Strategy (formerly known as MicroStrategy) has announced on its social media platform X, the acquisition of 130 Bitcoins between March 10 and March 16, 2025. This purchase, according to the post, is valued approximately at $10.7 million and executed at an average price of $82,981 per token.
After this purchase, the total Bitcoin holdings now stand at around 499,226 Bitcoins, acquired at an overall average price of $66,360.
Strategy Discloses Form 8-K Filing with the SEC
With the announcement, the company also disclosed its Form 8-K filing with the SEC. The filing, dated March 17, 2025, indicates MicroStrategy’s continued focus on leveraging Bitcoin as a key asset. Form 8-K also confirms that the company’s Class A common stock is listed on the Nasdaq under ticker “MSTR”. The document also gives out details about the financial instrument and the corporate structure of the company.
The main reason of sharing this filing is that it ensures compliance with SEC regulations by disclosing its significant financial transaction, which could impact shareholder interests and market perception of the company.
Bitcoin Price Surges Along with Other Significant Developments
Moreover, this purchase has been after a week of no reported buying activity by the company. This development along with the fact that Bitfarm, a cryptocurrency mining company that operates large-scale Bitcoin mining farms, has successfully completed its acquisition of Stronghold Digital Mining, a cryptocurrency mining company that emphasizes sustainable mining practices, in an all-stock transaction, which is valued over $110 million has led to an uptick in the price of the Bitcoin token. The token briefly hit the $84,000 mark after the news broke but dipped a little a few minutes later.
At press time, the price of the token stands at $83,427.71 with a surge of 1.0% in the last 24 hours as per CoinGecko.
Michael Saylor, co-founder and CEO of Strategy, has been a great advocate of Bitcoin and has always believed in its long-term potential. This move by the company is a classic example of “buying the dip”. Despite the recent market volatility, the company seized the opportunity to accumulate more Bitcoin during a price correction, again emphasizing his belief in the long-term value of the token.
With such moves, MicroStrategy is strengthening its position as the largest corporate holder of Bitcoin.
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