Michael Saylor’s approach has gained more than $ 500 million worth of Bitcoin as an institutional interest and exchange-traded fund (ETF) to make a return.
Strategy obtained 6,911 bitcoin (Btc) for more than $ 584 million between March 17 and March 23 at an average price of $ 84,529 per coin, according to a March 24th File with the US Securities and Exchange Commission (SEC).
Source: US Sec
Following the latest acquisition, the company now holds more than 500,000 Bitcoin, with a total of 506,137 Bitcoin acquired at a combined -a -$ 33.7 billion purchase price of approximately $ 66,608 per Bitcoin, including fees and costs.
Milestone comes one day after co-founder approach Michael Saylor hinted In an upcoming Bitcoin investment after the company announces its pricing Latest tranche of preferred stock On March 21.
Source: Saylortracker
The preferred stock was sold to $ 85 per part and featured a 10% coupon. According to the approach, the offer should bring the company to approximately $ 711 million in income.
Related: Michael Saylor’s approach to raise up to $ 21b to buy more Bitcoin
Saylor’s approach to sinking beyond the global tariff concerns
Approach, the largest holder of corporate bitcoin in the world, is continuing to buy dips despite the widespread fear of investors of A Premature bear market.
The latest investment of the approach came amid fears of the global trade war, which analysts said that could be weighed in both the traditional and digital asset markets somehow in early April.
Related: Blackrock adds stake to Michael Saylor’s approach to 5%
Despite the many positive development specific crypto, Global Tariff is afraid will continue to force markets until at least April 2, according to Nicolai Sondergaard, a research analyst in Nansen.
BTC/USD, 1-day chart. Source: Cointelegraph/Tradingview
“I hope to see what will happen to the tariffs from April thou go forward. We will probably see some of them go down, but it depends on whether all countries can go up. That’s the biggest driver at the moment,” the analyst said during the cointelegraph daily chainreaction on March 21.
The Crypto Debanking Crisis: #Chainraaction https://t.co/nd4QKKZKNB
– Cointelegraph (@cointelegraph) March 21, 2025
Risk properties may lack direction until tariff-related concerns, which can occur between April 2 and July, presenting a positive catalyst on the market, he added.
US President Donald Trump’s rewards rates are set to take place on April 2 despite earlier comments from Treasury Secretary Scott Bessent indicating a possible delay in their implementation.
https://www.youtube.com/watch?v=AV7xioy4zvc
Magazine: BTC above $ 150k is ‘Speculative Fever,’ Sab 121 Cancel, and more: Hodlers Digest, January 19 – 25
