MicroStrategy Adds Bitcoin in $555.8M Buy

The acquisition was financed through proceeds from the company’s dual at-the-market (ATM) equity offerings. Based on regulatory documentation, Strategy (previously MicroStrategy) divested 1.76 million shares of its Class A common stock and approximately 91,000 shares of its preferred stock series, STRK, during April 14-20. The common stock offering generated $547.7 million, while the preferred stock sales yielded $7.8 million.

Who Is Strategy?

A Quick Look at the Company

• Founded in 1989

• Focused on business intelligence, mobile software, and cloud-based services

• Led by Bitcoin evangelist Michael Saylor

• First major publicly traded company to adopt Bitcoin as a treasury reserve asset

Why MicroStrategy Matters in Crypto

MicroStrategy isn’t just any tech company—they’re the largest corporate holder of Bitcoin. Their moves often send ripples through the market, acting as a proxy for institutional confidence in crypto

Total Bitcoin Holdings Now at 538,200 BTC

Following this recent acquisition, Strategy’s aggregate Bitcoin holdings have reached 538,200 BTC, purchased at an average cost of $67,766 per Bitcoin.

The company’s decision to strengthen its Bitcoin position continues its established pattern of regular purchases since Executive Chairman Michael Saylor initiated the substantial Bitcoin investment strategy. The company’s previous acquisition occurred on April 14, when it obtained 3,459 BTC, following a week-long pause in purchases.

Bitcoin Performance and MicroStrategy’s Gains

The company’s Bitcoin investments have delivered substantial returns. During the quarter-to-date (QTD), Bitcoin has yielded 1%. Since the year’s start, Bitcoin has generated a 12.1% return for Strategy (previously MicroStrategy, resulting in a significant $455 million profit from 5,209 BTC accumulated in the current quarter.

Additionally, Bitcoin’s year-to-date (YTD) gains have reached $4.72 billion, demonstrating the asset’s strong performance in 2025.

Criticism Surrounds Strategy’s Bitcoin Strategy

Despite positive returns, the company’s persistent Bitcoin acquisition approach has faced skepticism. Notable crypto skeptic Peter Schiff cautioned that Strategy’s continued Bitcoin purchases might eventually result in losses.

Schiff emphasized that as the company accumulates more Bitcoin, its average acquisition cost rises, particularly if Bitcoin’s value decreases. He observed that while the company maintains a “paper gain” of roughly 25% on its holdings, a further decline in Bitcoin’s price could push the company’s average purchase cost above market value.

Should this scenario materialize, Strategy could find itself holding Bitcoin at a loss, with the market value of its holdings falling below the initial investment.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Bitn Blog opinion. Readers are encouraged to do thorough research before making any investment decisions. The Bitn Blog is not responsible for any financial losses.