Strategy (formerly MicroStrategy) Raises Over $1.9 Billion to Reinvest in Bitcoin
Through a multi-pronged approach involving MSTR, STRK, and STRF, Strategy has raised over $1.9 billion within a week, all of which has been reinvested into Bitcoin. Strategy announced the purchase of 22,048 Bitcoins, bringing its total holdings to 528,185 Bitcoins as of March 30, 2025. MicroStrategy’s stock, MSTR, delivered a positive return of 1% in a sluggish first quarter, compared to -6% for the S&P SPY, -9% for tech stocks QQQ, and other seven major tech companies. However, as gold reached another historical high, gold bull Peter Schiff took a jab at MicroStrategy, stating that while Strategy bought a pile of Bitcoins, the unrealized profit from Bitcoin is only 22%; had he bought gold instead, the returns would have been much better! The gold ETF GLD saw an increase of 18% over three months, making it the best-performing asset this quarter.
Strategy Raises Over $1.9 Billion Through New Stock Issuance
According to an 8-K report submitted to the U.S. Securities and Exchange Commission (SEC) on March 31, Strategy raised funds between March 24 and March 30 through:
- Class A Common Stock: Issued 3,645,528 shares of MSTR stock, raising $1.2 billion.
- Preferred stock program STRK: Issued 213,807 shares of STRK, raising $18.52 million.
In just one week, a total of $1.22 billion was raised.
Additionally, the previously announced STRF perpetual preferred stock issued 8,500,000 shares, significantly higher than the previously estimated 5 million shares, but still at a discounted price of $85. The transaction was completed on March 25, and after deducting expenses, a total of $711.2 million was raised.
MSTR, STRK, STRF Launch Comprehensive Bitcoin Blueprint
With the over $1.9 billion raised through MSTR, STRK, and STRF, Strategy has reinvested all funds back into Bitcoin, purchasing 22,048 Bitcoins at an average cost of $86,969 per BTC. As of March 30, 2025, Strategy’s total holdings consist of 528,185 Bitcoins, with an expenditure of $35.63 billion and an average cost of $67,458 per BTC.
(MicroStrategy Strategy’s New Bitcoin Blueprint, How STRF Expands the Bond Market for Retail Investors)
By utilizing three different codes of Strategy products in the secondary market, Strategy has initiated a new Bitcoin blueprint that accelerates fundraising. Founder Michael Saylor proudly stated on X: “Continue down the orange path!”
MicroStrategy’s stock MSTR registered a positive return of 1% in three months, compared to -6% for the S&P SPY, -9% for tech stocks QQQ, and other seven major tech companies, demonstrating noteworthy performance in a sluggish first quarter.
Peter Schiff: How Much Better Would It Be to Buy Gold!
As gold reached another historical high, gold bull Peter Schiff did not miss the opportunity to criticize MicroStrategy, stating that while Strategy bought a bunch of Bitcoins, their unrealized profit is only 22%; had he invested in gold, the returns would have been much greater!
Saylor did not compare Bitcoin to the gold ETF GLD, which has surged 18% over three months, making it the best-performing asset this quarter.
MSTR now holds 528,185 BTC that it purchased at an average price of $67,468. With Bitcoin at $82.5K, MSTR has an unrealized gain of just 22%. Each time @Saylor bought Bitcoin, had he just bought gold instead, the total unrealized gain would be far greater. How about them apples! — Peter Schiff (@PeterSchiff) March 31, 2025
Risk Warning
Investing in cryptocurrencies involves a high level of risk, and prices may be subject to extreme volatility. You may lose your entire principal. Please assess the risks carefully.