MicroStrategy Buys $2.5B Bitcoin, BTC Price Eyes New Highs

Key Insights:

• MicroStrategy continued its BTC buying spree with a recent $2.54 billion purchase.
• The company has successfully overtaken BlackRock in Bitcoin reserves.
• Analyst expects Bitcoin price to move toward the $86,000 amid this acquisition.

Michael Saylor’s MicroStrategy has revealed another huge Bitcoin acquisition. It has moved the company’s total assets beyond the 800,000 BTC mark. The most recent purchase, announced on April 20, was worth over $2.54 billion.

MicroStrategy Buys a Fresh Batch of BTC Worth $2.5 Billion

The company purchased 34,164 BTC at a cost of about $2.54 billion, averaging $74,395 per coin. This acquisition increases the total Bitcoin reserves of MicroStrategy to 815,061 coins. That’s worth more than 61.5 billion in the current market.

Official records show an average acquisition cost per its treasury of $75,527, which has been considered its breakeven point. MicroStrategy now stands ahead of the Bitcoin exposure of BlackRock. The asset manager’s iShares Bitcoin Trust holds 802,823 BTC, per the recent data available.

The purchase timing is in line with the market expectations. Mike Flaum, a market analyst, had previously estimated a 30,000-40,000 BTC purchase. This estimate came after Saylor had indicated he would buy more BTC in his Orange Dot post. The size of the latest acquisition is within that range.

MicroStrategy also reported a 9.5% year-to-date yield on its Bitcoin holdings in 2026. Phong Le, the CEO of Strategy, highlighted this feat, saying: “In one week, Strategy increased BTC Gain by 82% to $4.97 billion for the year. This reflects the reflexive power of combining appreciating bitcoin (digital capital) with accretive financing (digital credit).”

In response, the MSTR stock gained 1.72% to $169.39 on Monday after previously falling in the pre-market session.

BTC Price Update Today

At the time of writing, Bitcoin price stood at $75,434, up by 1.69% in the last 24 hours. Previously, BTC price action was quite range-bound, with growing macro tensions weighing on sentiment.

At the time, tensions between geopolitics were renewed when Donald Trump accused Iran of breaking a ceasefire. In addition, Iranian officials responded with claims that U.S. naval exercises violated the agreement.

Michaël van de Poppe states that the chart layout indicates some underlying strength even in the face of the sideways movement. He noted, “Relatively strong bounce upwards on $BTC on Monday, as markets tend to go risk-off prior to the open.”

He also pointed out that “there’s still a gap to $77.3K.” However, Poppe stayed positive amid the MicroStrategy purchase. He said, “I would assume we’re going to see new highs this week.”

What’s Next for Bitcoin Price?

The chart provided by Poppe indicates that Bitcoin price was in an important support area, around the $74,500-$75,000 mark. The structure showed a series of higher lows forming since March. It indicated a gradual recovery after a sharp correction earlier in the year.

It’s marked as a “crucial area to hold,” indicating that the level is important to support additional upside.

Another hurdle on the Bitcoin price chart was a resistance band around $86,000. An annotated projection suggested that it might move 16% in that direction if the support levels are held.

Poppe added that volume appears to be in check, and the price remains above a short-term moving average. He said that it supports the current period of consolidation.