Michael Saylor’s company, Strategy, has capitalized on the recent Bitcoin price drop by purchasing nearly $2 billion worth of BTC, even as market concerns rise ahead of US President Donald Trump’s upcoming tariff announcement.
The firm, previously known as MicroStrategy, acquired 22,048 Bitcoin for approximately $1.92 billion, securing each BTC at an average price of $86,969.
With this latest purchase, Strategy’s total Bitcoin holdings have surpassed 528,000 BTC, accumulated at a total cost of $35.63 billion and an average purchase price of $67,458 per coin, Saylor revealed in a March 31 post on X.
As the world’s largest corporate Bitcoin holder, Strategy crossed the 500,000 BTC milestone on March 24—just days after Saylor hinted at a new acquisition following the company’s March 21 preferred stock offering.
At current market rates, the firm sits on an unrealized profit exceeding $7.7 billion, reflecting a more than 21% gain on its Bitcoin position, as per Saylortracker data.
Despite investor uncertainty surrounding Trump’s April 2 tariff announcement, Strategy proceeded with the substantial Bitcoin buy. The upcoming policy decision could influence Bitcoin’s price trajectory, as the expected trade tariffs on key US partners may heighten inflation concerns and curb demand for risk assets.
“This isn’t the end of the bull run—it’s just a healthy reset,” said Andrei Grachev, managing partner at DWF Labs. “Markets tend to overreact to tariffs and macroeconomic news, but the long-term fundamentals remain intact.”
Tax Implications for Strategy’s Unrealized Bitcoin Gains
Though Strategy has never sold any of its Bitcoin holdings, it may still face tax liabilities on its unrealized profits, which had previously peaked at $19 billion in January.
Under the Inflation Reduction Act of 2022, the firm could be subject to a 15% corporate alternative minimum tax based on adjusted earnings, as noted in a Wall Street Journal report from Jan. 24.
However, potential tax policy shifts under a more crypto-friendly Trump administration might lead the IRS to introduce exemptions for Bitcoin.
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