MicroStrategy continued to expand its Bitcoin holdings during the recent market pullback, maintaining its consistent buying strategy despite volatility and rising geopolitical tensions.
Summary
MicroStrategy purchased 1,031 BTC at an average price of $74,326, increasing its total holdings to 762,099 BTC.
This buy was significantly smaller than the previous week’s acquisition of 22,337 BTC worth $1.57 billion.
Bitcoin’s drop below $70,000 has put the latest purchase under pressure amid ongoing market fluctuations.
The company disclosed that it spent around $76.6 million on the latest purchase, which likely took place early last week when Bitcoin was still trading above $74,000. Shortly after, prices declined following the second Federal Open Market Committee meeting of the year.
According to Michael Saylor, the firm’s total Bitcoin holdings now stand at 762,099 BTC, with an overall investment of approximately $57.69 billion—solidifying its position as the largest corporate holder of the asset.
Smaller buy compared to previous week
While the latest purchase is notable, it is far smaller than the company’s previous acquisition, where it invested $1.57 billion to buy 22,337 BTC. Despite the reduced size, the move highlights MicroStrategy’s continued commitment to its dollar-cost averaging approach, with regular purchases typically announced on Mondays.
Market volatility impacts positioning
Bitcoin traded above $74,000 earlier last week before reversing lower, with the decline accelerating around the time of the Federal Reserve’s policy meeting. By the time of writing, Bitcoin had slipped below $70,000 after briefly rebounding to $71,500.
The recent downturn means MicroStrategy’s newest purchase is currently under pressure, as the market price sits below its average entry level. This has resulted in unrealized losses on the latest batch of Bitcoin holdings.
Even so, the company’s ongoing accumulation strategy suggests continued long-term confidence in Bitcoin, despite short-term market uncertainty.
