Strategy Holds 499,096 Bitcoins Amid Plans to Raise $21 Billion

COINOTAG reports as of March 10, that the recent 8-K filing by Strategy (formerly known as MicroStrategy) reveals no transactions involving Class A common stock during the period from March 3 to March 9, 2025. Additionally, the firm did not augment its Bitcoin holdings, which currently stand at an impressive 499,096 BTC. These holdings represent a substantial investment, amounting to approximately $33.1 billion, translating to an average purchase price of $66,357 per Bitcoin. This stability indicates strategic positioning amidst market fluctuations. Furthermore, Strategy has outlined intentions to issue preferred stock as part of a capital raise targeting $21 billion, potentially facilitating further acquisitions in Bitcoin. This maneuver could enhance their portfolio’s strength and market influence, underscoring their steadfast commitment to cryptocurrency as a primary asset class.