Main Takeaways:-
- The plan involved obtaining an additional 3.4k BTC for $285M collected from the sale of MSTR stock.
- The company continues to hold a $37 billion capital increase capability not yet used for BTC buys.
On Monday, April 14, the founder of Microstrategy, Michael Saylor, revealed the company purchased an additional 3,459 Bitcoin (BTC) for $285.8 million.
Strategy, one of the first companies to invest in Bitcoin as part of its business funds, now owns 531,644 BTC. This update was not unexpected, especially after Saylor recently hinted at it by saying, “No tariff on orange dots.”
Bitcoin’s Next Move: What to Expect
The company bought more Bitcoin using money from selling MSTR stock, as reported in an 8-K filing with the SEC.
According to the organization’s 21/21 investment strategy ($21 billion raised through debt and $21 billion raised by issuing stocks), there is still $37.6 billion in potential funds that can be raised.
In fact, experts have mentioned that planned bidding could have been answerable for the past week’s BTC price action.
BTC surged by 7% in the past week and reached $86k. At the reporting time, however, BTC was worth $85k and under the bullish support of the 200DMA (daily simple moving average).
That said, the purchases in 2025 have been smaller than those in late 2024. During the same time, Bitcoin’s price dropped from $109k to as low as $74k, then stabilized above $70k.
Consequently, Strategy’s potential gains dropped from around $19 billion to $9 billion, a loss of about $10 billion. Bitcoin’s price changes affected MSTR as well. Strategy’s stock has been falling since last November.
On the other hand, in the last two months, it reached a local low at the 200DMA (blue), fluctuating between $230 and $330. If the price stays above the trendline resistance, it could give bulls the strength to push the price even higher.
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Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.
