**Strategic Bitcoin Accumulation Reshapes Market Landscape**
Michael Saylor, co-founder of Strategy, has signaled another Bitcoin purchase, continuing the firm’s four-week acquisition streak. The company bolstered its holdings by 15,355 BTC (worth $1.4 billion) on April 28, elevating its total to 553,555 BTC. Per SaylorTracker data, Strategy’s Bitcoin portfolio now boasts roughly $15 billion in unrealized profits—a 39% surge from initial investments. The firm has become a pivotal force in driving institutional Bitcoin adoption, both through direct treasury acquisitions and indirect exposure via its stock.
Despite a sluggish financial performance in Q1 2025—revenue dipped 3.6% year-over-year to $111 million, missing estimates by 5%—Strategy remains undeterred in its Bitcoin strategy. The company has added 61,497 BTC to its reserves this year and aims to secure $21 billion through an equity offering to fund further purchases. Asset manager Richard Byworth advocates for unconventional tactics, urging Strategy to acquire cash-rich firms and convert their reserves into Bitcoin. He also emphasizes buying BTC directly on exchanges to amplify price impact, as dwindling exchange liquidity and over-the-counter (OTC) deals—which lack market price influence—could hinder future accumulation.
Analysts highlight Strategy’s profound effect on Bitcoin’s supply dynamics. Adam Livingston, author of *The Bitcoin Age and The Great Harvest*, notes that the firm’s daily purchases (~2,087 BTC) far surpass the ~450 BTC mined daily, effectively “doubling” Bitcoin’s halving mechanism by absorbing supply faster than it’s produced. This aggressive accumulation not only fuels price appreciation but also accelerates institutional adoption, cementing Strategy’s role as a market-shaping powerhouse. As Bitcoin’s scarcity intensifies, the firm’s strategy underscores its confidence in the cryptocurrency’s long-term value proposition.