MicroStrategy, the largest corporate holder of Bitcoin in the world, has expanded its BTC holdings this week, as Michael Saylor remains ultra-bullish on the leading cryptocurrency.

Sources within the US tech company have informed London Insider that MicroStrategy has purchased more Bitcoin this week, and the firm will publicly announce the details of its latest BTC purchase on 14 April.

Last week, London Insider reported that MicroStrategy had decided not to purchase Bitcoin until later in the month, reversing an earlier decision.

And on 28 March, London Insider revealed that MicroStrategy had purchased more Bitcoin that week and was set to announce the move on 31 March, which they did via a company filing and via social media.

Specifically, on March 31, Bitcoin advocate Michael Saylor’s company, Strategy, announced the acquisition of 22,048 Bitcoin, valued at approximately $1.92 billion.

The company stated that the purchase was funded through proceeds from its common MSTR at-the-market (ATM) offering, as well as preferred STRK and STRF ATM stock sales.

During pre-market trading, MSTR shares were priced at $282, while STRK and STRF stocks were trading at $84 and $92, respectively.

Bitcoin Holdings Continue to Grow

The latest Bitcoin acquisition occurred between March 24 and March 30, with each Bitcoin costing the company an average of $86,969. As of March 30, Strategy now holds 528,185 Bitcoin, worth around $35.63 billion, with an average purchase price of $67,458 per Bitcoin.

Since 2020, the company has been aggressively converting its balance sheet into a Bitcoin reserve, making it the largest corporate holder of the cryptocurrency.

MARA Holdings Eyes Expansion

Meanwhile, MARA Holdings, the world’s largest Bitcoin mining company, currently holds 46,374 Bitcoin, making it the second-largest corporate Bitcoin holder. However, the company aims to expand its Bitcoin holdings and has announced plans to raise $2 billion through a stock offering.

On March 28, MARA Holdings filed an 8-K report with the U.S. Securities and Exchange Commission (SEC), outlining its partnership with investment firms such as Barclays Capital, BMO Capital Markets, and Cantor Fitzgerald & Co. The company plans to sell common stock at a par value of $0.0001 per share to fund further Bitcoin acquisitions.

With both Strategy and MARA Holdings doubling down on Bitcoin, corporate interest in the leading cryptocurrency continues to grow.

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