Michael Saylor, co-founder of MicroStrategy, has indicated that the company is poised to increase its Bitcoin (BTC) acquisitions, following a brief hiatus in purchasing activities. With the recent acquisition of 22,048 Bitcoin on March 31, MicroStrategy’s total holdings now stand at an impressive 528,185 BTC.
According to SaylorTracker, MicroStrategy’s BTC investment has seen an uptick of approximately 24%, equating to over $8.6 billion in unrealized gains. The company’s continued accumulation of Bitcoin in the face of recent market declines—where Bitcoin’s price dipped below $80,000—has drawn the attention of BTC investors, who view MicroStrategy as a key indicator of institutional interest in the digital asset.
MicroStrategy’s Bitcoin purchase history. Source: SaylorTracker
Related: Has Michael Saylor’s Strategy built a house of cards?
The Resilience of Bitcoin’s Store-of-Value Narrative Amid Market Instability
The ongoing trade tensions between the United States and China have created a wave of macroeconomic uncertainty that has adversely impacted risk-on assets across the board. Stock markets have seen a massive erosion of wealth, with trillions wiped away in response to recent tariff announcements from former President Trump. The cryptocurrency market has not been spared, as evidenced by a significant sell-off.
Recent data from Total3, which tracks the market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum (ETH), reveals that altcoins have collectively lost over 33% of their value since the peak in December 2024. In contrast, Bitcoin has fared relatively better, with a decline of approximately 22% from its January 2025 high of over $109,000; it currently trades around the $84,000 mark.
The Total3 crypto market cap, pictured in blue, compared to the price of Bitcoin. Source: TradingView
Despite a colossal $5 trillion sell-off in the stock market, the price of Bitcoin has remained relatively stable, reinforcing its role as a store-of-value asset rather than merely a speculative investment.
At the recent Paris Blockchain Week 2025, Adam Back, a prominent figure in the digital asset space and CEO of Blockstream, spoke about how pressures from a prolonged trade war could enhance Bitcoin’s appeal as a store of value. He projected that inflation could surge between 10-15% over the next decade, making traditional asset classes such as stocks and real estate less effective for achieving real investment returns.
Back noted, “There is a real prospect of Bitcoin competing with gold and starting to take some of the gold use cases.” As companies like MicroStrategy continue to navigate the crypto landscape, their strategies may provide valuable insights into the future of Bitcoin amidst economic uncertainty.
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