{"id":2760,"date":"2025-03-24T14:18:04","date_gmt":"2025-03-24T14:18:04","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/03\/24\/strategy-buys-another-584-million-worth-of-bitcoin\/"},"modified":"2025-03-24T14:18:04","modified_gmt":"2025-03-24T14:18:04","slug":"strategy-buys-another-584-million-worth-of-bitcoin","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/03\/24\/strategy-buys-another-584-million-worth-of-bitcoin\/","title":{"rendered":"Strategy Buys Another $584 Million Worth Of Bitcoin"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/news\/strategy-buys-another-584-million-worth-of-bitcoin\">Strategy Buys Another $584 Million Worth Of Bitcoin<\/a><\/p>\n<div><\/div>\n<p>Business intelligence company <a href=\"https:\/\/bitcoinmagazine.com\/tags\/microstrategy\">Strategy<\/a> has purchased an additional $584 million worth of bitcoin, increasing its total holdings to over half a million BTC.<\/p>\n<p>Strategy <a href=\"https:\/\/www.strategy.com\/press\/strategy-acquires-6911-btc-and-now-holds-506-137-btc_03-24-2025\" target=\"_blank\">acquired 6,911 bitcoin<\/a> between March 17-23 at an average price of $84,529 per coin. This brings the company\u2019s bitcoin reserves to 506,137 BTC purchased at a cost of $33.7 billion.<\/p>\n<div class=\"wp-block-embed__wrapper\">\n<p>BREAKING:  STRATEGY BUYS ANOTHER 6,911 <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#BITCOIN<\/a> FOR $584 MILLION<\/p>\n<p>THEY NOW HOLD OVER 500,000 BTC  <a href=\"https:\/\/t.co\/fKuz4ynSI3\" target=\"_blank\">pic.twitter.com\/fKuz4ynSI3<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1904141639251120509?ref_src=twsrc%5Etfw\" target=\"_blank\">March 24, 2025<\/a>\n<\/p><\/div>\n<p>Strategy has been aggressively accumulating bitcoin since 2020 under the direction of CEO Michael Saylor. The company views bitcoin as a long-term store of value to hedge against inflation and global uncertainty.<br \/>Funds for this latest bitcoin purchase came from Strategy\u2019s sale of 1.975 million shares of common stock, raising approximately $592 million and the STRK ATM.<\/p>\n<p>With its laser focus on bitcoin, <a href=\"https:\/\/bitcoinmagazine.com\/tags\/microstrategy\">Strategy <\/a>has become a leading corporate example of allocating treasury reserves to vitcoin. Other public companies, like <a href=\"https:\/\/bitcoinmagazine.com\/tags\/metaplanet\">Metaplanet<\/a> and Semler Scientific, have followed a similar game plan on a smaller scale.<\/p>\n<p>By staking its future on bitcoin\u2019s network effects and adoption as \u2018digital gold\u2019, Strategy aims to maximize long-term shareholder value. The company\u2019s stock price has skyrocketed since its first BTC purchase.<\/p>\n<p>With bitcoin gaining credibility among institutions, companies, and even nations, Strategy remains confident in its bitcoin-centric strategy. This latest acquisition shows the company putting its money where its mouth is during the asset\u2019s ongoing maturation.<\/p>\n<p>This post <a href=\"https:\/\/bitcoinmagazine.com\/news\/strategy-buys-another-584-million-worth-of-bitcoin\">Strategy Buys Another $584 Million Worth Of Bitcoin<\/a> first appeared on <a href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a href=\"https:\/\/bitcoinmagazine.com\/authors\/vivek-sen-bitcoin\">Vivek Sen Bitcoin<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Strategy Buys Another $584 Million Worth Of Bitcoin Business intelligence company Strategy has purchased an additional $584 million worth of bitcoin, increasing its total holdings to over half a million BTC. Strategy acquired 6,911 bitcoin between March 17-23 at an average price of $84,529 per coin. This brings the company\u2019s bitcoin reserves to [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":2761,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-2760","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2760"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2761"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}