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Surprising $556M Bitcoin buy pushes Strategy’s holdings past 538,000 BTC

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As of April 21, Strategy (previously MicroStrategy) acquired an additional 6,556 BTC for a total holding of 538,200 BTC at an average purchase price of $84,785 for an aggregate purchase amount of $556 million.

This latest purchase is an indication of the company's aggressive strategy of accumulation, and it continues Michael Saylor’s belief in holding Bitcoin as a treasury asset for the long term.

Saylor, who has been a long advocate of storing Bitcoin as a reserve asset for corporations, has publicly supported Bitcoin since 2020. There on, Bitcoin has grown about 987.94% from January 2020 to April 2025, as per calculations.

MSTR is trading at $317.20, an increase of 1.78% on the day. MSTR has a total market cap of $84.7 billion, with an enterprise value of $94.5 billion. MicroStrategy has 538,200 BTC, and with Bitcoin priced at $87,388, the net asset value (NAV) of its Bitcoin holdings has climbed to $47.03 billion—an increase of $1.19 billion or 2.60% on the day.

MicroStrategy's big bet on Bitcoin is clearly paying off. To put it plainly, taking into account the Bitcoin strategy has increased the value of MSTR. With increased Bitcoin prices, MSTR stock has risen about 163% only in one year.

What's even more astonishing, through its Bitcoin strategy, the total return valuation MSTR stock has earned 2,400%. This means, had an investor come into MicroStrategy's Bitcoin strategy early on, that investment would be worth over 24 times the initial investment.

At press time, Bitcoin is trading at $87,287.19, up by over 3% in the last 24 hours, as per Kraken's price feed.