Strategy’s Bitcoin Holdings Exceed 500,000 BTC

The prominent player in the crypto market continues its aggressive accumulation of Bitcoin, investing heavily after issuing and selling $700 million worth of STRK preferred stock. The average purchase price was $84,529 per coin, further confirming the company’s investment strategy and sending a positive signal to the bullish market.

Preferred shares are a special type of security that do not carry voting rights, offer fixed dividends, and can be converted into common MSTR shares under certain conditions. Currently, Strategy holds 506,137 BTC valued at $44.2 billion, acquired for $33.7 billion at an average price of $66,608 per Bitcoin.

Related: Michael Saylor: Bitcoin’s Future Price Tag? $10 Million

Since its first Bitcoin purchase five years ago, Strategy founder Michael Saylor has not only built one of the largest corporate Bitcoin portfolios but also contributed to a remarkable rise in the company’s stock value. The share price has increased by more than 2,350%, significantly outpacing Bitcoin’s own 670% growth over the same period.

Furthermore, analysts believe the company’s strategy could serve as an example for other investors seeking to protect and diversify their capital amid ongoing instability in traditional financial markets. For instance, the Japanese investment firm Metaplanet began investing in Bitcoin about a year ago and recently added 150 BTC to its holdings.

Related: Metaplanet Appoints Eric Trump as Strategic Advisor Amid Bitcoin Adoption