Saylor signals impending Bitcoin purchase following Q1 earnings call

Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase, marking the fourth consecutive week of purchases by the BTC treasury company.

The company's most recent acquisition occurred on April 28 when Strategy purchased 15,355 BTC, valued at over $1.4 billion at the time, bringing the company's total holdings to 553,555 BTC.

According to data from SaylorTracker, Strategy is up approximately 39% on its investment, representing over $15 billion in unrealized gains.

Bitcoin investors continue closely monitoring the company, which has been a major driver of direct institutional exposure to BTC by popularizing the Bitcoin corporate treasury concept and indirectly through institutions holding Strategy's stock in their investment portfolios.

Related: Strategy ends April up 32% in best month since November as Q1 earnings loom

Strategy fell short of analyst estimates for Q1 2025, reporting approximately $111 million in revenue, down by 3.6% from Q1 2024 and missing analyst expectations by 5%.

However, the company also reported that it acquired 61,497 BTC so far in 2025 and also revealed plans to raise $21 billion through an equity offering to finance the purchase of more BTC.

Asset manager Richard Byworth recently suggested that Strategy should acquire companies with ample cash reserves and convert those fiat cash reserves to Bitcoin for its treasury.

Byworth added that Strategy could also purchase Bitcoin on the open market as exchange balances dwindle, rather than the over-the-counter (OTC) transactions between private parties that do not affect the market exchange price.

Doing so would push prices higher, driving up the value of Strategy's Bitcoin reserves and acting as a catalyst attracting even more investors to BTC, the asset manager said.

Strategy's effect on Bitcoin's price and Bitcoin adoption continues to draw intense discussion over the role of the company as it relates to market dynamics.

Adam Livingston, a BTC analyst and author of "The Bitcoin Age and The Great Harvest," recently argued that Strategy's demand for BTC is synthetically halving Bitcoin by outpacing the daily miner output.

Livingston pointed out that Strategy's average daily rate of Bitcoin accumulation of roughly 2,087 BTC far outstrips the collective daily mined supply of around 450 BTC.

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