Strategy, formerly known as MicroStrategy, bought 6,556 BTC for US$555.8 million between April 14 and April 20, 2025. Following the acquisition, the company's total Bitcoin reserves have increased to 538,200 BTC. Strategy is the largest Bitcoin holder in the public sector.
Strategy has invested a total of US$36.47 billion in Bitcoin, including the new acquisition. The average purchase price was US$67,766 per coin. Despite the recent flat market performance of the leading cryptocurrency, Strategy's resolve to go all in on its acquisition remained unwavering. Two weeks ago, Strategy bought 3,460 BTC worth more than US$280 million. Thus, maintaining an aggressive buying strategy.
Strategy is not letting up, with news that the company will raise US$20 billion through share sales to further boost its Bitcoin holdings. The news of the latest Bitcoin buy resulted in a MSTR stock surge of almost 3% in after-hours trading. Bitcoin price has recently reached US$87,600, becoming a key driver of the company's financial growth.
Other institutional investors are also boosting their exposure to Bitcoin. Metaplanet bought 330 BTC for US$28 million, while Japanese retailer ANAP spent US$70 million on Bitcoin. This indicates growing mainstream acceptance for BTC and other cryptocurrencies.
Despite the recent surge in Bitcoin's price, some analysts, such as Kevin Capital, remain cautious. He believes that Bitcoin needs to surpass US$89,000 to solidify a strong uptrend. However, Strategy's continuous buying shows faith in Bitcoin's future growth prospects.