Strategy co-founder Michael Saylor hints at an impending Bitcoin (BTC) purchase

Strategy, the BTC treasury company founded by billionaire tech entrepreneur Michael Saylor, purchased an additional 15,355 Bitcoin (BTC) on April 28, marking the fourth consecutive week of BTC acquisitions.

The company’s most recent purchase occurred at an average price of around $918,800, valuing the acquisition at over $1.4 billion. Following the purchase, Strategy’s BTC holdings now total 553,555.

According to data from SaylorTracker, Strategy is up approximately 39% on its investment, presenting over $15 billion in unrealized gains.

Bitcoin investors continue to follow the company closely as it has been a primary driver of direct institutional exposure to BTC. Popularizing the Bitcoin corporate treasury concept, institutions are also indirectly holding Strategy’s stock in their investment portfolios.

Strategy misses Q1 analyst estimates but continues stacking Bitcoin

Strategy missed analyst estimates for Q1 2025, reporting approximately $111 million in revenue, a decrease of 3.6% from Q1 2024 and lower than the 5% increase expected by analysts.

However, the company also reported that it acquired 61,497 BTC so far in 2025 and also revealed plans to raise $21 billion through an equity offering to fund the purchase of more BTC.

Asset manager Richard Byworth recently suggested that Strategy should acquire companies with large cash balances and convert those fiat cash balances to Bitcoin for its treasury.

Byworth added that Strategy could also purchase Bitcoin on the open market as exchange balances are decreasing, in contrast to over-the-counter (OTC) transactions between private parties that do not affect the market exchange price.

This action would exert upward pressure on prices, thereby increasing the value of Strategy’s Bitcoin reserves and serving as a catalyst to attract more investors to BTC, the asset manager said.

Strategy’s effect on Bitcoin’s price and adoption continues to be a subject of discussion due to the company’s role in market dynamics.

Adam Livingston, a BTC analyst and author of "The Bitcoin Age and The Great Harvest," recently argued that Strategy’s demand for BTC is effectively halving Bitcoin as it outpaces the daily miner output.

Livingston pointed out that Strategy's average daily rate of Bitcoin accumulation of roughly 2,087 BTC far outstrips the collective daily mined supply of around 450 BTC.