Saylor’s Strategy scoops another 22,048 Bitcoin for $1.9 billion

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Key Takeaways

Strategy purchased 22,048 Bitcoin for approximately $1.9 million between March 24 and 30.
The company’s total Bitcoin holdings now amount to 528,185 BTC, making it the largest corporate holder globally.

MicroStrategy, recently rebranded itself as Strategy, said Monday it had acquired 22,048 Bitcoin worth around $1.9 billion between March 24 and 30. The purchase was completed at an average of $86,969 per coin.

The announcement comes after Michael Saylor, Strategy Executive Chairman, hinted at an impending Bitcoin purchase yesterday, a move that often precedes an acquisition disclosure.

According to a Monday disclosure to the SEC, the Tysons, Virginia-based company financed its latest acquisition using proceeds from Common ATM, STRK ATM and STRF Offering.

The new purchase boosts the company’s total Bitcoin holdings to over 528,000 BTC, solidifying its position as the world’s largest Bitcoin corporate holder.

According to Yahoo Finance data, Strategy (MSTR) shares closed down nearly 11% on Friday and traded around $277 in Monday’s pre-market session.

Saylor's Strategy scoops another 22,048 Bitcoin for $1.9 billion

The stock’s performance is closely tied to Bitcoin’s price movements. Bitcoin trades at around $82,100 at press time, down 4.5% in the past week, per TradingView.