Saylor Hints at New Bitcoin Purchase Following $7.69 Billion Q1 Investment
Michael Saylor, co-founder of Strategy (MSTR), indicated the company may announce an additional Bitcoin purchase this week after reporting a net loss in Q1 due to unrealized losses on its BTC holdings.
- The company acquired 80,785 BTC since January, raising $7.69 billion in Q1, primarily through stock sales.
- Most funds raised were used for Bitcoin purchases.
- Saylor shared a BTC holdings tracker on X, suggesting upcoming purchases are unaffected by recent tariffs related to the U.S.-China trade war.
- Strategy paused its buying during the week ending April 6.
- Current crypto holdings are valued at approximately $44.59 billion, purchased for $35.63 billion.
- Strategy holds 528,185 BTC at an average price of $67,458, accounting for 2.515% of Bitcoin’s total supply.