Strategy Buys 3,459 Bitcoin Worth $285.8M Amid Market Uncertainty

Michael Saylor’s software intelligence firm Strategy has continued its aggressive Bitcoin acquisition strategy, adding to its holdings despite market uncertainties. The firm, based in Tysons, Virginia, announced on Monday that it had purchased approximately 3,459 Bitcoin between April 7 and 13, investing $285.8 million at an average price of $82,618 per coin. This acquisition brings Strategy’s total Bitcoin holdings to 531,644 BTC, valued at over $45 billion at current prices. This amount represents more than 2.5% of Bitcoin’s total supply of 21 million coins, making Strategy the largest corporate holder of Bitcoin globally.

The latest purchase marks Strategy’s first Bitcoin investment since March 31, when the company acquired $1.9 billion worth of Bitcoin. The funds for the recent acquisition were generated from the sale of its class A common stock. Last week, Strategy sold 959,712 MSTR shares for approximately $286 million. Under its current program, Strategy can still issue an additional $2.08 billion worth of MSTR shares, along with some preferred perpetual stock.

Strategy’s persistent Bitcoin buying spree occurs amidst a broader market pullback and decreasing investor appetite for risk assets. This downtrend is largely attributed to global trade policy uncertainties following the announcement of new tariffs by US President Donald Trump. Despite these challenges, Strategy remains committed to its Bitcoin acquisition strategy, with co-founder and Executive Chairman Michael Saylor referencing the firm’s Bitcoin buys on Twitter as “No Tariffs on Orange Dots.”

Strategy’s focus has shifted from software development to becoming a Bitcoin treasury, reflecting its strategic vision to leverage Bitcoin as a store of value. The firm’s continued investment in Bitcoin underscores its confidence in the cryptocurrency’s long-term potential, despite short-term market volatility. This strategy positions Strategy as a leader in the corporate adoption of Bitcoin, setting a precedent for other companies considering similar investments.