On the evening of March 17, 2025, Strategy (formerly MicroStrategy) announced it spent 10.7 million USD to buy an additional 130 Bitcoin at an average price of 82,981 USD each. This news surprised the cryptocurrency community as the company's BTC buying strategy seems to be shifting towards a gradual reduction in frequency and quantity.
Adjustment in Bitcoin 'Shopping Schedule'
Over the past several months, #strategy has maintained a regular purchase frequency of Bitcoin every 2 weeks since November 11, 2024, extending a continuous buying streak for 12 weeks. However, by March 2025, the company changed its schedule to every 3 weeks with a significant decrease in purchase value.
Strategy's last purchase took place on February 24, amounting to 1.99 billion USD, in stark contrast to the modest figure of 10.7 million USD in the most recent purchase. Some believe that Michael Saylor – the mastermind behind the company's investment strategy – might have 'skipped' week 13 due to spiritual factors.
Equity STRK Trading Financing
The purchase of an additional 130 $BTC this time was financed through the issuance of 123,000 perpetual preferred shares of STRK. This is part of a plan to raise a total of 21 billion USD that was announced a week earlier. Strategy continues to issue large amounts of STRK shares weekly to ensure it meets its capital goals.
Impressive Bitcoin Accumulation Journey
From November 11, 2024, until now, Strategy has spent over 20.41 billion USD to acquire 218,887 BTC, accounting for nearly 44% of the total 499,226 BTC that the company currently holds. Below are the key milestones in Strategy's BTC buying journey:
November 11, 2024: Started with 27,200 BTC (2 billion USD).
November 18, 2024: Accumulated an additional 51,780 BTC (4.6 billion USD).
End of November: Purchased 55,500 BTC (5.4 billion USD).
Beginning of December: Continued to accumulate 15,400 BTC (1.5 billion USD).
Mid-December: Spent 2.1 billion USD to buy 21,550 BTC.
December 16, 2024: Added 15,350 BTC (1.5 billion USD).
December 23, 2024: Bought 5,262 BTC for 561 million USD from the sale of 1.3 million convertible bonds.
End of December: Continued to purchase BTC worth 209 million USD.
Beginning of 2025: Accumulated an additional 1,070 BTC.
Second time in 2025: Spent 243 million USD to buy BTC at an average price of 95,972 USD each.
Week 11: Purchased 11,000 BTC for 1.1 billion USD.
Week 12: Continued to purchase 1.1 billion USD of BTC during the Lunar New Year holiday.
BTCUSDTPerp59,349.1-1.35%
Overview of Bitcoin Portfolio of Strategy
As of March 17, 2025, Strategy holds 499,226 BTC with a total value of approximately 41.57 billion USD. The company's average purchase price is currently 66,360 USD per BTC, while the Bitcoin yield stands at 6.9%.
Although still increasing the number of BTC, with a noticeable decline in transaction scale and purchase frequency, many investors are concerned that Strategy's approach may be changing. This raises the question: Is the company gradually slowing down in its BTC accumulation plan or is it just a temporary adjustment?
The Bitcoin Market is Experiencing Strong Volatility
After a drop below 78,000 USD due to concerns about a U.S. economic recession, Bitcoin's price has rebounded to 83,191 USD, an increase of about 8%. However, Strategy's reduction in Bitcoin purchase size may also affect market sentiment in the near future.
Will #MichaelSaylor and Strategy continue to 'steer' their BTC investment strategy or are they just taking a break to adjust their plans? We will have an answer soon in the coming weeks.
