Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Saylor hints at new Bitcoin purchase after $7.69 billion spree

Saylor hints at new Bitcoin purchase after $7.69 billion spree

GrafaGrafa2025/04/14 21:00
By:Mahathir Bayena

Michael Saylor, co-founder of Strategy, has signaled another Bitcoin (CRYPTO:BTC) acquisition following the company’s massive $7.69 billion buying spree in the first quarter of 2025. 

Strategy added 80,785 BTC during this period, raising funds primarily through common stock sales. 

The company paused its Bitcoin purchases during the week ending April 6 but now holds 528,185 BTC, representing over 2.5% of Bitcoin’s total supply. 

Saylor’s recent post on X included a Bitcoin holdings tracker and the comment “no tariffs on orange dots,” hinting at an imminent purchase. 

The remark references Bitcoin’s resilience amid recent U.S.-China trade tensions and reciprocal tariffs introduced earlier this month. 

Strategy acquired its Bitcoin holdings at an average price of $67,458 per coin, with the current value estimated at $44.59 billion compared to an acquisition cost of $35.63 billion.

Despite reporting a net loss in Q1 due to unrealised losses on its holdings, the company remains committed to its aggressive Bitcoin-centric strategy. 

Saylor has been a vocal advocate for Bitcoin adoption, positioning Strategy as a major institutional player in the cryptocurrency ecosystem. 

The company’s approach involves raising capital through equity and debt offerings to fund additional acquisitions, leveraging market conditions to expand its reserves.

As Strategy eyes further purchases, industry observers are closely monitoring its actions in light of fluctuating market conditions and regulatory developments. 

At the time of reporting, the Bitcoin price was $84,520.02.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Ripple XRP vs.SEC Legal Case to Close Soon

Cryptotimes2025/04/16 21:22

Panama City Council makes history as the first government institution accepting crypto payments

Share link:In this post: Panama City council voted in favor of becoming the first public institution of government to accept payments in cryptocurrencies. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, and USDT. The city partnered with a bank that will receive crypto payments and convert them on the spot to U.S. dollars, allowing for the free flow of crypto in the entire economy.

Cryptopolitan2025/04/16 19:45
Panama City Council makes history as the first government institution accepting crypto payments