Michael Saylor’s Strategy Buys $285M in Bitcoin as Global Trade Tensions Rattle Markets – CryptoMode
Strategy, the Bitcoin-focused publicly-traded company headed by Michael Saylor, acquired 3,459 BTC for $285.5 million, the company’s first purchase since late March.
The acquisition brings its total holdings to 531,644 BTC, valued at over $45 billion and equivalent to more than 2.5% of the flagship cryptocurrency’s total supply.
The average purchase price for this latest batch was $82,618 per coin, a significant premium over the firm’s average cost basis of $67,556. Despite this, Strategy is sitting on roughly $9.1 billion in unrealized profit, according to available tracking data, representing a 25% gain.
This move comes as investors tread carefully. U.S. President Donald Trump’s announcement of a new round of tariffs—and a partial rollback days later—has stirred concerns over a broader breakdown in global trade.
Risk assets have taken a hit in response, including a brief slump in crypto markets, before a swift recovery came through.
At the time of writing, Bitcoin is trading at $84,600, up more than 1.1% over the last 24-hour period, as per data from CoinGecko.
Bitcoin Price Keeps Outperforming
Strategy first started accumulating Bitcoin back in 2020, when the cryptocurrency was trading at around $11,000 per BTC. The cryptocurrency’s price has since exploded, along with the share price of the company.
Former Bloomberg market strategist Jamie Coutts, as reported, has said that BTC remained resilient amid the global volatility takeoff sparked by Trump’s so-called “reciprocal tariffs” on most countries throughout the world.
The tariffs, which saw the Nasdaq index briefly dip into bear market territory, failed to do the same for Bitcoin, which dropped around 10.6% so far this year, while the Nasdaq lost 13.2% of its value.
Various analysts remain bullish on the price of the flagship cryptocurrency. Cardano (ADA) founder Charles Hopkinson, for example, recently predicted that the price of BTC could reach $250,000 by the end of the year.
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