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Cryptocurrency News Articles
Strategy Has Purchased 15,355 Bitcoin (BTC) Following Q1 2025 Earnings Call
May 05, 2025 at 03:01 am
This move marks the fourth consecutive week of BTC purchases by the firm, reinforcing its commitment to Bitcoin as a primary treasury asset.
MicroStrategy (NASDAQ:MSTR) co-founder and executive chairman Michael Saylor has hinted at another substantial Bitcoin (BTC) acquisition following the company’s first-quarter 2025 earnings.
This marks the fourth consecutive week of BTC purchases by the firm, highlighting its sustained focus on Bitcoin as a primary treasury asset.
As of 2:45 p.m. ET on Friday, Bitcoin is trading at approximately $95,451, reflecting a 0.78% decrease over the past 24 hours.
Startup Focused on Bitcoin
In its latest buy on April 28, MicroStrategy purchased 15,355 BTC, valued at over $1.4 billion at the time, raising its total holdings to 553,555 BTC. According to SaylorTracker, this investment has yielded around 39% in unrealized gains, amounting to over $15 billion.
Despite reporting Q1 2025 revenues of about $111 million—a 3.6% decline from Q1 2024 and below analyst estimates—MicroStrategy has already bought 61,497 BTC this year. The company also announced plans to raise $21 billion through an equity offering to fund more BTC purchases.
Analysts Viewpoint
MicroStrategy’s aggressive Bitcoin accumulation strategy has made it a key indicator of institutional interest in cryptocurrency. The firm’s approach has brought attention to the concept of holding Bitcoin in corporate treasuries, which may influence other institutions to adopt similar strategies.
Analysts suggest that MicroStrategy’s consistent buys could be contributing to a synthetic halving effect, as the company’s daily accumulation rate outpaces the daily mining output of Bitcoin. This could lead to increased scarcity and upward pressure on BTC prices.
Bitcoin's Market Performance
Bitcoin’s price has been on an upward trajectory, recently surpassing the $95,000 mark and approaching the psychological resistance level of $100,000.
This rally is attributed to various factors, including institutional investments, favorable regulatory developments, and increased adoption.
As of the latest data, Bitcoin’s market capitalization stands at approximately $1.9 trillion, with a circulating supply of 19.86 million BTC.
BTC Price Today:
As of 3:00 p.m., Friday, August 9, BTC is trading at $95,176.
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