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Cryptocurrency News Articles

Strategy MSTR Has Added 130 More Bitcoin BTC/USD to Its Already Massive Digital Asset Reserves

Mar 17, 2025 at 11:13 pm

According to an SEC filing, the purchase, completed between March 10 and Marc 16, cost the company approximately $10.7 million, at an average price of just under $83,000 per Bitcoin.

Strategy MSTR Has Added 130 More Bitcoin BTC/USD to Its Already Massive Digital Asset Reserves

Strategy MSTR has added another 130 Bitcoin BTC/USD to its already massive digital asset reserves, according to a recent SEC filing.

The purchase, which was completed between March 10 and March 16, cost the company approximately $10.7 million, at an average price of just under $83,000 per Bitcoin.

According to the filing, Strategy’s cumulative Bitcoin purchase cost now stands at about $33.1 billion, and the company’s average purchase price per Bitcoin is estimated at around $66,360.

As of March 16, Strategy’s Bitcoin stash is estimated to represent over 2.3% of the total 21 million bitcoins that will ever be mined.

The new Bitcoin acquisition comes as Strategy proceeds with plans to raise as much as $21 billion through a preferred stock program that was launched earlier this year.

The company disclosed that it sold roughly $10.7 million worth of its STRK shares last week, leaving nearly $21 billion still available under this offering.

Strategy also confirmed that it did not issue any shares under its previously authorized $21 billion equity program during the same period.

Just a month earlier, Strategy announced the purchase of more than 20,000 Bitcoin, for which it paid nearly $2 billion. The funds for this round of purchases were sourced from the company’s recent issuance of zero-coupon convertible bonds.

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What Next For MSTR Shares?

These actions are part of Strategy’s broader strategy to grow its Bitcoin treasury using a mix of debt and equity offerings.

Saylor was also spotted at the White House’s recent Crypto Summit, which follows President Donald Trump’s directive to create a Strategic Bitcoin Reserve (SBR).

The federal government plans to use its existing cache of roughly 200,000 BTC—acquired via asset forfeitures—while also exploring new "budget-neutral" mechanisms for acquiring more bitcoin, according to the executive order.

The same directive outlined the formation of a U.S. Digital Asset Stockpile to include cryptocurrencies beyond Bitcoin, although further acquisitions of non-BTC assets will be limited to those secured through legal channels.

Strategy’s stock price has been coming under pressure as the company continues its plans to expand its Bitcoin treasury.

MSTR shares have fallen by nearly 50% from their record high in November, and recent declines have seen the stock track bitcoin’s own 29% slide from January highs to March lows.

This has led some investors to become concerned that Strategy could be forced to liquidate some Bitcoin if prices continue to fall. However, K33 Research’s Vetle Lunde has argued that these fears are overblown.

“Given Strategy’s debt profile and the timeline of its convertible notes, forced sales aren't on the horizon,” Lunde explained, adding that most of the company’s capital comes from equity rather than debt.

Despite recent volatility, Strategy’s stock ended Friday’s session 13% higher at $297.49 and remains up over 74% over the past year.

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Other articles published on Mar 18, 2025