Bitcoin Buying Spree Revived: Strategy Reinvests Amidst Market Uncertainty

Strategy, a firm led by Michael Saylor, is resuming its investment in Bitcoin following a brief pause. This decision follows a volatile first quarter marked by a sharp drop in Bitcoin’s price below $80,000, influenced by global economic instability and escalating U.S.-China trade tensions. The company recently acquired 22,048 BTC on March 31, bringing its total holdings to 528,185 BTC, representing nearly 3% of Bitcoin’s supply. Despite reporting nearly $6 billion in unrealized losses during Q1, Strategy’s Bitcoin investment is valued at approximately $44 billion, reflecting an over $8.6 billion unrealized gain. Saylor’s recent statements suggest a looming purchase announcement soon, signaling confidence in Bitcoin’s long-term value as a store of value amidst economic uncertainty.