$1.9B Bitcoin Buy Sends Shockwaves: Michael Saylor’s Strategy Expands Bitcoin Reserve

Michael Saylor’s Strategy (previously known as MicroStrategy) has made the headlines again with its latest purchase of 22,048 Bitcoin, valued at a whopping $1.9 billion. This significant purchase was processed between March 24 and March 30, with an average price of about $86,969 per Bitcoin. With this big acquisition, Strategy’s Bitcoin reserve has surged to 528,185 BTC. This has cemented Strategy’s position as the largest corporate holder of Bitcoin in the world. 

Strategy Expands Bitcoin Reserve With Largest Ever Purchase

The purchase is another addition to the series of strategic acquisitions by Strategy to capitalize on the market fluctuations and enhance the company’s portfolio. Bitcoin has had a rough first quarter, dropping almost 25% from its all-time high in January. However, Michael Saylor remains unfazed in his Bitcoin strategy. His confidence in Bitcoin as a long-term investment continues to drive Strategy’s aggressive Bitcoin spree. The company, to date, has reportedly spent around $7.8 billion on Bitcoin in Q1 of 2025, with this purchase being their largest so far.

Bitcoin Reserve Boosts Strategy Stock by 2200%!

To finance this latest purchase, Strategy used the income from its recent sales of common stock and preferred shares. The company sold over 3.6 million shares of its Class A Common Stock, generating $1.2 billion in sales. This novel financing plan has proven beneficial for the company, as its stock has skyrocketed nearly 2,200% since it began investing in Bitcoin back in 2020. Saylor’s commitment to Bitcoin has drawn both admiration and criticism. Critics like Peter Schiff have voiced concerns over the sustainability of such investments, asking how much more capital investors will allow Saylor to allocate towards Bitcoin. 

However, Saylor’s plans remain clear: a future with the help of cryptocurrency as a primary asset. As Strategy continues to expand its Bitcoin reserve, it remains a vital player in the landscape of digital assets. Strategy’s success so far also puts the spotlight on the potential rewards the crypto space can offer. In light of this development, let’s also take a look at how the coin has been performing on the charts. BTC price prediction at the end!

BTC Price Analysis: Bitcoin Recovers Post Volatile Week

Bitcoin commenced trading at $82,338 yesterday. Going on an overall downtrend, Bitcoin fluctuated rapidly, falling to the $81,309 support in the first hour of trading. The price rapidly bounced back up again, going to $82,170, all thanks to the fluctuations on the MACD. The resistance line was seen falling while the support trend line kept rising, as a converging triangle appeared. This led to an upward breakout, with Bitcoin going to $82,824 at 05:25 UTC from $81,423 at 04:25 UTC. BTC faced strong resistance at $82,824 and displayed range-bound behavior with $81,745 as a close support.

Chart 1: analyzed by raodevansh18, published on TradingView, April 1, 2025

After a downward breakout from the range, Bitcoin found a golden cross at 10:15. This led Bitcoin into an upward channel, with range-bound fluctuations pushing Bitcoin up. Rapid action on the MACD followed,  as the price plunged and then soared higher, all in the matter of an hour. By 15:25, Bitcoin was trading at $83,769. Soon, a downward channel ensued, as Bitcoin fell to $82,656 by 17:55 UTC. The downward movement continued till 22:55, with the price at $82,300, displaying an oversold RSI. Since then, Bitcoin has been on a gradual uptrend. 

BTC Price Prediction: Can Bitcoin Keep The Uptrend Going?

BTC has had a rough last week, and yesterday was the first semblance of recovery that we have seen. For now, the RSI seems to be closing in on overbought conditions, so a slight price correction will occur. However, Bitcoin should continue on the uptrend for a while. Should any rapid activity occur, Bitcoin’s recovery will be slow and trend-dominated.