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Saylor Teases New Bitcoin Buy After Strategy’s $7.69 Billion Q1 Buying Spree


Strategy paused BTC buys as bitcoin tumbled in Q1, but Saylor signaled additional purchases may be coming.

Updated Apr 14, 2025, 5:05 p.m. Published Apr 13, 2025, 6:12 p.m.
Strategy CEO Michael Saylor in 2021 (Photo by Joe Raedle/Getty Images)

What to know:

  • Strategy added 80,715 BTC in Q1, amid a drop in bitcoin’s price
  • Saylor posted a BTC tracker on X, hinting a new buy may be imminent
  • Strategy now holds 528,185 BTC—over 2.5% of total supply

Bitcoin proponent Michael Saylor has hinted the company he co-founded, Strategy (MSTR), may be set to announce an additional BTC purchase this week shortly after revealing it expects a net loss in the first quarter of the year over unrealized losses on its massive BTC holdings.

The company has added 80,785 BTC to its balance sheet since the beginning of the year after raising a total of $7.69 billion during the first quarter, with over half of that coming from common stock sales. Most, if not all, of those funds were used to buy bitcoin.

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On Sunday, Saylor posted a BTC holdings tracker to X, a move that typically precedes a purchase announcement, commenting there are “no tariffs on orange dots.” The comment implies the company’s BTC purchases were unaffected by the reciprocal tariffs Donald Trump introduced earlier this month and the ensuing U.S.-China trade war.

The company paused its buying during the week ending April 6. Its crypto stash is currently worth roughly $44.59 billion, and was acquired for $35.63 billion.

Strategy currently holds 528,185 BTC bought at an average price of $67,458 according to Bitcointreasuries data equivalent to 2.515% of the cryptocurrency’s total supply.

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Rampant speculation on crypto derivatives platforms is fueling volatility and risking bitcoin’s image as a stable hedge, says BlackRock’s digital assets chief.

What to know:

  • BlackRock digital-assets chief Robert Mitchnick warned that heavy use of leverage in bitcoin derivatives is undermining the cryptocurrency’s appeal as a stable institutional portfolio hedge.
  • Mitchnick said bitcoin’s fundamentals as a scarce, decentralized monetary asset remain strong, but its trading increasingly resembles a "levered NASDAQ," raising the bar for conservative investors to adopt it.
  • He argued that exchange-traded funds like BlackRock’s iShares Bitcoin ETF are not the main source of volatility, pointing instead to perpetual futures platforms.