Strategy (formerly MicroStrategy) Buys the Dip, Stashing 22,048 Bitcoin for $1.92B

YEREVAN (CoinChapter.com) — Strategy, formerly MicroStrategy, bought 22,048 Bitcoin for around $1.92 billion, announced Michael Saylor

YEREVAN (CoinChapter.com) — Strategy, formerly MicroStrategy, bought 22,048 Bitcoin for around $1.92 billion, announced Michael Saylor on X on March 31. The firm paid an average of $86,969 per BTC.

The latest Bitcoin purchase brings Strategy’s total Bitcoin holdings to over 528,000 BTC, acquired for a total of $35.63 billion. The average cost per Bitcoin is $67,458. Saylor confirmed the data in his social media post, showing continued accumulation.

The Bitcoin dip followed increased market uncertainty. Despite that, Strategy moved forward with the buy. On March 21, it priced its newest preferred stock offering. Days later, on March 24, it crossed the 500,000 BTC mark.

Trump Tariff Bitcoin Concerns Fail to Stop Buy

The Bitcoin dip coincided with investor concerns over Donald Trump’s planned April 2 announcement on new tariffs. The upcoming move could affect inflation expectations and reduce demand for crypto.

Trump is expected to introduce reciprocal tariffs aimed at the top U.S. trading partners. These trade tensions have brought uncertainty around Bitcoin and other risk assets.

However, Strategy made its Bitcoin purchase before the policy details were released. Andrei Grachev, managing partner at DWF Labs told CoinChapter,

“This sell-off isn’t the end of the bull run — it’s a healthy reset.”

He said markets react to headlines, but the fundamentals have not changed.

Strategy Bitcoin Holdings Up $7.7B in Unrealized Gains

Data from Saylortracker shows that Strategy’s latest Bitcoin purchase brings the firm’s total unrealized gain to over $7.7 billion. At the end of January, the unrealized profit was close to $19 billion.

With Bitcoin currently trading around $83,280, the firm is still in profit despite recent market drops. The Saylortracker chart highlights the all-time holdings and the timeline of Strategy’s large buys.

Strategy has now made over 21% on its full investment. The firm remains the largest corporate Bitcoin holder, having bought Bitcoin consistently through both rallies and dips.

Strategy May Face Taxes on Unrealized Bitcoin Gains

Even though Strategy has not sold any Bitcoin, it may still owe federal taxes on its unrealized gains. The Inflation Reduction Act of 2022 introduced a corporate alternative minimum tax of 15%, calculated from adjusted financial results.

According to a January 24 report by the Wall Street Journal, Strategy falls under this tax rule. The IRS has yet to provide specific guidance for companies holding digital assets like Bitcoin.

However, there is speculation that the Trump administration could take a more favorable stance toward crypto. No formal changes to the tax code have been confirmed.