MicroStrategy Buys $1.92 Billion in Bitcoin, Marking Its Second Largest Purchase in 2025
MicroStrategy (now known as Strategy) Chairman Michael Saylor has just announced a new Bitcoin purchase worth nearly $2 billion, just weeks after a similar deal. This is a bold move given the volatility in the Bitcoin market.
Buying More Bitcoin Through Equity Offerings
To make this move, Strategy has conducted large-scale equity offerings, generating funds to buy more BTC. Although the price of Bitcoin has been falling in recent weeks, the company's large BTC purchases could pose a liquidity risk in the future if the price continues to decline sharply.
Strategy Keeps Buying Bitcoin
Since Strategy began accumulating Bitcoin, the company has quickly become one of the largest institutional holders of BTC in the world. This has completely changed Strategy's business direction, putting Bitcoin at the center of everything it does and inspiring many other companies to follow suit.
Today, Michael Saylor announced a larger purchase than any of his previous ones.
"In total, Strategy purchased 22,048 BTC for ~$1.92 billion at ~$86,969 per bitcoin, achieving a BTC yield of 11% year-to-date in 2025. As of March 30, 2025, Strategy holds 528,185 BTC for a total investment of ~$35.63 billion, at an average price of ~$67,458 per bitcoin," Saylor announced on social media.
Big Bitcoin Commitment
This latest $1.92 billion Bitcoin purchase is Strategy's largest commitment this year. In February, the company made a similar $2 billion purchase, followed by several smaller purchases of $10 million and $500 million. The $500 million purchase on March 24, in particular, was the result of a massive new stock offering, further cementing the company’s belief in Bitcoin.
With such multi-billion dollar purchases, Strategy has not only strengthened its position but could also positively impact Bitcoin market sentiment. However, investors should be aware of some potential risks.
Potential warning signs
Bitcoin’s performance has been underwhelming recently, despite hitting record highs at the start of the year. Bitcoin is currently experiencing its worst quarter since 2019 and lacks the momentum to continue growing.
This could pose a risk to Strategy, as the company holds a large amount of BTC. If it needs to liquidate its assets, this could push the Bitcoin price down and cause significant damage to the market.
In addition, the company's debt level is increasing rapidly. If the Bitcoin price continues to fall, Strategy could face pressure to liquidate assets, although this scenario is not clear at the moment.
Long-term commitment to Bitcoin
However, these are just possible scenarios in the future. Strategy has maintained a commitment to investing in Bitcoin consistently for the past 5 years, and this strategy has yielded good results. While increasing debt levels to continue buying BTC could turn out to be a risky gamble, so far the company's belief in Bitcoin remains strong.