The purchase came as Bitcoin traded back within the consolidation band it has occupied for roughly two months, between about $60,000 and $72,000, after a failed attempt to break through and consolidate key resistance at $76,000 last week.\u00a0<\/p>\n
The move continues the public company’s weekly pattern of disclosing its purchases. Over the past few years, it has become the largest corporate holder of digital assets after beginning to rapidly acquire Bitcoin in 2021.<\/p>\n
Data <\/a>compiled by Bitcointreasuries.net shows Strategy holds 762,099 BTC as of March 23. At the time of publication, that stake was valued at nearly $57.7 billion, based on an average entry price of $75,694 per coin.\u00a0<\/p>\n Beyond that recent trade, Strategy also amended its corporate authorizations to support a much larger campaign to amass the market\u2019s leading cryptocurrency.\u00a0<\/p>\n The company disclosed <\/a>plans to raise up to $42 billion in new capital, split evenly between as much as $21 billion of Class A common stock (MSTR) and $21 billion of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), which would give Strategy substantial purchasing power to accelerate its Bitcoin accumulation goal.<\/p>\n At current prices near $70,500, the $42 billion program could theoretically fund the purchase of roughly 595,000 additional Bitcoin, which would not only meet but materially exceed the company\u2019s stated 1 million\u2011coin aspiration by year\u2011end.\u00a0<\/p>\n If executed in full, the raise would push Strategy\u2019s total holdings to more than 1.35 million BTC\u2014surpassing even its ambitious public targets\u2014and represent about 6.42% of BTC\u2019s 21 million fixed supply, according <\/a>to Bitcointreasuries.net.<\/p>\n CEO Phong Le highlighted the symbolism of the $42 billion figure in a post<\/a> on X (formerly Twitter), quoting The Hitchhiker\u2019s Guide to the Galaxy: \u201c42 is the Answer to the Ultimate Question of Life, the Universe, and Everything.\u201d Le noted the neatness of the 21 + 21 split, which mirrors Bitcoin\u2019s 21 million supply cap.<\/p>\n600,000 More Bitcoin By Year\u2011End?<\/h2>\n
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