04-14-2025, 04:20 PM
Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTM3ZmItYmU1MC03Mjc1LTlkMjUtNWEzNzY3YjAyMmNj.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTM3ZmItYmU1MC03Mjc1LTlkMjUtNWEzNzY3YjAyMmNj.jpg" alt="Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty"></p><p>Michael Saylor’s digital asset firm, Strategy, purchased 3,459 Bitcoin for $285.5 million, signaling continued confidence in Bitcoin even as global markets face trade-related headwinds.<p>Strategy acquired the 3,459 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) for $285.5 million at an average price of $82,618 per BTC. The purchase brings Strategy’s total Bitcoin holdings to 531,644 BTC, acquired for a cumulative $35.92 billion at an average price of $67,556 per coin, achieving an over 11.4% yield since the beginning of 2025, Saylor wrote in an April 14 X <a data-ct-non-breakable="null" href="https://x.com/saylor/status/1911752108862251160" rel="null" target="null" text="null" title="null">post</a>.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196343f-cbf7-7370-8d58-28146ed688b1" title="" alt="Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty"><figcaption style="text-align: center;"><p><em>Source: Michael </em><a data-ct-non-breakable="null" href="https://x.com/saylor/status/1911752108862251160" rel="null" target="null" text="null" title="https://x.com/saylor/status/1911752108862251160"><em>Saylor</em></a></p></figcaption></figure><p>The $285 million purchase marks Strategy’s first Bitcoin investment since March 31, when the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/strategy-buys-2-billion-bitcoin-ahead-trump-tariffs#" rel="null" target="null" text="null" title="null">company acquired $1.9 billion</a> worth of Bitcoin, Cointelegraph reported.</p><p><a data-ct-non-breakable="null" href="https://saylortracker.com/" rel="nofollow noopener" target="_blank" text="null" title="https://saylortracker.com/">According</a> to data from Saylortracker, the firm is currently sitting on more than $9.1 billion in unrealized profit, representing a 25% gain on its total Bitcoin position as of 12:20 pm UTC.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196343f-cfb2-7fb7-8e07-c7463851acca" title="" alt="Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty"><figcaption style="text-align: center;"><p><em>Strategy total Bitcoin holdings. Source: </em><a data-ct-non-breakable="null" href="https://saylortracker.com/" rel="null" target="null" text="null" title="https://saylortracker.com/"><em>Saylortracker</em></a><em> </em></p></figcaption></figure><p>Strategy’s continued accumulation comes despite a broader market pullback and declining appetite for risk assets. The downturn has been largely attributed to global trade policy uncertainty after US President Donald Trump announced a new round of tariffs.</p><p>Trump announced a 90-day pause on higher <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-s-trade-war-pressures-crypto-market-as-april-2-tariffs-loom" rel="null" target="null" text="null" title="null">reciprocal tariffs</a> on April 9, reverting the tariffs to the 10% baseline for most countries, except for China, which currently faces a 145% import tariff.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/new-york-bill-legalize-bitcoin-crypto-payments" rel="null" target="null" text="null" title="null"><em><strong>New York bill proposes legalizing Bitcoin, crypto for state payments</strong></em></a></p><h2>Crypto markets open with “cautious strength” ahead of key economic releases</h2><p>Despite continued uncertainty around the outcome of trade negotiations, Bitcoin staged an over 10% recovery in the past seven days to above $85,000 as of 1:10 pm UTC, Cointelegraph Markets <a data-ct-non-breakable="null" href="https://pro.cointelegraph.com/users/sign_in" rel="null" target="null" text="null" title="null">Pro</a> data shows.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196348f-ac51-71b6-b60c-2a29e4a9235d" title="" alt="Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty"><figcaption style="text-align: center;"><p><em>BTC/USD, 1-year chart. Source: Cointelegraph</em></p></figcaption></figure><p>“Crypto markets opened the week with cautious strength, continuing a broad recovery from last Monday’s tariff-induced sell-off,” Stella Zlatareva, dispatch editor at digital asset investment platform Nexo, told Cointelegraph, adding:</p><blockquote>“Bitcoin trades above $84,000, marking a robust rebound despite the global macro background. While investor focus remains fixed on US-China trade dynamics, crypto’s relative stability stands out.”</blockquote><p>“This week’s calendar includes key data from China, Fed commentary and updates on retail sales, all of which could shape the next leg of risk asset performance,” she added.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-could-hit-110k-before-price-correction" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes</strong></em></a></p><p>Despite the tariff-related uncertainty, some analysts, including Jamie Coutts, predicted that the growing money supply could push <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/36t-us-debt-ceiling-bitcoin-correction-trump-inauguration" rel="null" target="null" text="null" title="null">Bitcoin’s price above $132,000</a> before the end of 2025.</p><p>Zooming out to the next decade, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-to-1-8-m-2035-trump-trade-war-analyst" rel="null" target="null" text="null" title="null">Bitcoin remains on track to surpass $1.8 million</a> by 2035, in a development that may see Bitcoin surpass gold’s $21 trillion market capitalization as the superior savings technology, Joe Burnett, director of market research at Unchained, told Cointelegraph.</p><iframe width="100%" height="315" src="https://www.youtube.com/embed/vT-fVbixtik?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-all-time-high-expected-soon-xrp-price-significant-fall-prediction-hodlers-digest/" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/michael-s...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTM3ZmItYmU1MC03Mjc1LTlkMjUtNWEzNzY3YjAyMmNj.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTM3ZmItYmU1MC03Mjc1LTlkMjUtNWEzNzY3YjAyMmNj.jpg" alt="Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty"></p><p>Michael Saylor’s digital asset firm, Strategy, purchased 3,459 Bitcoin for $285.5 million, signaling continued confidence in Bitcoin even as global markets face trade-related headwinds.<p>Strategy acquired the 3,459 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) for $285.5 million at an average price of $82,618 per BTC. The purchase brings Strategy’s total Bitcoin holdings to 531,644 BTC, acquired for a cumulative $35.92 billion at an average price of $67,556 per coin, achieving an over 11.4% yield since the beginning of 2025, Saylor wrote in an April 14 X <a data-ct-non-breakable="null" href="https://x.com/saylor/status/1911752108862251160" rel="null" target="null" text="null" title="null">post</a>.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196343f-cbf7-7370-8d58-28146ed688b1" title="" alt="Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty"><figcaption style="text-align: center;"><p><em>Source: Michael </em><a data-ct-non-breakable="null" href="https://x.com/saylor/status/1911752108862251160" rel="null" target="null" text="null" title="https://x.com/saylor/status/1911752108862251160"><em>Saylor</em></a></p></figcaption></figure><p>The $285 million purchase marks Strategy’s first Bitcoin investment since March 31, when the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/strategy-buys-2-billion-bitcoin-ahead-trump-tariffs#" rel="null" target="null" text="null" title="null">company acquired $1.9 billion</a> worth of Bitcoin, Cointelegraph reported.</p><p><a data-ct-non-breakable="null" href="https://saylortracker.com/" rel="nofollow noopener" target="_blank" text="null" title="https://saylortracker.com/">According</a> to data from Saylortracker, the firm is currently sitting on more than $9.1 billion in unrealized profit, representing a 25% gain on its total Bitcoin position as of 12:20 pm UTC.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196343f-cfb2-7fb7-8e07-c7463851acca" title="" alt="Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty"><figcaption style="text-align: center;"><p><em>Strategy total Bitcoin holdings. Source: </em><a data-ct-non-breakable="null" href="https://saylortracker.com/" rel="null" target="null" text="null" title="https://saylortracker.com/"><em>Saylortracker</em></a><em> </em></p></figcaption></figure><p>Strategy’s continued accumulation comes despite a broader market pullback and declining appetite for risk assets. The downturn has been largely attributed to global trade policy uncertainty after US President Donald Trump announced a new round of tariffs.</p><p>Trump announced a 90-day pause on higher <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-s-trade-war-pressures-crypto-market-as-april-2-tariffs-loom" rel="null" target="null" text="null" title="null">reciprocal tariffs</a> on April 9, reverting the tariffs to the 10% baseline for most countries, except for China, which currently faces a 145% import tariff.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/new-york-bill-legalize-bitcoin-crypto-payments" rel="null" target="null" text="null" title="null"><em><strong>New York bill proposes legalizing Bitcoin, crypto for state payments</strong></em></a></p><h2>Crypto markets open with “cautious strength” ahead of key economic releases</h2><p>Despite continued uncertainty around the outcome of trade negotiations, Bitcoin staged an over 10% recovery in the past seven days to above $85,000 as of 1:10 pm UTC, Cointelegraph Markets <a data-ct-non-breakable="null" href="https://pro.cointelegraph.com/users/sign_in" rel="null" target="null" text="null" title="null">Pro</a> data shows.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196348f-ac51-71b6-b60c-2a29e4a9235d" title="" alt="Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty"><figcaption style="text-align: center;"><p><em>BTC/USD, 1-year chart. Source: Cointelegraph</em></p></figcaption></figure><p>“Crypto markets opened the week with cautious strength, continuing a broad recovery from last Monday’s tariff-induced sell-off,” Stella Zlatareva, dispatch editor at digital asset investment platform Nexo, told Cointelegraph, adding:</p><blockquote>“Bitcoin trades above $84,000, marking a robust rebound despite the global macro background. While investor focus remains fixed on US-China trade dynamics, crypto’s relative stability stands out.”</blockquote><p>“This week’s calendar includes key data from China, Fed commentary and updates on retail sales, all of which could shape the next leg of risk asset performance,” she added.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-could-hit-110k-before-price-correction" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes</strong></em></a></p><p>Despite the tariff-related uncertainty, some analysts, including Jamie Coutts, predicted that the growing money supply could push <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/36t-us-debt-ceiling-bitcoin-correction-trump-inauguration" rel="null" target="null" text="null" title="null">Bitcoin’s price above $132,000</a> before the end of 2025.</p><p>Zooming out to the next decade, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-to-1-8-m-2035-trump-trade-war-analyst" rel="null" target="null" text="null" title="null">Bitcoin remains on track to surpass $1.8 million</a> by 2035, in a development that may see Bitcoin surpass gold’s $21 trillion market capitalization as the superior savings technology, Joe Burnett, director of market research at Unchained, told Cointelegraph.</p><iframe width="100%" height="315" src="https://www.youtube.com/embed/vT-fVbixtik?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-all-time-high-expected-soon-xrp-price-significant-fall-prediction-hodlers-digest/" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/michael-s...er_inbound