Strategy paused BTC buys as bitcoin tumbled in Q1, but Saylor signaled additional purchases may be coming.
MicroStrategy, the largest corporate holder of Bitcoin, has long embodied the boldest institutional bet on the cryptocurrency. Co-founder and chairman Michael Saylor’s unwavering belief in Bitcoin has defined the company’s strategy for years. However, that strategy now faces a challenge after a recent SEC filing hinted at the possibility of MicroStrategy being forced to liquidate some of its Bitcoin holdings under financial pressure and the recent Bitcoin price crash. The implications could ripple beyond the company’s balance sheet and affect Bitcoin’s broader market. Mounting Debt, Negative Cash Flow, And The Bitcoin Lifeline MicroStrategy disclosed several important financial vulnerabilities in a recent Form 8-K filed with the SEC. At the time of filing, the firm reported holding 528,185 BTC, acquired at an average purchase price of $67,458 per Bitcoin, for a total cost basis of approximately $35.63 billion. However, despite the massive size of its Bitcoin treasury, MicroStrategy admitted that its core enterprise software business has not been generating positive operational cash flow. The company is also shouldering $8.22 billion in debt and facing an annual contractual interest burden of $35.1 million. Related Reading: Crypto Analyst Warns Bitcoin Price Could See Further Crash If It Falls Below This Level Although it has issued over $1.6 billion in preferred stock tied to substantial annual dividend obligations of $146.2 million, these liabilities are not being met. Instead, MicroStrategy explicitly outlined that it expects to rely on debt or equity financing to meet its obligations, and those efforts may become severely strained if Bitcoin’s price sharply declines. The report warns that if the market value of its holdings drops significantly, it could negatively affect the firm’s ability to raise funds. In such a situation, the company might be forced to sell Bitcoin at a loss. At the time the report was filed, BTC was trading just 13% above the company’s average purchase price. Because Bitcoin forms the majority of MicroStrategy’s assets, its balance sheet is intimately tied to the crypto’s price. As such, a dip below that level could create a chain reaction of falling stock prices and ultimately force selling pressure even on the price of Bitcoin itself. Michael Saylor’s Response: Staying The Course Michael Saylor, MicroStrategy’s co-founder and former CEO, is one of the biggest proponents of Bitcoin and was influential in the company’s adoption of a Bitcoin strategy. Taking to social media platform X after the news of the report broke out, Saylor simply tweeted: “HODL,” a popular mantra among crypto purists that signals long-term conviction. Related Reading: Here’s How Much Bitcoin Creator Satoshi Nakamoto Lost After The BTC Price Crash The post has had over 1.4 million views on the platform and resonated with many bullish proponents, as seen in the comments section. He followed that with another tweet: “Bitcoin is the Best Idea. There is no Second Best.” At the time of writing, BTC is trading at $81,900, up by 6% in the past 24 hours. Even if MicroStrategy were to sell any Bitcoin at this point, it wouldn’t be the first sale of its holdings. Back on December 22, 2022, MicroStrategy sold 704 BTC for $11.8 million under similar circumstances. Featured image from Unsplash, chart from Tradingview.com
Bitcoin-heavyweight Strategy, formerly known as MicroStrategy, has moved over 8,000 BTC (more than $700 million) to four newly identified wallets, according to data from blockchain analytics platform Arkham Intelligence. On-chain data from Arkham Intelligence shows the transfers occurred across four transactions between April 2 and April 5. The first transfer moved 1,063 BTC (worth approximately […]
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Strategy Didn't Add Bitcoin Last Week, Expects to Book $6B Loss on Holdings in Q1
Michael Saylor, Executive Chairman of Strategy, pointed out that Bitcoin won’t face tariffs under US President Donald Trump’s new import tax plan. Saylor shared this view on X, telling his 4.2 million followers about Bitcoin’s unique position compared to physical goods. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Digital Assets Dodge Trump’s New Trade Taxes “There are no tariffs on Bitcoin,” Saylor wrote in his X post. His statement comes as market watchers track how the cryptocurrency market responds to the new tariff increases. According to reports, many investors worried about how Trump’s April 2 “Liberation Day” plans would affect crypto prices. But these concerns haven’t caused major price drops so far. Asian Countries Face Highest Import Taxes Based on information from Trump’s announcement, several Asian nations will face steep tariffs on their goods entering the United States. China will see a 34% tax rate, while Japan faces 24%. Taiwan’s imports will be charged at 32%, and Vietnam tops the list with a 46% tariff. These new import taxes will start on April 5, according to the announcement. The new US Tarrifs ▫️China — 34% ▫️European Union — 20% ▫️Vietnam — 46% ▫️Taiwan — 32% ▫️Japan — 24% ▫️South Korea — 25% ▫️Thailand — 36% ▫️Switzerland – 31% ▫️Indonesia — 32% ▫️Malaysia – 24% ▫️Cambodia – 49% ▫️UK – 10% ▫️South Africa — 30% ▫️Brazil – 10% ▫️Bangladesh -34%… pic.twitter.com/W3n22Z0GnI — Chay Bowes (@BowesChay) April 2, 2025 US Allies Not Spared From New Trade Measures The tariff plan extends beyond economic rivals. Even American allies must pay more to sell their products in the US market. The UK will face a 10% tax on imports, Israel 17%, European Union countries 20%, and India 26%. China has already threatened to respond with its own tariffs if Trump doesn’t reverse his decision. The back-and-forth raises questions about broader economic impacts. Bitcoin Price Holds Strong Despite Economic Uncertainty Although Trump’s tariff announcements caused market jitters, Bitcoin prices have remained relatively stable. The cryptocurrency was trading at $83,105 when this article was written, with only a 1% drop over the last 24 hours. Some market analysts opine that physical goods carry the brunt of tariff effects, while digital assets may escape direct effects. Related Reading: Solana Slammed By Whale Dump—Can It Recover Or Is More Pain Ahead? The tariff impasse serves to emphasize Bitcoin’s odd position in global commerce. Unlike oil, gold, or manufactured goods that need to physically traverse borders, Bitcoin transactions occur electronically. This aspect may make cryptocurrencies a winner in trade conflicts since they cannot be halted or taxed at border points. Several investors are worrying that Bitcoin could still be indirectly affected by increased tariffs. If the costlier imports reduce the income of companies and consumers, they might invest less money into cryptocurrency, which might end up reducing funding to the cryptocurrency market. For now, it’s still above the $80,000 mark while the market watches the tariff development. Trump labeled his tariff proposal as “reciprocal,” adding that it reflects what other nations are charging on American products. As countries react to these new trade policies, cryptocurrency markets appear less impacted than other commodity markets. Featured image from Gemini Imagen, chart from TradingView
Though Strategy has been buying bitcoin for nearly five years, the recent aggressive pace of purchases means another moderate leg lower in prices would put the company in the red on its BTC stack.
Strategy Executive Chair Michael Saylor discusses a U.S. Bitcoin strategic reserve, why securities holders keep him sleepless, and his own economic immortality.
This is the initial sale of the company's Perpetual Strife Preferred Stock.
He advocated for a strategic bitcoin reserve, arguing it could generate substantial wealth and help reduce national debt.
The stock has rebounded approxiamately 30% from the Feb. 28 lows.
MicroStrategy founder and executive chairman Michael Saylor suggested that the United States might purchase one million Bitcoin for its strategic reserves. His remarks came during an interview with FOX Business ahead of Friday’s White House Crypto Summit, to be hosted by US President Donald Trump. Saylor, whose company is widely known for its significant Bitcoin holdings, confirmed that MicroStrategy owns approximately 500,000 of the digital tokens, accounting for “about 2.4% of the worldwide supply.” He is one of several crypto-industry figures expected to join the presidential roundtable that will advise the administration on digital asset policy. Will Trump Buy 1 Million Bitcoin? When asked how the government would finance such a large crypto reserve, Saylor pointed to a deliberate, multi-year timeline, referencing a “six-month process” set out by the recent executive order. He added: “There are 12 members on the presidential working committee. There’ll be involvement from the industry. There’ll be involvement from the Senate and from the house and I and it’s above my pay grade to decide how it is determined.” Related Reading: Bitcoin’s ‘KISS Of Death’? Arthur Hayes Warns Of Recession Before Surge According to Saylor, “the longest bill [by Senator Lummis] has laid out the idea of acquiring Bitcoin strategically over four years, just consistently day by day in order to reach a million Bitcoin target.” Currently, the US government is believed to hold 200,000 BTC—worth an estimated $17 billion at today’s prices. Should it proceed with additional large-scale purchasing, the effect on the price of Bitcoin could be considerable. However, Saylor argued that the most “responsible” approach would be “to go slow and steady and deliberate with clear telegraphing and transparency” rather than making abrupt acquisitions that could roil the market. Central to Saylor’s stance is the classification of Bitcoin as “digital property,” an asset without a central issuer. “The real key about Bitcoin is for people to understand that it’s a digital property. It’s a savings account that empowers every single American to save their wealth and preserve it over time,” Saylor explained. He emphasized that if the US government provides clarity around this status, it could instill greater confidence in citizens to consider cryptocurrencies a legitimate savings vehicle. Related Reading: Bitcoin Price Suffers Bearish Deviation After Filling CME Gap, Is This Good Or Bad? In discussing whether taxpayer money should be used to purchase Bitcoin, Saylor drew a distinction between different digital assets. While Bitcoin (as a “digital commodity”) is, in his view, well-suited for strategic reserves, he also acknowledged the importance of digital currencies (stablecoins), tokenized securities (for capital efficiency), and token-based utility projects. Nevertheless, he singled out Bitcoin as the prime candidate for a national reserve, calling it “the one universally agreed-upon foundational asset in the entire crypto economy.” ???????? MICHAEL SAYLOR HINTS THE USA WILL BUY 1 MILLION #BITCOIN FOR ITS RESERVE ???? IT’S HAPPENING ???? pic.twitter.com/jr73piPfNY — Vivek⚡️ (@Vivek4real_) March 5, 2025 Saylor also addressed skeptics who question the rationale for a national Bitcoin reserve compared to more traditional strategic reserves such as oil or medical supplies. He compared Bitcoin to property, invoking a historical analogy: “We bought 75% of this nation with about 40 million dollars […] We bought Louisiana. We bought California. We bought Texas. We bought Alaska. It’s property. If you think of Bitcoin as property in cyberspace and you say where is all the money in the world headed? Well, it’s headed from foreign countries […] It wants to go from the physical world to the digital world.” For those concerned about the fundamental ethos of Bitcoin as a decentralized asset with no government involvement, Saylor insisted that official adoption need not contradict the cryptocurrency’s original design. “Satoshi gave us a process, a protocol for prosperity. That’s what we call Bitcoin,” he said. While early adopters may have favored minimal regulation, Saylor believes nation-states “interested in economic empowerment and prosperity” will inevitably follow individuals and corporations into the digital domain. At press time, BTC traded at $91,725. Featured image from YouTube, chart from TradingView.com
In a recent interview with CNBC, Michael Saylor, co-founder of Strategy, reiterated his bullish outlook on Bitcoin (BTC), predicting the cryptocurrency could reach a staggering $200 trillion market cap. Saylor Forecasts $10 Million Per Bitcoin Currently valued at about $2 trillion, Saylor believes Bitcoin’s trajectory will see it grow to $20 trillion and eventually hit the $200 trillion mark, translating to an approximate price of $10 million per BTC based on its capped supply of 21 million coins. Saylor attributes this potential growth to a global shift in capital investment, stating, “That capital is coming from overseas… from China, from Russia, from Europe, from Africa, from Asia, from the 20th century to the 21st century.” Related Reading: Ethereum Price Breaks Out—10% Surge Sparks Bullish Momentum His forecast comes against the backdrop of President Donald Trump’s recent announcement regarding the creation of a Crypto Strategic Reserve, which would include BTC alongside Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), which ignited a heated debate within financial and crypto circles. While Saylor acknowledges the appeal of a Bitcoin-only reserve, he supports Trump’s broader strategy that encompasses multiple cryptocurrencies. He emphasized, “There’s no way to interpret this other than this is bullish for Bitcoin and is bullish for the entire US crypto industry.” Although some conservatives, such as Coinbase CEO Brian Armstrong and Gemini co-founder Tyler Winklevoss, have advocated for more restrictive, Bitcoin-centric policies, Saylor noted that the president’s approach allows for a more inclusive economic policy. Saylor Dismisses Volatility Concerns When asked about his involvement with the White House, Saylor confirmed he has been in discussions with various lawmakers, both Democratic and Republican, as well as members of the Cabinet and administration. “For the last four and a half years, I’ve been talking about Bitcoin to anybody, anywhere in the world, every day,” Michael Saylor stated during his interview, highlighting his commitment to promoting the cryptocurrency. Saylor argues that establishing a strategic Bitcoin reserve could provide the United States with significant economic advantages, including the potential to alleviate the national debt. Saylor posits, “If the United States takes a position in the emerging crypto economy, if it buys up 10, 20% of the Bitcoin network, we’re going to pay off the national debt. And so why wouldn’t that be in the interest of the United States?” Related Reading: Dogecoin Will Start A Move To $4 If Current Demand Holds – Can Bulls Step In? Addressing concerns about Bitcoin’s notorious volatility, Saylor pointed to its historical long-term gains, asserting, “I don’t think anybody’s ever lost money in the Bitcoin network holding for four years. Presumably, you want to buy Bitcoin, you want to hold it for 100 years.” The proposal for a US Crypto Reserve is still in its infancy, and Saylor indicated that its success will depend heavily on legislative decisions made in the coming months. “There are a dozen people on it: the head of the Treasury, the SEC, the CFTC, Commerce, the Attorney General, the President… both the Republicans and the Democrats,” he noted, emphasizing the diverse range of opinions that will influence the outcome. At the time of writing, BTC has found support at around $83,869 after posting losses of 7% and 6% over the past 24 hours and seven days, respectively. Featured image from DALL-E, chart from TradingView.com
Strategy’s STRK is up 5% in pre-market trading, building on its 2% gain during its Nasdaq debut.
The company reports fourth-quarter earnings on Wednesday.
American real estate mogul Grant Cardone is creating new investment vehicles that mix real estate and bitcoin.
MicroStrategy's Bitcoin holdings are currently valued at approximately $47.3 billion, and the company is up nearly 69% on its investment.
Co-founder and Chairman of MicroStrategy Michael Saylor, during a recent speech at the ICR Conference in Orlando, has once again shaken up the financial world by proclaiming that companies need to ditch old-fashioned bonds in favor of Bitcoin. He made the call labeling bonds as “toxic” during his speech while asking businesses to look into Bitcoin’s potential. Related Reading: Litecoin Price Falters Amid Doubts Over LTC ETF Approval Comparing Investment Returns Saylor bases his argument on a comparison of investment returns. Since MicroStrategy adopted its Bitcoin-buying strategy in 2020, Bitcoin has shown remarkable resilience and growth, while bonds have faltered. He presented data indicating that while many companies cling to outdated financial practices—such as purchasing Treasury bonds—those who embrace Bitcoin stand to benefit significantly. “Every company has a choice to make: cling to the past or embrace the future,” he stated, emphasizing the transformative potential of digital assets. Companies should buy Bitcoin because bonds are “toxic,” according to MicroStrategy Chairman Michael Saylor https://t.co/SOZdLagLCC — Bloomberg (@business) January 13, 2025 The Case For Bitcoin During his speech, Saylor mentioned that MicroStrategy’s own investments have been rewarding. The company recently closed an acquisition of Bitcoin worth $243 million. It is their 10th consecutive week in purchasing the cryptocurrency. Saylor was critical of the tech giants like Microsoft and Nvidia for not following suit. He said that they are missing a revolutionary opportunity. He used an image to drive the point home with a slide indicating that only 70 companies have Bitcoin today, so those who are slow might be left out. The landscape of finance is changing, and Saylor says that companies should evolve to remain in the loop. He even provocatively added, “What’s the downside? Well, you just get rich,” underlining his conviction that Bitcoin is a better investment vehicle. Future Implications Saylor’s statement is indicative of a broader change in how companies perceive digital assets, and it extends beyond corporate finance. He advised leaders to think about their obligations to their families and investors in addition to the future of their company as he wrapped off his remarks. “Adopt Bitcoin,” he exhorted, presenting it as a moral requirement for influential people. Related Reading: Bitcoin To $350,000? Top Crypto Influencer Makes Bold Prediction Saylor’s influence has now appeared to extend into the political sphere as well. Saylor received an invitation to Mar-a-Lago to talk more about Bitcoin following Donald Trump’s reelection. Trump has met with executives of the cryptocurrency industry in the past to discuss regulations that impact the sector. These exchanges show that the potential economic impact of cryptocurrencies is becoming more widely acknowledged. Michael Saylor’s passionate call for Bitcoin, rather than a traditional bond, isn’t just a matter of an investment strategy. It represents an ideological shift within finance. If companies adopt the digital currency that he advocates for, then everything about business could change in terms of operations and investment. Featured image from TheStreet, chart from TradingView
The company now owns more than $192 million worth of BTC and touts a "Bitcoin yield" of more than 99%, it said.
Global crypto hedge funds have also been buying the dip, signaling a potential Bitcoin “supply shock” as BTC exchange reserves sink to levels last seen in 2018.
According to the SaylorTracker website, MicroStrategy's Bitcoin holdings are up around 51%, with unrealized gains of over $14 billion.
Critics call it heedless; supporters say it’s brilliant. Either way, Michael Saylor continues doubling down on Bitcoin.
MicroStrategy began 2025 by announcing a fresh BTC purchase made in the last two days of 2024.
According to data from the SaylorTracker website, MicroStrategy currently holds 446,400 Bitcoin, valued at approximately $43.7 billion.
A US-based development and business intelligence company will push through with its plan to build up its Bitcoin holdings, implementing its strategy of obtaining significant cryptocurrency investments. Despite amassing a huge amount of Bitcoin, MicroStrategy plans to increase its BTC holdings using the estimated $2 billion it will generate from its preferred stock offering. Related […]
George Soros called it Reflexivity, but most know it as a virtuous circle, and MicroStrategy's at the moment has been broken.
According to data from MicroStrategy co-founder Michael Saylor, the company holds 444,262 Bitcoin, valued at roughly $41.4 billion.
MicroStrategy has submitted a proxy filing with the SEC seeking shareholders approval to boost its Bitcoin's 21/21 Plan.
MicroStrategy slowed down Bitcoin buying last week, reporting the smallest BTC buy since July 2024.
Bitcoin bull Michael Saylor has pitched a US crypto framework, saying a strategic digital asset policy can strengthen the dollar and neutralize the country's national debt.
According to MicroStrategy co-founder Michael Saylor, the company currently holds 439,000 Bitcoin, valued at approximately $27 billion.