Strategy Acquires Nearly $2 Billion in Bitcoin, Total Hits 528K BTC

Strategy buys 22,048 BTC for $1.92B at an average price of $86,969.
Firms total Bitcoin holdings total 528,185 BTC, valued at $44.2 billion.
Tax concerns grow over $7.7B unrealized gains, potentially subject to 15% tax.

Strategy, the worlds largest corporate Bitcoin holder, has made a substantial BTC acquisition valued at $1.92 billion. The firm acquired 22,048 BTC for $1.92 billion at an average value of $86,969 per BTC. The company now holds a total of 528,185 BTC, which is worth approximately $44.2 billion at the current market value.

Strategy Buys Additional $2B in Bitcoin

The acquisition comes after Strategy raised $711 million from its preferred stock offering in March. The massive purchase did not impact Bitcoins value, which is hovering around $82,098 after a slight decline. Strategy continues to purchase the dip, which demonstrates its dedication to BTC, despite market tensions related to President Donald Trumps looming announcement on reciprocal tariffs.

The acquisition positions Strategy as a leader in corporate BTC acquisition. The company exceeded 500,000 Bitcoin ownership on March 24, which made a momentous milestone on its continuous acquisition plan. CEO Michael Saylor reported the new BTC purchase on March 31 through a post on X, which stated that Strategy has acquired BTC at an average price of $67,458 each.

Strategys BTC Acquisition Plan Faces Market Turbulence

As the firm continues to expand its BTC stockpile, its stock, MSTR, shows market weakness. The company stock declined 11% on Friday and shows a 4% decrease in pre-market trading. The slump reflects pressures across the stock market that have led to a recent decline in the price of BTC.

Investors have expressed concerns about President Trumps planned reciprocal tariffs on April 2. These tariffs could shape inflation and market risk, which could impact the demand for risk assets such as Bitcoin. However, experts view the Bitcoin market correction as a short-term decline that does not affect its long-term growth.

Strategy faces possible tax liabilities because of its unrealized Bitcoin gains. Under the Inflation Reduction Act of 2022, Strategy is required to pay taxes on unrealized gains on its BTC holdings even if it has not divested any Bitcoin. The company could face a 15% corporate alternative minimum tax on its $7.7 billion unrealized gains.

The company advances its 21/21 plan which seeks to raise $42 billion from equity offerings and fixed-income securities. The company funds its Bitcoin acquisitions through stock sales such as the recent sale of 3.6 million MSTR shares. Strategys aggressive investment approach demonstrates its confidence in the long-term success of BTC despite the current market volatility.

Strategy still holds MSTR shares worth $2.37 billion, which could be issued to fund future BTC purchases. Additionally, the firm holds $20.97 billion worth of STRK shares for its perpetual stock issuance. The funds will continue to fund Bitcoin acquisitions in the future.

Text source: TronWeekly

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