Strategy crosses 500,000 BTC brand: Company invests another $ 584 million in Bitcoin

<p> <strong> Strategy crosses 500,000 BTC brand: Company invests another $ 584 million in Bitcoin </strong> </p>

Strategy increases Bitcoin stock to over 500,000 BTC

The company Strategy, previously known as Microstrategy, recently acquired another 6,911 BTC. With this purchase of $ 584 million, Strategy has increased its overall stock to over 500,000 bitcoins, which consolidates the position of the company as the largest Bitcoin owner worldwide.

Details about the acquisition

Between March 17 and 23, 2023, Strategy acquired the 6,911 BTC at an average price of $ 84,529 per coin. According to a routine message to the US stock exchange supervision, SEC of March 24, 2023, the total stock of Strategy is now 506,137 BTC. The company's total investment thus totaling around $ 33.7 billion, while the average purchase price per coin is around $ 66,608, including fees and costs.

Strategic acquisition and market interest

The latest acquisition coincides with a recycling institutional interest in Bitcoin. This demand is additionally reinforced by an increased inflow in stock markets (ETFs). Michael Saylor, the CEO of Strategy, is still convinced of Bitcoin as a value preservation. On March 21, 2023, the company announced the issue of a new tranche of preferred shares, which was sold at $ 85 per share with a 10 %cupon, and is expected to generate about $ 711 million in income. These financial resources could enable further growth and investments in Bitcoin.

market analyzes and forecasts

The Strategy investment strategy is also considered in the context of global economic concerns. In particular, there is concern about a possible trade war that could burden both the traditional and digital markets. Analyst Nicolai Sondergaard von Nansen points out that the continuing customs concerns could put the markets under pressure until at least on April 2, 2023. However, a positive solution to these uncertainties could improve the mood on the market and strengthen risky systems such as Bitcoin.

With the Bitcoin course, which is $ 88,267.89 at the time of the article, and the latest purchase price of $ 84,529 Pro Coin, analysts show that Strategy may benefit from short-term profits. The prospect of increasing Bitcoin prices is supported by the limited availability of the cryptocurrency that continues to attract institutional buyers.

FAZIT

The latest Bitcoin acquisition from Strategy underlines the company's commitment to accumulation of Bitcoin as a central financial strategy. With over 500,000 BTC in his reserves, Strategy remains an important player in the crypto landscape, and the courageous investment approach could help keep the company in the focus of investors and market observers.