Bitcoin Price Outlook: Awaiting MicroStrategy Earnings and U.S. Reserve Decision

Bitcoin is stabilising around $95,000 while awaiting key catalysts: MicroStrategy’s Q1 earnings report and the U.S. Treasury’s Strategic Bitcoin Reserve evaluation deadline on May 5. MicroStrategy’s earnings are expected to show an improved loss per share and slight revenue growth. The Treasury’s assessment aims to position the U.S. as a leading Bitcoin holder, potentially spurring institutional interest and impacting BTC pricing. Institutional inflows have already signalled robust confidence as the market anticipates future price shifts.

Bitcoin (BTC) remains in a consolidation phase, currently trading around $95,000 as of Wednesday evening. This relative stability comes while investors await two key events: MicroStrategy’s upcoming Q1 earnings report and the U.S. Treasury’s assessment of its Strategic Bitcoin Reserve. These events are seen as potential catalysts for future price movements.

MicroStrategy, recognised as the largest corporate holder of Bitcoin, is scheduled to report its first-quarter earnings on Thursday, May 1. Analysts are predicting a loss per share of $0.11, a noticeable improvement when compared with the $0.31 loss in the same quarter last year. Revenue expectations stand at $116.6 million, representing a modest 1.2% increase year-on-year.

Attention is also drawn to MicroStrategy’s aggressive strategy for Bitcoin acquisitions, which is now under close scrutiny. The company, which announced a $21 billion at-the-market (ATM) shelf offering back in October 2024, reports having only $128.7 million left. This capital has been primarily dedicated to enhancing their Bitcoin reserves, a move in alignment with Executive Chairman Michael Saylor’s vision of expanding BTC holdings.

Investors will be particularly alert for any announcements relating to new funding initiatives or further Bitcoin purchases during the upcoming earnings call, as these could trigger substantial shifts in market dynamics for BTC.

Turning to government actions, the U.S. Treasury is up against a May 5 deadline to submit its evaluation on establishing and managing a Strategic Bitcoin Reserve. This initiative was mandated by an executive order from former President Trump on March 6. Although there’s been scarce official communication, market speculation is intensifying as the deadline approaches.

The aim of this strategic reserve is to potentially position the U.S. as a preeminent holder of Bitcoin, funded by seized assets while keeping the initiative budget-neutral. Experts believe that the creation of this reserve could foster long-term institutional adoption and enhance Bitcoin’s stature as a significant asset.

Meanwhile, institutional interest in Bitcoin appears to be thriving. On Tuesday, April 29, U.S. spot Bitcoin ETFs saw inflows of $172.78 million, sustaining a positive trend that began in mid-April. This ongoing inflow is indicative of strengthening confidence among institutional investors, which could positively influence Bitcoin’s price trajectory.

The general market outlook indicates that Bitcoin’s price has been relatively unchanged around the $95,000 mark for the past five days. Following the notable breach of its 200-day Exponential Moving Average (EMA) at $85,000 last week, BTC soared over 11%. Market participants will continue monitoring developments from both MicroStrategy’s earnings and the Treasury’s assessments, as these results could act as significant catalysts for substantial price movements.