Source: Cointelegraph.com NewsMichael Saylor\u2019s Strategy has acquired over $500 million worth of Bitcoin as institutional interest and exchange-traded fund (ETF) inflows make a comeback.
\nStrategy acquired 6,911 Bitcoin (BTC) for over $584 million between March 17 and March 23 at an average price of $84,529 per coin, according to a March 24 filing with the US Securities and Exchange Commission (SEC).\u00a0
\nSource: US SECFollowing the latest acquisition, the company now holds more than 500,000 Bitcoin, with a total of 506,137 Bitcoin acquired at an aggregate purchase price of roughly $33.7 billion and an average purchase price of approximately $66,608 per Bitcoin, inclusive of fees and expenses.
\nThe milestone comes a day after Strategy co-founder Michael Saylor hinted at an impending Bitcoin investment after the company announced the pricing of its latest tranche of preferred stock on March 21.
\nSource: SaylortrackerThe preferred stock was sold at $85 per share and featured a 10% coupon. According to Strategy, the offering should bring the company approximately $711 million in revenue.
\nRelated: Michael Saylor\u2019s Strategy to raise up to $21B to purchase more Bitcoin
\nSaylor\u2019s Strategy buys the dip despite global tariff concerns
\nStrategy, the world\u2019s largest corporate Bitcoin holder, continues buying the dips despite widespread investor fears of a premature bear market.
\nStrategy\u2019s latest investment comes amid global trade war fears, which analysts say could weigh on both traditional and digital asset markets at least through early April.
\nRelated: BlackRock increases stake in Michael Saylor\u2019s Strategy to 5%
\nDespite a multitude of positive crypto-specific developments, global tariff fears will continue to pressure the markets until at least April 2, according to Nicolai Sondergaard, a research analyst at Nansen.
\nBTC\/USD, 1-day chart. Source: Cointelegraph\/TradingView\u201cI\u2019m looking forward to seeing what happens with the tariffs from April 2nd onward. Maybe we\u2019ll see some of them dropped, but it depends if all countries can agree. That\u2019s the biggest driver at this moment,\u201d the analyst said during Cointelegraph\u2019s Chainreaction daily X show on March 21.<\/p>\n
The Crypto Debanking Crisis: #CHAINREACTION https:\/\/t.co\/nD4qkkzKnB\u2014 Cointelegraph (@Cointelegraph) March 21, 2025<\/p>\n
Risk assets may lack direction until the tariff-related concerns are resolved, which may happen between April 2 and July, presenting a positive market catalyst, he added. Source: Cointelegraph.com NewsMichael Saylor\u2019s Strategy has acquired over $500 million worth of Bitcoin as institutional interest and exchange-traded fund (ETF) inflows make a comeback. Strategy acquired 6,911 Bitcoin (BTC) for… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125691"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125691"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125691\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125691"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nUS President Donald Trump\u2019s reciprocal tariff rates are set to take effect on April 2 despite earlier comments from Treasury Secretary Scott Bessent indicating a possible delay in their implementation.
\nMagazine: BTC above $150K is \u2018speculative fever,\u2019 SAB 121 canceled, and more: Hodlers Digest, Jan. 19 \u2013 25Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"