Michael Saylor of Strategy hinted at further Bitcoin purchases following a Q1 earnings call. The company recently acquired over 15,000 BTC, bringing total holdings to 553,555 BTC. Strategy’s Q1 revenue fell short of estimates, yet plans to raise $21 billion through equity offerings for more BTC. Analysts suggest that their purchasing power could impact Bitcoin supply and prices significantly.
In a recent earnings call, Michael Saylor, co-founder of Strategy, hinted at a significant forthcoming Bitcoin purchase. This week marks the fourth consecutive week of acquisitions for the BTC-focused company. On April 28, Strategy purchased 15,355 BTC valued at over $1.4 billion, boosting its total BTC holdings to a substantial 553,555 coins.
Data from SaylorTracker shows that Strategy’s investments have gained approximately 39%, translating to over $15 billion in unrealised gains. Investors keep a close watch on Strategy as it plays a pivotal role in increasing direct institutional exposure to Bitcoin by advocating for the corporate treasury model and indirectly via its stock holdings in various investors’ portfolios.
Despite a strong investment stance, Strategy reported disappointing Q1 results for 2025, citing revenue around $111 million. This figure represents a 3.6% drop from the same quarter in 2024 and fell short of analyst expectations by 5%. Yet, the company still managed to acquire 61,497 BTC this year and aims to raise around $21 billion through an equity offering to fund additional BTC purchases.
Richard Byworth, an asset manager, suggested Strategy should seek out companies with significant cash reserves, converting their fiat reserves into Bitcoin for their treasury. He indicated that purchasing Bitcoin on the open market, as opposed to over-the-counter transactions, could drive up prices, thereby increasing the value of Strategy’s Bitcoin holdings and attracting more investment.
The impact of Strategy on Bitcoin’s price and its overall adoption continues to stir debate regarding its influence within market dynamics. BTC analyst Adam Livingston, who authored “The Bitcoin Age and The Great Harvest,” expressed that Strategy’s demand for Bitcoin is effectively halving its supply by surpassing daily mining output.
Livingston pointed out that with an average daily accumulation rate of approximately 2,087 BTC, Strategy’s purchasing power outpaces the daily supply from miners, which is around 450 BTC. This creates an intriguing dynamic within the Bitcoin market and raises questions about supply and demand and the potential for future price fluctuations.
Consequently, as Strategy continues to ramp up its Bitcoin acquisitions and navigate its earnings expectations, all eyes will remain fixed on the company’s strategy and the implications it has for the cryptocurrency landscape at large.
