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Home Cryptocurrency

Saylor hints at new Bitcoin purchase as holdings surpass 500,000 BTC

Saylor hints at new Bitcoin purchase as holdings surpass 500,000 BTC
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Key Takeaways

Technique bought 6,911 BTC for $584.1 million growing whole holdings to 506,137 BTC.
The corporate plans a $42 billion capital elevate to additional broaden their Bitcoin acquisitions.

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Michael Saylor, Government Chairman of Technique, has hinted at an impending Bitcoin acquisition following a latest buy that pushed the corporate’s whole holdings past 500,000 BTC.

On March 30, Saylor shared Technique’s Bitcoin portfolio tracker on X with the caption, “Wants much more Orange,” suggesting the corporate stays dedicated to increasing its Bitcoin reserves.

These posts have traditionally preceded new Bitcoin acquisition bulletins throughout the following week.

Wants much more Orange. pic.twitter.com/lV5qgUP6oY

— Michael Saylor⚡️ (@saylor) March 30, 2025

On Monday, Technique introduced that it had added 6,911 BTC, value roughly $584 million, to its holdings. The acquisition was made at a mean value of $84,529 per Bitcoin between March 17 and March 23.

With this newest acquisition, the Nasdaq-listed firm has elevated its Bitcoin holdings to 506,137 BTC, valued at over $42 billion at present market costs, making it the primary publicly traded agency to surpass 500,000 BTC.

Technique acquired its Bitcoin at a mean value of $66,608 per BTC, with whole prices amounting to roughly $33.7 billion, together with charges and bills, based on knowledge from SaylorTracker.

Regardless of latest value fluctuations, the corporate nonetheless holds $8.3 billion in unrealized positive factors.

Bitcoin is at present buying and selling at $83,000, displaying a slight restoration after dipping to $82,100 on Saturday, per TradingView.

Technique’s STRF Perpetual Most popular Inventory Providing

On March 21, Technique introduced the pricing of its 10.00% Sequence A Perpetual Strife Most popular Inventory (STRF) providing.

The corporate elevated the inventory providing from $500 million to $722.5 million, aiming to lift roughly $711 million in internet proceeds to fund additional Bitcoin acquisitions and assist operations.

The providing was scheduled to decide on March 25, topic to customary closing circumstances. This transfer is a part of the corporate’s “21/21 plan,” which targets a complete capital elevate of $42 billion for Bitcoin acquisitions.

Technique has beforehand used parts of the online proceeds from the STRK and MSTR inventory choices to finance its Bitcoin plan.

Earlier this month, the corporate offered 13,100 STRK shares for roughly $1.1 million, with $20.99 billion value of STRK shares nonetheless accessible for issuance and sale below this system.

Technique’s inventory, MSTR, closed down practically 11% on Friday at $289, based on Yahoo Finance knowledge.

Though the inventory has surged by roughly 70% previously yr, its efficiency year-to-date has been unfavorable.

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