Michael Saylor’s MicroStrategy Doubles Down on Bitcoin: A $1.9B Dip Buy

In a bold move that underscores unwavering confidence in Bitcoin’s long-term potential, Michael Saylor’s MicroStrategy (now Strategy) has purchased an additional 22,048 Bitcoin (BTC) for approximately $1.92 billion. This strategic acquisition comes amidst market uncertainty surrounding potential trade tariffs, demonstrating a contrarian investment approach.

The purchase, announced via Saylor’s X post on March 31st, brings Strategy’s total BTC holdings to over 528,000, acquired at an average price of $67,458 per BTC. This represents a significant commitment, solidifying Strategy’s position as the world’s largest corporate Bitcoin holder.

This substantial investment follows a recent capital raise and Saylor’s earlier hints of an impending BTC purchase. The timing, coinciding with a market dip and concerns about upcoming tariffs, showcases a calculated risk-taking strategy focused on long-term growth. Despite potential headwinds, Strategy’s substantial unrealized profit (over $7.7 billion, according to Saylortracker) reflects the significant gains from its Bitcoin holdings.

The recent purchase, despite potential market volatility linked to President Trump’s upcoming tariff announcement on April 2nd, highlights Strategy’s unwavering belief in Bitcoin as a long-term store of value. The potential impact of these tariffs on inflation and risk assets like Bitcoin remains to be seen, adding another layer of complexity to this daring investment.

Related: Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes

This is a developing story, and we will provide updates as more information becomes available.