Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertainty
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.Strategy acquired the 3,459 Bitcoin...
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.
Strategy acquired the 3,459 Bitcoin (BTC) 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 post.
Source: Michael Saylor
The $285 million purchase marks Strategy’s first Bitcoin investment since March 31, when the company acquired $1.9 billion worth of Bitcoin, Cointelegraph reported.
According 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.
Strategy total Bitcoin holdings. Source: Saylortracker
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.
Trump announced a 90-day pause on higher reciprocal tariffs on April 9, reverting the tariffs to the 10% baseline for most countries, except for China, which currently faces a 145% import tariff.
Related: New York bill proposes legalizing Bitcoin, crypto for state payments
Crypto markets open with “cautious strength” ahead of key economic releasesDespite 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 Pro data shows.
BTC/USD, 1-year chart. Source: Cointelegraph
“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:
“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.”“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.
Related: Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes
Despite the tariff-related uncertainty, some analysts, including Jamie Coutts, predicted that the growing money supply could push Bitcoin’s price above $132,000 before the end of 2025.
Zooming out to the next decade, Bitcoin remains on track to surpass $1.8 million 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.
Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29
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