Strategy (formerly known as MicroStrategy) has announced on its social media platform X, the acquisition of 130 Bitcoins between March 10 and March 16, 2025.

This purchase, according to the post, is valued approximately at $10.7 million and executed at an average price of $82,981 per token.

MicroStrategy (NASDAQ:) has announced on its social media platform X, the acquisition of 130 Bitcoins.

According to the company’s statement, these purchases were made over a period of seven days, beginning on March 10 and concluding on March 16.

The total value of the Bitcoins purchased is approximately $10.7 million, and they were executed at an average price of $82,981 per token.

Following this purchase, MicroStrategy’s total Bitcoin holdings now stand at approximately 499,226 Bitcoins, which were acquired at an overall average price of $66,360.

MicroStrategy Discloses Form 8-K Filing with the SEC

Announcing the purchase of 130 Bitcoins, MicroStrategy also disclosed its Form 8-K filing with the SEC. The filing, dated March 17, 2025, indicates MicroStrategy’s continued focus on leveraging Bitcoin as a key asset in its portfolio.

The form 8-K also confirms that the company’s Class A common stock is listed on the Nasdaq Stock Exchange under the ticker symbol “MSTR”. The document also delves into details about the financial instrument and the corporate structure of MicroStrategy.

The main reason for sharing this filing is to ensure compliance with SEC regulations by disclosing its significant financial transaction, which could impact shareholder interests and market perception of the company.

MicroStrategy’s filing with the SEC can be accessed via the provided link.

Bitcoin Price Surges Along with Other Significant Developments

Moreover, this purchase comes after a week of no reported buying activity by the company.

This development, along with Bitfarm (TSX: BIT) completing the acquisition of Stronghold Digital Mining (NASDAQ:) in an all-stock transaction valued at over $110 million, has led to an uptick in the price of the Bitcoin token.

The token briefly touched the $84,000 mark after the news broke but dipped slightly a few minutes later.

At press time, the token is trading at $83,427.71, showing a surge of 1.0% in the last 24 hours, according to data from CoinGecko.

Michael Saylor, co-founder and CEO of MicroStrategy, has been a strong advocate for Bitcoin and has always maintained his belief in its long-term potential.

In a classic display of “buying the dip,” MicroStrategy decided to capitalize on the recent market downturn to accumulate more Bitcoin during a period of price correction.

This move further underscores Saylor’s optimism about the cryptocurrency’s prospects.

Through these actions, MicroStrategy is solidifying its position as the largest corporate holder of Bitcoin.