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Cryptocurrency News Articles
Michael Sayor Hints at Another Bitcoin Purchase by Strategy
Apr 14, 2025 at 01:50 am
The billionaire took to the X social media network earlier to write that there are "no tariffs on orange dots."
Former business intelligence firm Strategy chief executive officer Michael Sayor has hinted that the company will announce another bitcoin purchase on Monday.
The billionaire took to the X social media network earlier to write that there are "no tariffs on orange dots."
"No Tariffs on Orange Dots pic.twitter.com/Cg3bCVPMcM"
The orange dots on the graph represent the company's bitcoin purchases.
As reported by U.Today, Strategy announced a massive $2 billion BTC buy on March 31, bringing its total bitcoin holdings to nearly 530,000 coins.
However, the company did not buy more coins over the period from March 31 and April 6.
It is worth noting that Strategy's bitcoin purchases typically have little impact on the price of bitcoin since they are mostly priced in by the market.
The largest cryptocurrency is currently changing hands at $84,762 on the bitcoin stock exchange.
Strategy's stock is down by 0.69% in after-hours trading. On Friday, its shares surged by more than 10%.
The company's average purchasing price is $67,458, meaning that another substantial bitcoin correction could erase all of the company's bitcoin gains.
After becoming the investment story of the year in 2024 with its tremendous gains, Strategy remains flat so far in 2025. The price of bitcoin has so far severely underperformed this year amid macroeconomic turbulence driven by tariffs.
Saylor, however, seemingly remains unfazed by the ongoing market turbulence. Earlier this week, he stated that bitcoin is powered by chaos on his social media profile.
The billionaire also compared Strategy's impressive one-year returns to those of Tesla, Nvidia, and bitcoin.
"In the beginning was the Bitcoin. Then came the @Strategy. "
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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