Michael Saylor indicates plans for new Bitcoin purchase as BTC reaches close to $100,000
Michael Saylor, the co-founder and executive chairman of Strategy, has recently hinted at another substantial purchase of Bitcoin (BTC) following the company’s Q1 2025 earnings report. This decision signifies the company’s fourth consecutive week of acquiring BTC, affirming its dedication to Bitcoin as a vital asset in its treasury reserve.
As of the latest update on May 4, 2025, at 2:45 p.m. ET, Bitcoin is currently trading around $95,451, showing a slight decrease of 0.78% within the past 24 hours.
Strategy has been actively engaged in accumulating Bitcoin, with its most recent purchase on April 28 amounting to 15,355 BTC, valued at over $1.4 billion at the time. This acquisition has boosted Strategy’s total BTC holdings to 553,555 BTC. According to SaylorTracker, this investment has yielded a remarkable 39% in unrealized gains, totaling over $15 billion.
Despite experiencing a 3.6% decline in Q1 2025 revenues compared to Q1 2024 and falling short of analyst expectations, Strategy has procured a significant amount of 61,497 BTC so far this year. Additionally, the company has announced its intention to raise $21 billion through an equity offering to finance further BTC acquisitions.
The proactive approach of Strategy in accumulating BTC has established it as a frontrunner for institutional interest in the realm of cryptocurrency. By promoting the notion of Bitcoin as a corporate treasury asset, Strategy has influenced other institutions to consider adopting similar strategies.
Market analysts posit that Strategy’s consistent Bitcoin purchases might be contributing to a synthetic halving effect, outpacing the daily mining output of Bitcoin. This trend could potentially generate an increase in scarcity and exert upward pressure on BTC prices.
Bitcoin’s market performance has been notably bullish of late, breaching the $95,000 threshold and edging closer to the psychological barrier of $100,000. This uptrend is attributed to various factors such as institutional investments, positive regulatory developments, and heightened adoption rates.
According to the latest data available, Bitcoin’s market capitalization stands at approximately $1.9 trillion, with a circulating supply of 19.86 million BTC.
Michael Saylor’s recent indication of an imminent Bitcoin acquisition underscores Strategy’s steadfast commitment to Bitcoin as a strategic asset. As Strategy continues its BTC accumulation, the repercussions of its actions may significantly impact the broader cryptocurrency market, potentially influencing price trends and institutional adoption rates.
