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On March 31, Bitcoin evangelist Michael Saylor 's Strategy (Nasdaq: MSTR), formerly MicroStrategy, announced the acquisition of 22,048 Bitcoin worth $1.92 billion.

The company said that its Bitcoin purchases were made using proceeds from the common MSTR at-the-market (ATM), preferred STRK ATM, and STRF stock offerings.

The MSTR was trading at $282, the STRK stock was trading at $84, and the STRF stock was trading at $92 in pre-market hours.

The recent purchase has been made between March 24 and March 30, with one Bitcoin costing the company $86,969.

As of March 30, Strategy now holds 528,185 Bitcoin worth around $35.63 billion, acquired at approximately $67,458 per Bitcoin.

Strategy, which has been acquiring Bitcoin since 2020, is converting its balance sheet into a Bitcoin reserve. The company is the world's largest corporate holder of Bitcoin.

In contrast, the world’s largest Bitcoin mining company, MARA Holdings , which holds only 46,374 Bitcoin, is the world’s second-largest corporate holder of Bitcoin.

Nonetheless, the Bitcoin miner doesn’t want to be left far behind and has announced a $2 billion stock offering to acquire additional Bitcoin.

On March 28, MARA Holdings filed an 8-K filing with the Securities and Exchange Commission (SEC) in which it mentioned that it was partnering with investment giants such as Barclays Capital, BMO Capital Markets, and Cantor Fitzgerald & Co., to sell common stocks, par priced at $0.0001 per share, worth $2 billion.

As per Kraken’s price feeds , Bitcoin was trading at $82,318.33 at press time as it recorded a weekly decline of more than 5%.