#比特币战略储备 Spending $180 million to buy the dip at $95,000! This company is hoarding 550,000 Bitcoins, and is Nvidia about to join in?
Folks, the crypto world is buzzing again! Recently, there was big news — the Strategy (formerly MicroStrategy), which treats Bitcoin as its lifeline, directly pulled out $180.3 million between April 28 and May 4, buying 1,895 Bitcoins at an average price of $95,167! This move is simply ruthless, bringing their total holdings to 555,450 Bitcoins, at a total cost of $38.08 billion, with an average cost of $68,550 per coin. Calculating it out, since 2025, their Bitcoin return has reached 14%! This operation, I can only say, I don’t understand the world of the rich, but it’s definitely exciting!
1. Strategy: The Bitcoin hoarding fanatic's crazy operations
Let's talk about Strategy first, which is practically a die-hard fan of Bitcoin. They have been all-in on Bitcoin since 2020, buying regardless of market fluctuations. This time, they continued to increase their positions at the high of $95,000, leaving the market astonished. It's worth noting that during the week of April 28, Bitcoin had just surpassed $95,000, reaching a peak of $95,324, and they entered right at that point. Was this a prediction of the market's prediction?
Even more exaggerated is that they have significantly increased their holdings multiple times this year. For example, in January, they spent $1.1 billion to buy 10,107 Bitcoins at an average price of $105,596. Although the price has since corrected, they remain confident. This reminds me of the famous saying: 'When others are fearful, I am greedy.' Strategy's recent moves have truly embodied this phrase.
However, their financial situation is quite nerve-wracking. In the first quarter, due to Bitcoin's price correction to $82,445, they recognized an unrealized loss of $5.9 billion. But by early May, when the price rose to $97,300, they turned a profit of about $8 billion. This rollercoaster ride is even more thrilling than the A-shares market. More critically, their Bitcoin holdings now account for over 70% of their total assets, so if the market experiences a major drop, the consequences could be dire.
2. Nvidia: Is the tech giant also entering the game?
In addition to Strategy, there is big news — Nvidia is exploring the possibility of adding Bitcoin to its balance sheet. Although there has been no official confirmation yet, this news has already sent the market into a frenzy. If Nvidia really gets involved, it would be impressive, as this would mark another tech giant entering the Bitcoin reserve space after MicroStrategy and Tesla.
Historical experience tells us that such news usually boosts Bitcoin prices in the short term. For example, when Tesla announced its increased holdings in 2024, Bitcoin's weekly increase reached 12%. If Nvidia really follows suit, Bitcoin might start another upward trend. However, some are concerned that if Nvidia is just talking and regulatory agencies implement stricter rules, it could impact market sentiment.
3. Market Background: Bitcoin's Counter-Trend Breakthrough
Recently, Bitcoin's performance has indeed been somewhat extraordinary. Against the backdrop of the Federal Reserve maintaining interest rates in the range of 4.25% to 4.5% and continuing to push forward quantitative tightening, Bitcoin actually rose against the trend in April, breaking through the $95,000 mark. This indicates that Bitcoin's safe-haven attribute as 'digital gold' is being recognized by more investors, especially in the context of escalating global trade tensions.
Technical analysis also shows that the triangular convergence pattern formed by Bitcoin in April may indicate a directional breakout. If it can hold above $95,000, the short-term target may point to $100,000. However, market volatility remains high; Bitcoin briefly surpassed $94,000 on April 23, and after a 24-hour increase of 6.42%, it fell below that price again. This reminds us that investing in Bitcoin should be done with caution.
4. Risk Warning: The Damocles Sword of High Leverage
Although Bitcoin has performed well recently, risks still exist. First, Strategy's high-leverage accumulation strategy is like a ticking time bomb. Their debt has reached $42 billion, with interest expenses surging 1976% year-on-year, and financial costs accounting for over 500% of revenue. If Bitcoin's price falls below $60,000, it could trigger forced liquidation risks, further impacting market confidence.
Additionally, macroeconomic uncertainty cannot be ignored. Although the Federal Reserve has temporarily maintained interest rates, market expectations for interest rate cuts still exist. If there are changes in future interest rate policies, it could put pressure on high-risk assets. Moreover, the tariff policies of the Trump administration could also trigger market volatility; for example, in March 2025, Bitcoin briefly fell below $80,000 due to tariff policies.
5. Future Outlook: Institutional Consensus and Market Game
Overall, Strategy's continued accumulation and Nvidia's potential entry reflect a consensus among institutions regarding Bitcoin's long-term value. As more institutions join, the market depth and liquidity of Bitcoin may further improve. However, increasing market volatility and macroeconomic uncertainty remain factors we need to closely monitor.
For investors, while Bitcoin has potential, the risks are also very high. It is advisable for everyone to balance their allocation between traditional assets and cryptocurrencies based on their risk tolerance. After all, investing is not gambling; rationality and caution should always come first.
Finally, I want to say that the world of cryptocurrencies is never short of stories. The recent moves by Strategy and Nvidia are just a microcosm of this crazy market. Whether you are bullish or bearish, remember: the market has risks, and investment requires caution! See you next time!