Strategy (formerly Microstrategy), a technology company that attracts attention with Bitcoin investments, increased its total Bitcoin reserves over 500,000 BTC with its latest purchase. Between 17-23 March, the company bought 6,911 BTC for approximately $ 584 million for $ 584 million and had a total of 506,137 BTC with this move. This important step of Strategy once again revealed his commitment to Bitcoin investments, while the company’s growing portfolio and financial strategies have aroused a wide range of repercussions in the investment world.

Strategy exceeded 500 thousand bitcoin thresholds

Bitcoin -central company Strategy (formerly Microstrategy) purchased 6,911 BTC for about $ 584.1 million between 17 March and 23 March, increasing total of Bitcoin reserves above 500,000 BTC. This latest acquisition of the company was realized at an average price of 84,529 dollars each Bitcoin. Strategy’s total BTC assets have now reached 506.137 BTC, which shows that the company has a Bitcoin portfolio worth approximately $ 44 billion.

Strategy financed these new purchases with the income of class A’s common stocks and continuous term transaction preference (Strk). Michael Saylor said that the average cost of Strategy’s total BTC purchases is $ 66,608 for each Bitcoin. The total cost of these purchases is approximately 33.7 billion dollars, including transactions and costs.

Strk sales continue

These purchases are part of Strategy’s 21/21 plan as a part of the previously announced capital increase in capital increase. Last week, the company sold this plan further by selling 1,975,000 MSTR shares for about $ 592.6 million. In addition, 13,100 Strk shares were sold for 1.1 million dollars last week within the scope of Strk sales. Currently, the Strk share worth $ 20.99 billion is ready to be available.

Strategy’s Bitcoin investments make up 2.4 %of the company’s total Bitcoin supply. Since Bitcoin’s total supply is limited to 21 million, this makes Strategy’s impact on the market important. However, there are also concerns among some investors about the increasing BTC purchases of the company and premium nav (net asset value) value. Nevertheless, Strategy’s stocks have shown a good performance in recent years, increasing more than 90 %last year.

The company’s constantly increasing BTC purchases and strategic financing plans are carefully monitored in the investment world. However, forecasts and analyzes about the future effects of such a large investment can give important clues to how the company’s strategy is shaped.