MicroStrategy Buys 22,337 BTC; Stock Jumps 4% Premarket

Published at 2026-03-16 18:32:30

MicroStrategy said it bought 22,337 BTC at an average price of $70,194 per coin, a transaction worth about $1.57 billion according to the filing Monday. The purchase continues the company's multi-year accumulation strategy and reinforces its view of Bitcoin as a long-term store of value amid a broader market upswing.

Shares of MicroStrategy (MSTR) climbed roughly 4% in premarket trading, tracking Bitcoin’s gains as investors responded to renewed demand for BTC from corporate treasuries. The deal highlights how large-scale corporate purchases can influence market sentiment and liquidity, and investors will be watching whether MicroStrategy maintains its buying pace as macro conditions and BTC price action evolve.

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