitcoin BTC/USD

Strategy Incorporated (NASDAQ:MSTR) on Monday disclosed a substantial expansion of its cryptocurrency portfolio.

Between March 24 and March 30, the company acquired 22,048 Bitcoin (BTC/USD) for an aggregate amount of $1.92 billion, at an average price of $86,969 per BTC.

As of March 30, Strategy's holdings stand at 528,185 BTC, purchased at an average cost of $67,458 per coin, rendering a total investment of approximately $35.63 billion.

This latest acquisition further cements Strategy's position as the largest corporate holder of Bitcoin. The company is renowned for its consistent investments in the digital asset.

The purchase was funded through Strategy's at-the-market (ATM) offering programs, as detailed in a Form 8-K filing with the U.S. Securities and Exchange Commission on March 31.

During the same period, Strategy sold 3,645,528 shares of its Class A common stock (MSTR), generating net proceeds of $1.20 billion.

Additionally, Strategy sold 213,807 shares of its 8.00% Series A Perpetual Strike Preferred Stock (STRK), (NYSE:STRK)contributing to a total return of $18.52 million.

These sales are part of two ATM programs established to support the company's Bitcoin acquisition strategy: the Common ATM program, launched on Oct. 24, 2024, with a total size of $21 billion, and the STRK ATM program, initiated on March 10, also valued at $21 billion.

Strategy's aggressive Bitcoin investment strategy aligns with its broader "21/21 Plan," which aims to raise $42 billion between 2025 and 2027—split evenly between equity and fixed-income securities—to fund further Bitcoin purchases.

The company is making significant progress, having already raised $20 billion of this target by early 2025.

“Our focus remains to increase value generated to our shareholders by leveraging the digital transformation of capital,” said Phong Le, President and CEO of Strategy, in a previous financial release.

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Other corporations are also stepping up their Bitcoin investments.

The Trump family, through American Data Centers, is joining forces with Hut 8 (TSX: HUT8)(NASDAQ: HUT) to launch American Bitcoin. Aiming for a 20% stake in the venture, the goal is to establish the largest Bitcoin miner in the U.S.

Similarly, Metaplanet Inc (TYO:3673) is planning to sell shares in Japan to fund its own Bitcoin purchases, as disclosed in a recent statement.