Saylor Strikes Again: Strategy Scores 6,911 Bitcoin in Blockbuster Buy!

Saylor Strikes Again: Strategy Scores 6,911 Bitcoin in Blockbuster Buy!

Michael Saylor’s firm, Strategy, has made another bold move in the Bitcoin market, acquiring 6,911 BTC for approximately $584 million between March 17 and March 23. According to a March 24 filing with the U.S. Securities and Exchange Commission (SEC), the average purchase price was $84,529 per Bitcoin.

This latest acquisition pushes Strategy’s total Bitcoin holdings past the 500,000 mark, bringing its total to 506,137 BTC. The company has now invested roughly $33.7 billion into Bitcoin at an average price of $66,608 per coin, inclusive of fees and expenses—further solidifying its position as the world’s largest corporate Bitcoin holder.

The milestone follows comments from Strategy co-founder Michael Saylor, who hinted at a new Bitcoin investment shortly after the firm announced a fresh offering of preferred stock on March 21. Priced at $85 per share with a 10% coupon, the stock sale is expected to generate around $711 million in proceeds, scheduled to settle by March 25, 2025.

Despite growing fears over a potential global trade war and its impact on both traditional and crypto markets, Strategy continues to “buy the dip.” Analysts warn that tariff-related uncertainties could weigh on markets until early April.

Nicolai Sondergaard, a research analyst at Nansen, noted on Cointelegraph’s Chainreaction daily X show that risk assets are likely to remain directionless until there’s clarity on international tariff policies. “The biggest driver right now is what happens with the tariffs from April 2 onward. If countries can come to an agreement, we might see some of them lifted,” he said.

U.S. President Donald Trump’s reciprocal tariffs are scheduled to take effect on April 2, despite earlier statements by Treasury Secretary Scott Bessent suggesting a possible delay. Analysts believe the resolution—or lack thereof—of these trade issues could act as a catalyst for market sentiment through July.

In the face of global economic uncertainty, Strategy remains steadfast in its belief in Bitcoin’s long-term value, continuing its aggressive accumulation strategy even as volatility looms.