A News
Bitcoin price today: Stays steady at $88k after Saylor's further coin purchases
Bitcoin rose slightly on Tuesday following further buying activity from Michael Saylor's Strategy after the holiday rally. Markets are also assessing U.S. President Donald Trump's increasing criticisms of the Federal Reserve.
Overall risk appetite remained largely cautious due to ongoing concerns about the economic impact of Trump's trade tariffs as the U.S. enters into a bitter trade war with China.
Broader crypto prices declined on Tuesday. They largely avoided Bitcoin's rally during Good Friday and Easter holidays. The world's largest cryptocurrency benefited from the Strategy adding more Bitcoin to its treasury.
Saylor's Strategy bought $555 million worth of Bitcoin
Strategy (NASDAQ:MSTR), the world's largest institutional Bitcoin holder, purchased approximately 6,556 coins worth about $555.8 million, according to a statement made on Monday.
This purchase brought Strategy's total Bitcoin holdings to 538,200 coins and was financed through stock offerings. This strategy has financed a large portion of the company's coin assets.
Further purchasing activity from Strategy helped improve some sentiment towards Bitcoin. However, the cryptocurrency continues to decline from the record levels reached earlier this year. Bitcoin is also trading down 5.6% so far in 2025. Sentiment has been shaken by uncertainty regarding Trump's policies.
Strategy reported an unrealized loss of nearly $6 billion in digital asset holdings at the beginning of April. This announcement had shaken the crypto markets.