Claim BonusMichael Saylor’s MicroStrategy Acquires 22,048 Bitcoin For $1.92B, MSTR Stock In The Red
Highlights
- MicroStrategy acquired 22,048 BTC for $1.92 billion last week.
- The company now holds 528,185 BTC, which it bought for $35.63 billion.
- The MSTR stock is back in the red, dropping below $300.
Michael Saylor’s MicroStrategy, now known as Strategy, has made another Bitcoin purchase. This time, the company purchased 22,048 BTC for $1.92 billion, bringing its total holdings to 528,185. Meanwhile, the MSTR stock is back in the red amid this recent purchase.
MicroStrategy Acquires 22,048 BTC For $1.92 Billion
In a press release, MicroStrategy revealed that it has acquired 22,048 BTC for $1.92 billion at an average price of $86,969 per Bitcoin and has achieved a BTC yield of 11.0% year-to-date (YTD).
Following this purchase, Strategy now holds 528,185 BTC, which it acquired for $35.63 billion at an average price of $67,458 per Bitcoin. Meanwhile, the company remains the public company with the largest Bitcoin holdings.
This comes just a week after the company acquired 6,911 BTC for $584 million. Saylor and MicroStrategy will likely make more purchases in the coming weeks as they have raised billions of dollars for their Bitcoin acquisition plans.
Earlier in March, Saylor’s company announced plans to raise $21 billion through sales of its perpetual strike preferred stock to buy more Bitcoin. A week later, the company again announced plans to raise $722 million to accelerate its Bitcoin bet.
It is worth mentioning that Strategy already owns around 2.5% of Bitcoin’s total supply. Renowned economist Peter Schiff has continued to criticize Saylor’s Bitcoin Strategy. He recently stated that the company will, at some point, no longer have shares to sell or be able to borrow to buy more BTC. When that happens, Schiff predicts that Strategy’s stock and the Bitcoin price will crash.
MSTR Stock Back In The Red
MicroStrategy’s stock has declined amid the company’s recent purchase, dropping below $300. Nasdaq data shows that the MSTR stock is currently trading at around $280, down over 3% in pre-market trading.
The MSTR stock has recovered above $300 last week. However, it faces bearish pressure thanks to Bitcoin’s erratic price action. The stock market is also facing a wave of sell-offs at the moment due to Donald Trump’s tariffs, which continue to hamper the markets.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- CFTC Chair Michael Selig Signals New Regulatory Framework for Prediction Markets
- U.S. Government Shutdown Fears Ease as Senate Democrats Reach Deal With Trump
- SEC, CFTC to Sign MoU on Crypto Oversight in Bid to Make America the Crypto Capital
- Trump To Name Next Fed Chair Next Week as Pro-Crypto Chris Waller Gains Momentum
- BTC Price Crashes Below $85K Amid U.S.-Iran Tensions and Hawkish Fed Pivot
- Ethereum and XRP Price Prediction as Odds of Trump Attack on Iran Rise
- Gold and S&P 500 Price Prediction as BTC $88K Sparks Global Risk-On Rally
- How High Can Hyperliquid Price Go in Feb 2026?
- Top Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe, and Pump. Fun as Crypto Market Recovers.
- Solana Price Targets $200 as $152B WisdomTree Joins the Ecosystem
- XRP Price Prediction After Ripple Treasury launch
