MicroStrategy buys dip sauce, adding 22,048 bitcoins (BTC) to its collection

Business intelligence company MicroStrategy purchased another 22,048 bitcoins, and the total holding volume hit a new high!

MicroStrategy, the well-known business intelligence company, recently spent about US$1.9 billion to purchase 22,048 Bitcoins (BTC), further consolidating its position as one of the world's largest Bitcoin holding companies.

The acquisition was completed between March 24 and March 30, with an average price of $86,969 per bitcoin, according to the company's filing with the Securities and Exchange Commission (SEC).

After the acquisition, MicroStrategy's total Bitcoin holdings reached about 214,246, worth about US$43.4 billion, accounting for about 2.5% of the total Bitcoin supply.

Source of funds and past acquisitions:

The funds purchased for Bitcoin are derived from the company's stock sales plan (ATM) and the recent earnings of convertible bonds.

It is worth mentioning that MicroStrategy also conducted a large-scale Bitcoin acquisition in December last year, when it purchased 21,550 Bitcoins for about $2.1 billion, with an average price of $98,783 per coin.

MicroStrategy CEO Michael Saylor once publicly stated that the company will continue to purchase even if the price of Bitcoin rises to $1 million per coin.

Market background:

It is worth noting that the acquisition occurred against the backdrop of a sharp decline in the cryptocurrency market last week. Market turmoil is mainly due to investors' concerns about the imminent tariff policy, which has caused the total market value to evaporate by more than $130 billion.

Summarize:

MicroStrategy continues to increase its holdings in Bitcoin, demonstrating its long-term optimism for the cryptocurrency market. The huge investment further consolidates its leadership in the cryptocurrency space and sets an example for other institutional investors.

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