#BTCRebound Saylor announces new Bitcoin purchase after the wave of purchases of $$ 7.69 billion from Strategy in the first quarter
The Strategy suspended Bitcoin (BTC) purchases due to the drop in Bitcoin in the first quarter, but Saylor indicated that additional purchases may be coming.
Bitcoin (BTC) advocate Michael Saylor hinted that the company he co-founded, Strategy (MSTR), may announce an additional BTC purchase this week, shortly after revealing that it expects a net loss in the first quarter of the year due to unrealized losses on its huge BTC assets.
The company added 80,785 BTC to its balance sheet since the beginning of the year, after raising a total of $$ 7.69 billion in the first quarter, with more than half coming from sales of common stock. Most, if not all, of those funds were used to buy Bitcoin.
On Sunday, Saylor published a BTC holdings tracker for X, a move that typically precedes a purchase announcement, commenting that "there are no fees on orange points." The comment suggests that the company's BTC purchases were not impacted by the reciprocal tariffs that Donald Trump introduced earlier this month and the subsequent trade war between the US and China.
The company halted its purchases during the week ending April 6. Its cryptocurrency holdings are currently worth about $$ 44.59 billion and were acquired for $$ 35.63 billion.
Strategy currently holds 528,185 BTC purchased at an average price of $$ 67.458, according to data from Bitcointreasuries, equivalent to 2.515% of the total supply of the cryptocurrency.