Strategy Buys $1.92 Billion Bitcoin: MSTR’s Crypto Investment Surges to 528,185 BTC

Strategy, a prominent enterprise software company spearheaded by Michael Saylor, has significantly bolstered its cryptocurrency portfolio with a substantial acquisition of Bitcoin. This move underscores the firm’s unwavering commitment to incorporating the leading digital asset into its corporate treasury strategy.

Major Bitcoin Acquisition Announced

The company recently executed a noteworthy purchase, adding 22,048 BTC to its reserves. This transaction, valued at over $1.92 billion, represents one of Strategy’s most significant Bitcoin acquisitions since late 2024. Michael Saylor, the company’s Executive Chairman, confirmed the purchase, aligning with his consistent statements about Strategy’s ongoing plan to actively accumulate Bitcoin.

Funding Through Equity and Debt Instruments

To finance this large-scale acquisition, Strategy employed a strategy involving the issuance of various financial instruments. The company successfully raised capital through the sale of common stock and convertible preferred shares. This approach allowed Strategy to secure the necessary funds for the Bitcoin purchase while managing its overall financial position. Favorable market conditions reportedly enabled the company to execute these transactions effectively, ensuring it could continue servicing its debt obligations and commitments related to convertible shares and dividends.

During the same period as the Bitcoin acquisition (late March), Strategy executed sales of its own equity. This included approximately $1.2 billion worth of MSTR common stock and convertible shares. Furthermore, the company is processing the registration for sales amounting to $711.12 million in shares of Strife (STRF). The capital raised through these equity sales closely matches the amount invested in the recent BTC purchase, highlighting Strategy’s deliberate tactic of converting cash reserves and equity into Bitcoin holdings. A recent public offering of 8.5 million STRF shares at $85 per share, yielding 10%, further demonstrated the company’s ability to quickly raise substantial funds, suggesting continued market confidence in its Bitcoin-focused strategy.

Strategy’s Growing Bitcoin Treasury

This latest batch of Bitcoin was acquired at an average price of $86,969 per BTC. Following this transaction, Strategy’s total Bitcoin holdings have increased significantly. The company now holds an aggregate of 528,185 BTC. These coins were accumulated at an average purchase price of $67,458 per BTC across all acquisitions. The total investment poured into Bitcoin by the company now stands at approximately $35.63 billion.

Here’s a summary of Strategy’s current Bitcoin position:

Metric	Value
Recent BTC Purchase	22,048 BTC
Value of Recent Purchase	~$1.92 Billion USD
Average Price (Recent Purchase)	$86,969 USD per BTC
Total BTC Holdings	528,185 BTC
Overall Average Purchase Price	$67,458 USD per BTC
Total Investment in BTC	~$35.63 Billion USD

Market Context and Recent Activity

Strategy’s large purchase occurred between March 24th and March 30th, a period characterized by market volatility for Bitcoin. While the asset traded within a higher range, it experienced some weakness over the weekend. This acquisition follows smaller purchases by other entities like MARA Holdings and Metaplanet and marks a return to larger-scale buying for Strategy, reminiscent of late 2024 when weekly purchases exceeding 20,000 BTC were more common. The company had ramped up its buying pace over the preceding month, starting with smaller test buys before executing more substantial transactions leading up to this major acquisition.

Despite the scale of Strategy’s investment, the Bitcoin market did not exhibit an immediate, strong positive reaction. Following the announcement, BTC’s price hovered around $82,068.54, amidst a backdrop of significant liquidations affecting long positions. Strategy’s own stock (MSTR) also experienced a dip, trading at $289.41, underscoring its close correlation with Bitcoin’s price movements. While the purchase evokes memories of more bullish market phases, analysts generally view it as an isolated event for now, awaiting clearer signals of a sustained positive trend.

Bitcoin as a Strategic Reserve Asset

The actions taken by Strategy are part of a wider, growing consideration of Bitcoin as a viable reserve asset for corporations. Currently, the Bitcoin network itself is seeing relatively low transfer activity, with transaction fees remaining below $1 even for priority processing. Daily active wallets have decreased to around 554,000, potentially because much of the trading volume occurs on derivative platforms, reducing the need for on-chain coin movement.

Globally, the concentration of Bitcoin holdings remains significant. Only a small number of entities hold substantial amounts; estimates suggest around 22 known entities possess wallets with over 1,000 BTC, and merely 94 entities hold more than 10,000 BTC, particularly after periods of selling. Strategy’s consistent accumulation positions it as a major entity influencing the available supply of Bitcoin. While many large holders (“whales”) keep their assets dormant, the potential for these coins to enter the market remains. Presently, Bitcoin has reverted to a pattern of sideways trading marked by high volatility, reinforcing the status of large holders like Strategy as long-term investors.