Strategy, formerly known as MicroStrategy, has successfully raised nearly $1.9 billion within a single week through multiple financing channels, including MSTR, STRK, and STRF. The company has allocated these funds entirely toward purchasing additional Bitcoin.
On March 31, 2025, Strategy reported acquiring 22,048 more BTC. As of March 30, 2025, the company’s total Bitcoin holdings reached 528,185 BTC.
Despite a challenging first quarter for many major assets, Strategy’s stock (MSTR) posted a 1% positive return. This performance stands in contrast to the S&P 500 (SPY), which fell by 6%, and the tech-heavy QQQ, which dropped by 9%.
However, not everyone is optimistic about Strategy’s aggressive Bitcoin acquisition strategy. Prominent gold advocate Peter Schiff publicly criticized the move, suggesting that investing in gold would have yielded better returns.
How Strategy Raised $1.9 Billion in New Capital
According to an 8-K report filed with the U.S. Securities and Exchange Commission (SEC) on March 31, Strategy raised capital through several channels between March 24 and March 30:
- Class A Common Stock (MSTR): Issued 3,645,528 shares, raising $1.2 billion.
- STRK Preferred Shares: Sold 213,807 STRK shares, raising $18.52 million.
Combined, these two offerings raised approximately $1.22 billion in just one week.
Additionally, the company completed the issuance of 8,500,000 shares of its STRF Perpetual Preferred Stock—significantly more than the initially planned 5 million shares. These were offered at a discounted price of $85 per share. After deducting fees, this offering raised another $711.2 million.
Deploying Capital Toward Bitcoin Acquisition
With nearly $1.9 billion in new funds, Strategy moved quickly to expand its Bitcoin portfolio. The company purchased 22,048 BTC at an average price of $86,969 per Bitcoin.
As of March 30, 2025, Strategy’s total Bitcoin holdings amount to 528,185 BTC. The total expenditure for these acquisitions was $35.63 billion, with an average cost of $67,458 per BTC.
This multi-tier capital strategy allows the company to raise funds more efficiently and execute its Bitcoin acquisition plan with speed and scale.
Michael Saylor, founder of Strategy, expressed confidence in the company’s direction, publicly reaffirming his commitment to the "orange path"—a clear reference to Bitcoin’s prominent color and symbolic significance in the crypto community.
Despite overall market conditions, MSTR stock achieved a 1% return in Q1 2025, outperforming several major indices and retaining investor confidence through a period of broad decline.
Peter Schiff’s Critique: Gold as a Better Alternative
As gold prices reached new all-time highs during the same period, Peter Schiff—a long-time Bitcoin skeptic and gold advocate—publicly questioned Strategy’s investment decisions.
Schiff pointed out that with Bitcoin trading around $82,500, Strategy’s unrealized gains stood at only 22%. He argued that if the company had invested in gold instead, returns would have been substantially higher.
For context, the popular gold ETF (GLD) gained 18% in the first quarter of 2025, making it one of the top-performing assets during this period.
Schiff’s comments highlight the ongoing debate between proponents of Bitcoin and traditional safe-haven assets like gold.
Frequently Asked Questions
What is Strategy’s total Bitcoin holding as of March 2025?
As of March 30, 2025, Strategy holds 528,185 Bitcoin. The company acquired these at an average price of $67,458 per BTC.
How does Strategy raise funds to buy Bitcoin?
Strategy uses several financial instruments, including public stock offerings (MSTR), preferred shares (STRK), and perpetual preferred stock (STRF). This multi-channel approach helps quickly raise large amounts of capital.
How did MSTR perform compared to major indices in Q1 2025?
MSTR gained 1% in the first quarter of 2025. By comparison, the S&P 500 (SPY) fell by 6%, and the Nasdaq-100 (QQQ) declined by 9%.
What was Peter Schiff’s argument against Strategy’s Bitcoin strategy?
Peter Schiff claimed that investing in gold would have delivered higher returns than Bitcoin. He noted that gold ETF GLD rose 18% in three months, while Strategy’s Bitcoin gains were around 22% since acquisition.
Is Strategy’s Bitcoin investment strategy profitable?
Yes, the company has unrealized gains on its Bitcoin holdings. However, the degree of profitability depends on Bitcoin's market price at any given time.
Where can I learn more about corporate Bitcoin investment strategies?
For those interested in corporate-level crypto investment approaches, you can 👉 explore more strategies and analytical tools available online.
Disclaimer: Investing in cryptocurrencies carries significant risk. Prices are highly volatile, and investors may lose their entire capital. Always conduct thorough research and assess your risk tolerance before investing.