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Cryptocurrency News Articles

Michael Saylor's Strategy Purchased 3459 Bitcoins for $285.5M, Signaling Continued Confidence in Bitcoin

Apr 14, 2025 at 11:56 pm

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.

Michael Saylor’s digital asset firm, Strategy, has purchased 3,459 Bitcoin (BTC) for $285.5 million, signaling continued confidence in the flagship cryptocurrency even as global markets face trade-related headwinds.

Strategy acquired the Bitcoins at an average price of $82,618. 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 noted in an April 14 X post.

Strategy’s latest Bitcoin purchase comes after a March 31 announcement where the firm revealed investing $1.9 billion in BTC.

According to data from Saylortracker, the firm is currently sitting on more than $9.1 billion in unrealized profit, which represents 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 amid a broader market pullback and declining appetite for risk assets. The downturn has been largely attributed to global trade policy uncertainty.

The setback began in late March when President Donald Trump surprised markets by announcing a new round of tariffs.

Trump announced a 90-day pause on higher reciprocal tariffs on April 9, deferring the tariffs back to the 10% baseline for most countries, except for China, which currently faces a 145% import tariff.

Crypto markets open with ‘cautious strength’ ahead of key economic releases

Despite the tariff-related uncertainty, Bitcoin staged an over 10% recovery in the past seven days to trade above $85,000 by 1:10 pm UTC.

BTC/USD, 1-year chart. Source: TradingView

“Crypto markets opened this week with cautious strength, continuing a broad recovery from last Monday’s tariff-induced sell-off,” said Stella Zlatareva, dispatch editor at digital asset investment platform Nexo.

“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.

Some analysts, including Jamie Coutts, have predicted that the growing money supply could push Bitcoin’s price above $132,000 by 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.

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Other articles published on Apr 16, 2025