Michael Saylor’s Strategy bought nearly $2 billion of Bitcoin, taking advantage of a recent price dip despite growing market concerns tied to US President Donald Trump’s upcoming tariff announcement.
Strategy, formerly MicroStrategy, has acquired 22,048 Bitcoin (BTC) for $1.92 billion at an average price of approximately $86,969 per Bitcoin.
The company now holds over 528,000 Bitcoin acquired for $35.63 billion at an average price of $67,458 per BTC, announced Michael Saylor, the co-founder of Strategy, in a March 31 X post.
Source: Michael Saylor
Strategy is the world’s largest corporate Bitcoin holder and surpassed the 500,000 Bitcoin holdings milestone on March 24, days after Saylor hinted at an upcoming Bitcoin buy after the company announced the pricing of its latest tranche of preferred stock on March 21.
The firm is currently up over 21% on its Bitcoin holdings with an unrealized profit of over $7.7 billion, according to Saylortracker data.
Strategy total Bitcoin holdings, all-time chart. Source: Saylortracker
Strategy’s near $2 billion dip buy comes despite investor concerns related to Trump’s upcoming tariff announcement on April 2, which may set the tone for Bitcoin’s price trajectory throughout the month.
The April 2 announcement is expected to detail reciprocal trade tariffs targeting top US trading partners, a development that may increase inflation-related concerns and limit demand for risk assets, such as 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.
