Key Points:
- Strategy acquired 80,715 BTC in Q1 despite a downturn in Bitcoin’s price.
- Saylor teased a new BTC purchase via a post on X, suggesting more buying could be on the horizon.
- Strategy now boasts a BTC holding of 528,185, representing over two and a half percent of the total BTC supply.
Michael Saylor, a prominent advocate for Bitcoin, indicated that his company, Strategy (MSTR), might be preparing to announce another Bitcoin purchase this week. This comes soon after they disclosed expectations of a net loss in the first quarter due to unrealized losses stemming from their significant Bitcoin holdings.
Since the start of the year, the firm has added 80,785 BTC to its portfolio, raising a total of $7.69 billion in the first quarter—much of which stemmed from stock sales. It is believed these funds were primarily allocated toward Bitcoin acquisitions.
In a recent tweet, Saylor shared an update on BTC holdings with a cryptic remark stating that “there are no tariffs on orange dots.” This comment suggests that the company’s Bitcoin purchases remain unaffected by the tariffs enacted by Donald Trump earlier this month, contributing to the ongoing U.S.-China trade tensions.
No Tariffs on Orange Dots
— Michael Saylor (@saylor)
Link to Tweet
After halting its Bitcoin purchases, the value of the company’s crypto stash is estimated to be around $44.59 billion, compiled for approximately $35.63 billion. Currently, Strategy maintains 528,185 BTC, purchased at an average cost of $67,458, which is equivalent to 2.515% of the entire cryptocurrency supply.
