Strategy Acquires 22,048 Bitcoin for $1.92 Billion, Expands Holdings to 528,185 BTC

TLDR

• Strategy (formerly MicroStrategy) purchased 22,048 Bitcoin worth $1.92 billion at an average price of $86,969 per BTC
• The company now holds 528,185 BTC (2.55% of Bitcoin’s circulating supply) valued at $35.63 billion
• The purchase was financed through a combination of stock offerings and preferred stock programs
• Bitcoin price dropped to around $82,000 after the purchase, putting Strategy’s latest investment temporarily in the red
• Market uncertainty is growing ahead of US President Trump’s April 2 tariff announcement

Strategy, the company formerly known as MicroStrategy, has added 22,048 Bitcoin to its holdings in a massive purchase worth approximately $1.92 billion. The acquisition was completed between March 24 and March 30, according to a filing with the U.S. Securities and Exchange Commission on March 31.

The company paid an average price of $86,969 per Bitcoin, including fees and expenses. This purchase brings Strategy’s total Bitcoin holdings to 528,185 BTC, representing about 2.55% of Bitcoin’s circulating supply.

The timing of the purchase coincided with Bitcoin moving upward, followed by a reversal that sent the price down to around $82,000. This drop means Strategy’s latest Bitcoin buy is currently down by over $100 million from its purchase price.

Strategy funded this large acquisition through several capital-raising methods. The company used proceeds from its at-the-market common stock offering, its ATM preferred stock program (STRK), and a new $711.2 million public offering of 10% Series A Perpetual Strife Preferred Stock (STRF).

The company’s Common ATM raised $1.20 billion during the reporting period. The STRK ATM contributed an additional $18.52 million to the funding pool.

The STRF offering closed on March 25 at $85.00 per share. This shows strong investor interest in equity tied to Strategy’s Bitcoin-focused treasury model.

Strategy’s total investment in Bitcoin now stands at $35.63 billion. The company has paid an average price of $67,458 per BTC across all its purchases.

This latest addition continues Strategy’s aggressive Bitcoin buying pattern in 2025. The company made a $243 million purchase in early January and a $1.99 billion purchase in February.

Bitcoin Holdings Strategy

Strategy CEO Michael Saylor has outlined an ambitious vision for the company’s Bitcoin holdings. He has described Bitcoin as a long-term asset with potential values ranging from $3 million to $49 million per coin in various scenarios.

To support its ongoing Bitcoin acquisition goals, Strategy shareholders have approved expanding the company’s Class A common stock. The authorization increases shares from 330 million to 10.3 billion.

$MSTR has acquired 22,048 BTC for ~$1.92 billion at ~$86,969 per bitcoin and has achieved BTC Yield of 11.0% YTD 2025. As of 3/30/2025, @Strategy holds 528,185 $BTC acquired for ~$35.63 billion at ~$67,458 per bitcoin. $STRK $STRF https://t.co/1sfyBIglnt

— Michael Saylor⚡️ (@saylor) March 31, 2025

The company has also introduced its 21/21 Plan. This strategy aims to raise $21 billion through equity and another $21 billion through fixed-income instruments over time.

Strategy is currently showing an unrealized profit of over $7.7 billion on its Bitcoin holdings. This represents a gain of more than 21% based on current market prices.

Despite these gains, Strategy may face tax obligations on its unrealized profits. Under the Inflation Reduction Act of 2022, the company could be subject to a 15% “corporate alternative minimum tax” on its adjusted earnings.

The Bitcoin market is currently facing uncertainty ahead of US President Donald Trump’s April 2 tariff announcement. This announcement is expected to detail reciprocal trade tariffs targeting top US trading partners.

Some market observers believe the recent sell-off is not the end of the bull run. Andrei Grachev, managing partner of DWF Labs, called it “a healthy reset” and noted that “markets overreact to tariffs and macro headlines, but long-term fundamentals haven’t changed.”

Bitcoin is attempting to stabilize above the $80,000 level after dropping toward $76,000 for the first time since November 2024. Recent analysis from CryptoQuant suggests potential for price recovery based on trading volume patterns.

The Binance vs. Other Exchanges BTC Spot Volume Delta indicator has turned positive again. This indicates that Binance’s trading volume is consistently outpacing competitors, which has historically been associated with bullish market sentiment.