Strategy Pours $1.92 Billion Into Bitcoin Buying For Third Consecutive Week

Deal details: $1.92 billion in stock

Strategy’s soul, Michael Saylor, announced on X that the company used $1.92 billion in cash to add 22,048 BTC to its reserves. The money was raised from the sale of three shares (MSTR, STRK, STRF), part of a $21 billion fundraising plan announced in March 2025. Currently, Strategy’s Bitcoin portfolio is worth an average of $67,458/BTC, generating an 11% return on investment (BTC Yield) year-to-date – an impressive figure given the volatile market.

The purchase follows a steady string of purchases: March 24th, $584 million for 6,911 BTC, and previous large accumulations in late 2024. After a slowdown in mid-March (only $10.7 million on March 17th), Strategy seems to have regained its form, returning to its “weekly DCA” schedule that the crypto community jokingly calls “going to the BTC market”.

Strategy's long-term strategy

Since starting its Bitcoin accumulation in 2020, Strategy has transformed itself from a software company to a full-fledged “Bitcoin treasury.” With 528,185 BTC – more than 2.5% of the total supply – the company is not only the largest institutional investor but also a symbol of the trend of businesses hoarding crypto. The purchase at a high price ($86,969 compared to the market price of $84,000-85,000) shows that Strategy is not chasing short-term fluctuations but betting on the sustainable value of BTC in the future.

Whenever Strategy announces a large purchase, the market usually reacts positively, although this time the BTC price only increased slightly to around $85,000. With a total of more than $2.5 billion poured into Bitcoin in three weeks, Strategy is helping to create a price support, especially when investor sentiment is still hesitant about global economic factors such as inflation or interest rate policy. However, the scale of their purchase – while large – is still not enough to push the price above the strong resistance level, showing that the market has somewhat “got used to” this strategy.

Reactions and debates

The crypto community on X is divided. One camp has hailed Strategy as a “leader” in putting Bitcoin on its balance sheet, with some predicting that the move will attract companies like Metaplanet to join. The other camp is concerned about the risks of Strategy holding too much BTC: a potential sell-off (which has yet to be seen) could shock the market. Michael Saylor, however, has stuck to his “HODL forever” philosophy, dismissing any talk of selling.

Opportunity

• Get ahead of the bull run: If Bitcoin reaches forecast levels like $160,000 (Matrixport) or $185,000 (Galaxy Digital) by the end of 2025, Strategy’s investment will pay off handsomely, pushing the company’s valuation to new heights.

• Creating a model for businesses: Strategy's success could encourage other companies to stockpile BTC, making it a more popular reserve asset than gold.

Risk

• Financial Pressure: Continuous capital raising through stocks ($42 billion in 21/21 plan) makes Strategy dependent on the stock market. If MSTR stock drops sharply, the resources to buy BTC will be threatened.

• Short-term price action: Buying high carries the risk of temporary losses if BTC corrects below $80,000, although their long-term strategy may compensate.

Conclusion and evaluation

Strategy’s $1.92 billion purchase of 22,048 BTC on March 31, 2025 is a confident move, affirming its role as the “king of Bitcoin hoarding” in the eyes of global investors. With 528,185 BTC in hand, the company is not only betting on the future of cryptocurrencies but also reshaping the way businesses view BTC as a strategic asset. Despite facing financial risks and market volatility, this move shows that Strategy is still a force to be reckoned with. Can they continue to “shop” and push Bitcoin to new heights? The answer will gradually become clear in the coming months of 2025.