Michael Saylor’s Strategy buys Bitcoin dip with $1.9B purchase

Michael Saylor’s Strategy Purchases 22,000 BTC for Nearly $2 Billion Amid Market Uncertainty

Michael Saylor’s Strategy, formerly MicroStrategy, made a significant Bitcoin acquisition, purchasing 22,048 BTC for $1.92 billion at an average price of $86,969 per Bitcoin. This move comes despite growing concerns surrounding rising market uncertainty and US President Donald Trump’s upcoming tariff announcement on April 2. The company took advantage of a recent price dip in the Bitcoin market, further solidifying its position as the world’s largest corporate Bitcoin holder.

With this latest purchase, Strategy now holds over 528,000 BTC, valued at approximately $35.63 billion, with an average acquisition price of $67,458 per Bitcoin. This acquisition milestone was achieved just days after surpassing the 500,000 Bitcoin holdings threshold on March 24. According to Michael Saylor’s recent update on March 31, Strategy’s Bitcoin holdings have grown by more than 21%, with an unrealized profit of over $7.7 billion, based on data from Saylortracker.

Despite growing concerns about the potential impact of Trump’s April 2 tariff announcement, which is expected to target major US trading partners and increase inflationary pressures, Strategy continues to maintain a strong Bitcoin strategy. Experts, like Andrei Grachev, managing partner of DWF Labs, assert that the current market sell-off is likely a “healthy reset” and that long-term fundamentals for Bitcoin remain intact.

Potential Tax Implications for Strategy’s Bitcoin Holdings

Even though Strategy has never sold any of its Bitcoin, the company could face tax obligations on its unrealized gains, which have exceeded $7.7 billion. Under the Inflation Reduction Act of 2022, Strategy may be subject to federal income taxes based on these unrealized gains. This new legislation introduced a “corporate alternative minimum tax,” which would impose a 15% tax rate on companies like Strategy, depending on their earnings. However, with the potential for a more crypto-friendly administration under Trump, the IRS may create an exemption for Bitcoin holdings, which could impact the firm’s tax liability.

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