YEREVAN (CoinChapter.com) —
Strategy, formerly MicroStrategy, bought 22,048 Bitcoin for around $1.92 billion, announced Michael Saylor on X on March 31. The firm paid an average of $86,969 per BTC.
With this latest Bitcoin purchase, Strategy now holds over 528,000 BTC, acquired for a total of $35.63 billion. The average cost per Bitcoin stands at $67,458. Saylor confirmed the data in his social media post, showing continued accumulation.
The Bitcoin dip followed increased market uncertainty. Despite that, Strategy moved forward with the buy. On March 21, it priced its newest preferred stock offering. Days later, on March 24, it crossed the 500,000 BTC mark.
Trump Tariff Bitcoin Concerns Fail to Stop Buy
The Bitcoin dip coincided with investor concerns over Donald Trump’s planned April 2 announcement on new tariffs. This upcoming move could affect inflation expectations and reduce demand for crypto.
Trump is expected to introduce reciprocal tariffs aimed at the top U.S. trading partners. These trade tensions have raised uncertainty around Bitcoin and other risk assets.
Still, Strategy made its Bitcoin purchase before the policy details were released. Andrei Grachev, managing partner at DWF Labs told,
“This sell-off isn’t the end of the bull run — it’s a healthy reset.”
He said markets react to headlines, but the fundamentals have not changed.
Strategy Bitcoin Holdings Up $7.7B in Unrealized Gains
Data from Saylortracker shows that Strategy’s Bitcoin purchase now brings the firm’s total unrealized gain to over $7.7 billion. At the end of January, the unrealized profit stood near $19 billion.
With Bitcoin currently trading around $83,280, the firm is still in profit despite recent market drops. The Saylortracker chart highlights the all-time holdings and the timeline of Strategy’s large buys.
Strategy has now gained over 21% on its full investment. The firm remains the largest corporate Bitcoin holder globally, having bought Bitcoin consistently through both rallies and dips.
Strategy May Face Taxes on Unrealized Bitcoin Gains
Even though Strategy has not sold any Bitcoin, it may still owe federal taxes on its unrealized gains. The Inflation Reduction Act of 2022 introduced a corporate alternative minimum tax of 15%, calculated from adjusted financial results.
According to a Wall Street Journal report from January 24, Strategy qualifies under this tax rule. The IRS has not yet provided specific guidance for companies holding digital assets like Bitcoin.
However, there is speculation that the Trump administration could take a more favorable stance toward crypto. No formal changes to the tax code have been confirmed.