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Cryptocurrency News Articles
MicroStrategy Adds 22,048 Bitcoins to Its Treasury, Bringing Its Total Holdings Above 528,000 BTC
Apr 01, 2025 at 02:00 am
This acquisition brings the company's total Bitcoin reserves to over 528,000 BTC, with an average purchase price of $67,458 per coin.
Michael Saylor's firm, Strategy, has reportedly scooped up a massive amount of Bitcoin during a market dip.
According to a latest filing with the U.S. Securities and Exchange Commission (SEC), Strategy purchased 22,048 BTC for nearly $2 billion.
This latest purchase, which brings the company's total Bitcoin reserves to over 528,000 BTC at an average purchase price of $67,458 per coin, was made at a time when market uncertainty is growing.
The latest purchase, which brings the company's total Bitcoin reserves to over 528,000 BTC at an average purchase price of $67,458 per coin, was made at a time when market uncertainty is growing.
The timing of this latest acquisition comes as market participants eagerly await an anticipated tariff announcement from U.S. President Donald Trump, which is expected on April 2.
An Ongoing Saga: A Deep Dive into Strategy's Bitcoin Accumulation
The latest move by Strategy, which rebranded from MicroStrategy earlier this year, further solidifies its position as the largest corporate Bitcoin holder.
Having already crossed the 500,000 BTC mark just days earlier, Strategy continues to capitalize on market opportunities to expand its digital asset portfolio.
This latest purchase brings the company's total Bitcoin holdings to over 528,000 BTC, with an average purchase price of $67,458 per coin.
At current market prices, Strategy's Bitcoin holdings are now valued at more than $35.63 billion, realizing an unrealized profit of over $7.7 billion.
However, with Trump's administration signaling a more favorable stance on cryptocurrency, some speculate that Bitcoin holdings could receive exemptions from such tax policies.
As the dust settles on this latest chapter in Strategy's Bitcoin saga, it remains to be seen how these latest developments will impact the company's overall performance and the broader cryptocurrency landscape.
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