On March 23, 2025, Strategy – the renowned business intelligence company – continues to shock by spending 584 million USD to buy more Bitcoin, raising total holdings above the 500,000 BTC mark. Under the leadership of CEO Michael Saylor, Strategy relentlessly accumulates BTC to 'maximize long-term shareholder value.' Is this a genius move or a risky bet amidst a volatile market?


Strategy Big Buy: 6,911 BTC in Hand

From March 17-23, #strategy bought 6,911 BTC at an average price of 84,529 USD/coin, totaling 584 million USD. This transaction pushed the company's Bitcoin reserves to 506,137 BTC, worth 33.7 billion USD to date (average purchase price ~66,600 USD/BTC). Currently, Bitcoin trades at ~84,150 USD (CoinGecko, March 20), indicating that Strategy is significantly profitable on paper.


Funding? Strategy raised 592 million USD from selling 1.975 million common shares and the STRK ATM program. This is a familiar move: using equity capital to 'scoop up' BTC, turning the company into a gigantic 'digital treasury.'


Bitcoin Strategy: From 2020 to Now

Under Michael Saylor's guidance since 2020, Strategy views Bitcoin as a 'long-term store of value,' protecting against inflation and global instability. With over 500,000 $BTC – equivalent to 2.4% of the total supply of 21 million coins – Strategy leads the trend of businesses allocating reserves to crypto. Saylor believes that the network effect and Bitcoin's acceptance as 'digital gold' will provide superior value.


Strategy's stock (MSTR) has surged since the first BTC purchase, reflecting investor confidence in this strategy. Other companies like Metaplanet (Japan) and Semler Scientific (USA) are also following suit, but on a much smaller scale.


Impact on the Crypto Market


  • Bitcoin: Strategy's purchase of 584 million USD tightens the circulating supply (~14.5 million BTC), which could push prices up if the accumulation trend spreads.


  • Business: Strategy serves as a model for listed companies, especially as organizations and nations (like Trump's BTC reserve) gradually accept crypto.


  • MSTR Stock: Although down 1% on March 20 (~275 USD), the price has doubled in 6 months, showing the long-term appeal of the BTC strategy.



Why is Strategy 'All In' on Bitcoin?

  • Anti-Inflation: With gold peaking over 3,047 USD/ounce (according to data from #FXCE ) and the Fed not cutting interest rates, BTC serves as a 'shield' against economic instability.


  • Saylor's Vision: CEO believes $BTC will replace gold, leveraging scarcity and decentralization.


  • Market Signal: The maturity of Bitcoin (ETF TVL ~100 billion USD) reinforces Strategy's confidence.



This deal shows that the company is not just talking but making a significant bet on the future of BTC, even as the price has dropped 11% from its peak (~95,000 USD).


Not Insignificant Risk

Although paper profits exist, Strategy faces challenges:



  • Volatility: If BTC drops sharply (like 2022 to 16,000 USD), the value of 33.7 billion USD could evaporate.


  • Dependency: Complete focus on BTC makes the company vulnerable if crypto loses momentum.


  • Competition: Other 'BTC treasuries' are emerging, which could dilute Strategy's position.



Conclusion: 500,000 BTC – Peak or Risk Peak?

Strategy spent 584 million USD to purchase 6,911 BTC, surpassing the 500,000 coin mark, confirming Michael Saylor's 'all-in' strategy. With 33.7 billion USD invested and confidence that BTC is 'digital gold,' the company is leading the trend of businesses embracing crypto. However, amidst an uncertain market – Bitcoin stabilizing (~84,150 USD) but highly volatile – the big question is: Will 500,000 BTC elevate Strategy to peak value or plunge them into massive risk? As other companies enter the game, this play has just begun – and Strategy is ahead, but not absolutely safe.


Risk Warning: Investing in crypto carries high risks due to price volatility. Please consider carefully before participating.