Recent evaluations indicated that a weekly close above $85,000 could trigger a price increase. As of today, the threshold of $87,000 has been surpassed, which may lead to further momentum for significant gains, provided this level is maintained. In the midst of these developments, Michael Saylor is back in the spotlight, sharing updates about his company’s recent Bitcoin purchases.
MicroStrategy’s BTC Acquisition
According to the latest SEC filing, the company has acquired an additional $584 million in Bitcoin (BTC) 
$87,430 during the recent downturn. Having purchased 6,911 BTC, MicroStrategy’s total holdings have now exceeded 500,000. The filing to the U.S. Securities and Exchange Commission details that purchases were made between March 17-23 at a cost of $84,529.
With the total Bitcoin (BTC) reserves climbing to 506,137, the overall investment has reached $33.7 billion. This results in an average purchase cost of around $66,608 per BTC. Currently, the company is yielding approximately $20,000 in profit per Bitcoin, maintaining reasonable costs despite multiple purchases made at nearly $100,000 levels.
Current Bitcoin (BTC) Price
At the time of writing, BTC is priced at $87,300. Following a dip to about $77,000 two weeks ago, the price has increased by 13%. The $87,500 mark represents a crucial price zone; should bulls remain strong around this level, it could provide breathing room for altcoins. So far, there is no significant news flow anticipated until Thursday and Friday. 
As April 2 approaches, there are signs of moderate messaging regarding tariffs. If we witness milder customs tariffs on that date, it is expected that the reversal of excessive fear could accelerate the rise in risk markets.
