💥Bitcoin price today: for the first time in over a month, it surpassed 90 thousand dollars; Saylor is buying BTC
Bitcoin rose on Tuesday, crossing the $90,000 level for the first time since early March.
This recovery came after the holiday rally triggered by increased buying activity from Michael Saylor’s Strategy, following a cooling of sentiments. Markets are also evaluating the increasing criticism of the Federal Reserve by U.S. President Donald Trump.
Overall risk appetite remained limited due to persistent concerns about the economic impact of Trump's trade tariffs as the U.S. enters a brutal trade war with China. Broader crypto prices also rose on Tuesday, but gains were limited. The world's largest cryptocurrency benefited from Strategy adding more Bitcoin to its treasury.
As of 17:10 Turkey time, Bitcoin rose by 2.2% to $90,087.0.
Saylor's Strategy purchased $555 million worth of Bitcoin
According to a statement made on Monday, Strategy (NASDAQ:MSTR), the world's largest institutional Bitcoin holder, purchased 6,556 coins worth approximately $555.8 million.
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.
Increased buying activity from Strategy helped improve some sentiments towards Bitcoin. However, the cryptocurrency continues to decline from the record levels it reached earlier this year. Bitcoin is also trading down 5.6% so far in 2025. This situation stems from uncertainty regarding Trump's policies.
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