In a remarkable show of confidence, Michael Saylor’s Strategy, formerly known as MicroStrategy, has made headlines by acquiring nearly $2 billion worth of Bitcoin amidst a recent price dip. This bold move comes despite prevailing market uncertainties, particularly related to U.S. President Donald Trump’s upcoming tariff announcement, which has heightened concerns among investors.
According to Saylor’s announcement on March 31, Strategy purchased 22,048 Bitcoin (BTC) for $1.92 billion, resulting in an average acquisition price of approximately $86,969 per Bitcoin. This latest acquisition has propelled the company’s total Bitcoin holdings to over 528,000 BTC, amounting to an investment of $35.63 billion at an average price of $67,458 per BTC.
Source: Michael Saylor
With this acquisition, Strategy solidifies its position as the world’s largest corporate holder of Bitcoin. The company surpassed the significant milestone of 500,000 Bitcoin holdings on March 24, shortly after Saylor hinted at the impending purchase following the announcement of the pricing for its latest tranche of preferred stock on March 21.
As of now, Strategy holds a staggering unrealized profit of over $7.7 billion on its Bitcoin investments, reflecting a remarkable increase of over 21% in value, according to data from Saylortracker.
Strategy total Bitcoin holdings, all-time chart. Source: Saylortracker
Despite the optimism surrounding this acquisition, investor concerns related to Trump’s upcoming tariff announcement scheduled for April 2 loom large. This announcement is expected to outline reciprocal trade tariffs targeting key U.S. trading partners and may significantly influence Bitcoin’s price trajectory throughout the month. Many fear that such developments could exacerbate inflationary pressures and diminish demand for risk assets, including Bitcoin.
Related: Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes
This is a developing story, and further information will be added as it becomes available.
