Michael Saylor’s Strategy acquires 6,911 Bitcoin, now holds over 506,000 BTC

The strategy has widened its Bitcoin holdings with a purchase of $ 584 million, bringing its treasure to more than 506,000 BTC.

Public company strategy Analytics business (formerly Microstrategy) has acquired 6,911 bitcoin (BTC), bringing its total BTC holdings to more than 500,000 BTC. In A post X On March 24, Michael Saylor, the founder of Strategy, revealed that the company had bought 6,911 BTC for $ 584.1 million last week.

According to a disclosure deposited with the Securities and Exchange American Commission, Strategy bought the tranche at an average price at around $ 84,529 per BTC. At the time of publication, Bitcoin is negotiated at $ 87,500.

With the latest purchase, the strategy reached BTC yield of 7.7% YTD and March 23, 506,137 BTC acquired for more than $ 33.7 billion. By data Bitcoin vouchers, the strategy now has more than 2.3% of BTC diet in circulation.

The purchase came shortly after the strategy announced its intention to raise additional capital to finance Bitcoin purchases despite the recent market sliding and macro uncertainty.

Like crypto.News reported Earlier, the company plans to raise $ 21 billion thanks to its privileged class A strike actions while the company seeks to strengthen its investment portfolio. According to a deposit With the SEC, the strategy will use the sales product to finance the general business operations of the business, which could include more Bitcoin purchases.