Michael Saylor’s company has purchased close to $2 billion worth of Bitcoin, seizing the opportunity presented by a recent dip in prices amid increasing market anxiety related to the impending tariff announcement from former President Donald Trump.
The company, previously known as MicroStrategy, has acquired 22,048 Bitcoin (BTC) for $1.92 billion, achieving an average cost of around $86,969 per coin.
Currently, the firm possesses over 528,000 Bitcoin obtained for a total of $35.63 billion at an average price of $67,458 per BTC, as detailed by Saylor in a post on March 31.
Image credit: Michael Saylor
The firm stands as the largest corporate holder of Bitcoin in the world, having crossed the milestone of 500,000 Bitcoin holdings on March 24, shortly after Saylor suggested a forthcoming Bitcoin purchase following the company’s announcement regarding its latest tranche of preferred stock on March 21.
The company has experienced a gain of over 21% on its Bitcoin investments, leading to an unrealized profit exceeding $7.7 billion, according to data from Saylortracker.
Total Bitcoin holdings chart. Image credit: Saylortracker
The company’s recent nearly $2 billion acquisition comes amid investor apprehensions about Trump’s upcoming tariff announcement on April 2, which could influence Bitcoin’s price movement in the coming month.
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The announcement on April 2 is anticipated to outline reciprocal trade tariffs aimed at major US trade partners, which may heighten inflation worries and decrease demand for risk assets such as Bitcoin.
“This sell-off doesn’t signify the end of the bull run — it’s simply a necessary adjustment,” commented Andrei Grachev, managing partner at DWF Labs. “Markets tend to overreact to tariffs and macroeconomic news, but the underlying fundamentals remain unchanged.”
Related: Crypto debanking isn’t over until January 2026: Caitlin Long
Company may face tax on unrealized Bitcoin gains
Although the company has never sold any Bitcoin, it may face tax obligations on its unrealized gains exceeding $7.7 billion, which had previously reached as high as $19 billion by the end of January.
Under the Inflation Reduction Act of 2022, the firm may be required to pay federal income taxes on these unrealized gains.
This law introduced a “corporate alternative minimum tax,” designating the company at a 15% tax rate based on an adjusted measure of its earnings, as reported earlier this year.
However, there is speculation that the IRS might create an exemption for Bitcoin under a more crypto-friendly administration.
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