Michael Saylor’s Strategy Purchases 130 More Bitcoin as Holdings Approach 500K BTC

Highlights:

• Strategy acquires 130 BTC for $10.7 million, disclosing SEC filing.
• The company needs 774 BTC to reach 500,000 total, holding 499,226 BTC.
• Peter Schiff criticizes Saylor’s BTC acquisitions and warns Bitcoin’s market downturn could lead to losses.

Michael Saylor’s Bitcoin corporate tycoon Strategy, formerly MicroStrategy, acquired an additional 130 BTC for approximately $10.7 million. This purchase occurred between March 10 and March 16, with an average price of $82,981 per Bitcoin. The acquisition was disclosed in an 8-K filing with the U.S. Securities and Exchange Commission (SEC) on Monday. This purchase was much smaller than many of its previous Bitcoin acquisitions, which have totaled billions.

The recent acquisitions follow Strategy’s March 10 announcement to raise up to $21 billion through its perpetual preferred stock, STRK. Last week, it sold 123,000 STRK shares for about $10.7 million. As of March 16, Strategy reported that $20.99 billion worth of STRK shares are still available for issuance under the program. 

Strategy has acquired 130 BTC for ~$10.7M at ~$82,981 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 3/16/2025, we hodl 499,226 $BTC acquired for ~$33.1 billion at ~$66,360 per bitcoin. $MSTR $STRK https://t.co/8xRmR8vlIt

— Michael Saylor⚡️ (@saylor) March 17, 2025

Strategy Needs 774 More BTC to Reach 500,000 Total

The company now holds 499,226 BTC, valued at over $41 billion. Strategy’s total Bitcoin holdings were acquired at an average price of $66,360 per BTC, costing around $33.1 billion, including fees and expenses. After acquiring 130 BTC, Strategy needs to purchase an additional 774 BTC to reach a total of 500,000 BTC. According to the company’s co-founder and executive chairman, Saylor this means Strategy owns more than 2.3% of Bitcoin’s total 21 million supply.

Moreover, the company’s Bitcoin yield is currently 6.9%, much lower than its 15% target set for 2025. Strategy’s Bitcoin yield measures the growth of Bitcoin holdings per share. Before the latest acquisition, Strategy’s smallest Bitcoin purchase was 169 BTC in August last year, according to official records. In 2025, Strategy has acquired 51,656 BTC across seven announced purchases so far.

Michael Saylor’s Continued Advocacy for Bitcoin

Michael Saylor continues to advocate for BTC as a long-term investment. Saylor also attended the White House’s inaugural Crypto Summit, held a day after President Trump’s executive order on March 6 to establish a U.S. Strategic Bitcoin Reserve (SBR). He suggested that the U.S. government should acquire up to 25% of Bitcoin’s total supply over the next decade for its SBR.

However, critics argue that gold will outperform Bitcoin as a store of value. Peter Schiff recently criticized Michael Saylor’s Bitcoin strategy, claiming that MicroStrategy’s aggressive BTC purchases expose the company to significant financial risks. He highlighted the firm’s stock drop and rising debt levels. Schiff warned that if Bitcoin’s price continues to decline, it could push MicroStrategy toward bankruptcy.

Gold is the Apex predator that will eat Bitcoin. @saylor

— Peter Schiff (@PeterSchiff) March 14, 2025

Schiff also warns that Bitcoin could face significant losses if the market downturn continues. He highlights Bitcoin’s strong correlation with the NASDAQ, which makes it particularly vulnerable. Schiff predicts that if the NASDAQ drops 40%, Bitcoin could decline to $20K.

MSTR has fallen over 50% from its high of $473.83 in November. Bitcoin is now close to 15% of Strategy’s average purchase price. There are concerns that the company might need to sell some holdings if the drop continues or if Bitcoin enters a long bear market.