Michael Saylor’s Strategy Acquires $1.92 Billion Worth of Bitcoin
Michael Saylor, through his company Strategy, has acquired 22,048 BTC for $1.92 billion, bringing the total holdings to 528,185 BTC, which represents 2.51% of the total Bitcoin supply.
The purchase was financed without traditional debt, thanks to equity issuances and preferred STRK and STRF securities.
Strategy is strengthening its position despite market volatility, demonstrating Saylor’s belief that Bitcoin will replace gold as the global store of value.
An Historic Acquisition Confirming a Bold Strategy
Michael Saylor continues to challenge conventions. Strategy, a pioneer in institutional Bitcoin investment, has made a spectacular move by acquiring 22,048 BTC for a total of $1.92 billion. This latest acquisition brings the company’s total holdings to 528,185 bitcoins, with a total acquisition cost of $35.63 billion.
The average purchase price for this transaction stands at $86,969 per BTC, well above the overall average in the portfolio, which is now at $67,458. This bold move comes at a time when the price of Bitcoin is around $82,000, valuing Strategy’s holdings at over $43 billion.
A Strategy Fueled by Financial Markets
The operation was funded not through cash reserves, but via market instruments. The majority of the funds, $1.2 billion, comes from equity issuances in the week ending March 30. This demonstrates Strategy’s ability to mobilize significant capital without resorting to traditional debt.
In addition, the company activated its STRK preferred securities issuance program, raising an additional $18.52 million. It also finalized the issuance of its STRF series, generating a net contribution of $711.2 million. This diversification of funding sources strengthens Strategy’s position while limiting its exposure to traditional financial risk.
A Calculated and Assumed Risk
Amid the bullish market euphoria, when Bitcoin reached its all-time highs, Strategy did not shy away from a high valuation. The BTC Pacman will not stop now that the price is slowing down. This aggressive positioning confirms Michael Saylor’s vision of Bitcoin as a digital safe haven destined to surpass gold and redefine the store of value for the 21st century.
But the bet has its uncertainties. Today, the MSTR stock price was down 4%, in line with Bitcoin’s 3% decline since Friday’s close. This volatility serves as a reminder that Saylor’s ambitious strategy has short-term consequences for shareholders.
An Unparalleled Accumulation Race
With over half a million bitcoins in its possession, Strategy now holds nearly 2.51% of the maximum BTC supply of 21 million. This staggering number makes it by far the most involved private player in the flagship cryptocurrency.
While traditional institutions are still hesitant to fully embrace Bitcoin, Strategy is doubling down. And as long as the market shows no signs of a lasting reversal, there seems to be no stopping Michael Saylor’s appetite.
