Strategy extended its new buying streak for Bitcoin (BTC), this time making a larger commitment. The company bought 22,048 BTC, valued at over $1.92B.
Strategy reinitiated Bitcoin (BTC) buying, adding another 22,048 BTC to its reserves. Michael Saylor’s company continues to issue multiple instruments, including STRK and new preferred stock to raise funds for ongoing BTC purchases. The company’s executive chairman Michael Saylor announced the latest purchase.
$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
Saylor doubles down on Bitcoin
Saylor continues to fulfill the promises that Strategy will always buy BTC in some form. For now, the company has achieved a favorable price, allowing it to service its debt, convertible and dividend stocks.
Strategy’s purchase follows recent smaller acquisitions from MARA Holdings and Metaplanet. The recent purchases are adding to the balance of 3.11M BTC held in corporate treasuries and state-owned wallets.
The new purchase arrives despite the expectations of slower market operations. Strategy has been accelerating its purchases in the past month, starting with a test run of just over 100 BTC, then another larger purchase of over 6,000 BTC. The recent addition is one of the largest since November 2024, when the company regularly purchased over 20K BTC per week.
Strategy acquired its latest tranche of BTC at an average price of $86,969. After the recent expansion, the firm holds a total of 528,185 BTC in its treasury, achieving an average purchase price per BTC at $67,458, for total purchases of $35.63B.
The latest purchase was completed during a turbulent time for the BTC market between March 24 to March 30. During that period, BTC recovered to a higher range but suffered more price weakness over the weekend.
For the period March 24 to March 30, Strategy also sold $1.2B of its MSTR common stock and $18.52M in STRK convertible stocks. For now, Strategy has not accounted for the sales of Strife (STRF) shares, for an estimated $711.12M. In total, the stock sales match the BTC purchases, speeding up Strategy’s approach of shifting more fiat into BTC.
The latest proceeds for Strategy came from completing a public offering of 8.5M STRF shares with a 10% yield, at an offering price of $85 per share.
The ability to raise funds within days shows there is still trust in Strategy’s approach, and demand for a proxy to BTC ownership and exposure.
Strategy purchases are yet to spark a new bull market
Following the news of the purchase, BTC traded at $82,068.54 after another day of relatively high liquidations of long positions. MSTR shares also fell to $289.41, acting as a proxy for BTC price moves.
Despite the relatively high purchase, recalling more bullish BTC periods, BTC is still at a crossroads and affected by derivative market positions. The latest Strategy purchase is still seen as an isolated event, while investors are watching for signs of a potential bull market.
The latest move from Strategy follows a general shift of treating BTC as a reserve asset. Currently, the BTC network sees extremely low transfers, with fees under $1 even for priority transactions. BTC activity has fallen to 554K daily active wallets, as trading mostly depends on derivatives, with a limited need to move coins.
Corporate treasuries remain relatively small, with only 22 known entities holding wallets with over 1,000 BTC. A total of 2,041 addresses hold over 1,000 BTC, of which some are unknown entities and legacy wallets. Only 94 entities hold over 10K BTC, after the last three months of selling. With the latest shifts in ownership, Strategy’s reserve is becoming a more significant factor in removing BTC from circulation.
While most whales keep their coins idle, they are still available for sale and whales will often realize profits. Currently, BTC returned to range-bound volatile trading, turning whales into long-term holders again.
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