Michael Saylor barely blinked before opening the wallet again. Just days after his firm Strategy (MSTR) halted Bitcoin purchases during a market dip, the company turned around and dropped $285.5 million on 3,459 new coins. That’s a brave move—especially in a week when tariffs, trade tensions, and risk-off sentiment have clouded the global investing mood.
Strategy Reverses Course after Reporting a $5.91B Loss
Last week, Strategy stunned the market by standing still. Despite Bitcoin dipping below $80,000, the firm didn’t buy a single coin between March 31 and April 6. In fact, according to its SEC filing, Strategy disclosed a $5.91 billion unrealized loss for Q1. For a company that’s made Bitcoin its bread and butter, it was an uncharacteristic timeout.
Still, Saylor didn’t change his tone. On April 3, he posted, “Bitcoin is most volatile because it is most useful.” A few days later, his team backed up that tweet with cash—buying BTC at an average price of $82,618.
Bitcoin Rebounds as Saylor Loads Up
This fresh $285 million purchase brings Strategy’s total stash to a whopping 531,644 Bitcoin, worth nearly $36 billion. The firm’s average cost basis is now $67,556, and it’s currently sitting on more than $9.1 billion in unrealized profits, according to Saylortracker. Not bad for a company that just posted a quarterly loss.
As Bitcoin jumped more than 10% this past week to hover above $85,000, crypto markets seemed to shake off the initial tariff shock. Stella Zlatareva at Nexo told Cointelegraph, “Bitcoin trades above $84,000, marking a robust rebound despite the global macro background.”
And while the broader market may still feel wobbly, some analysts haven’t flinched. Jamie Coutts sees Bitcoin reaching $132,000 before the year’s out. Joe Burnett of Unchained went even further, telling Cointelegraph that Bitcoin could surpass $1.8 million by 2035—outpacing even gold as the world’s top savings asset.
Strategy may have paused last week. But if this latest buy is any indication, Saylor clearly isn’t giving up on Bitcoin anytime soon.
At the time of writing, Bitcoin is sitting at $84,554.
