The ongoing strategy of acquiring Bitcoin affects market dynamics.
According to Cointelegraph, Michael Saylor, co-founder of Strategy, hinted at another Bitcoin (BTC) purchase, marking the fourth consecutive week of acquisitions by the Bitcoin treasury management firm. On April 28, Strategy acquired 15,355 Bitcoin, valued at over $1.4 billion at the time, bringing its total holdings to 553,555 Bitcoin. Saylor Tracker data indicates that Strategy's investments have increased by nearly 39%, translating to unrealized gains exceeding $15 billion. The company has played a pivotal role in boosting institutional interest in Bitcoin, both directly through the corporate treasury management concept and indirectly through institutions holding Strategy shares in their investment portfolios.
Strategy's financial performance in the first quarter of 2025 fell short of analysts' expectations, with reported revenues of approximately $111 million, down 3.6% from the first quarter of 2024, and 5% below forecasts. Nevertheless, the company has acquired 61,497 Bitcoin so far in 2025 and plans to raise $21 billion through a stock offering to finance further Bitcoin purchases. Asset manager Richard Byworth suggested that Strategy consider acquiring companies with large cash reserves and converting those reserves into Bitcoin for its treasury. He also proposed buying Bitcoin on the open market, where exchange balances are declining, instead of through over-the-counter transactions that do not affect market prices. This approach could drive up the price of Bitcoin, increasing the value of Strategy's reserves and attracting more investors to Bitcoin.
The impact of Strategy's acquisitions on Bitcoin remains a heated topic of discussion. Adam Livingston, a Bitcoin analyst and author of "The Age of Bitcoin and the Great Harvest," argued that Strategy's demand for Bitcoin effectively halves the supply, exceeding daily mining production. Livingston noted that the average daily accumulation rate of Bitcoin by Strategy, approximately 2,087 Bitcoin, far exceeds the total daily mined supply of around 450 Bitcoin. This ambitious acquisition strategy is seen as a catalyst for Bitcoin adoption and price increases, enhancing Strategy's role in shaping the digital currency market. The acquisition of Bitcoin.
