Saylor signals impending Bitcoin purchase following Q1 earnings call
Michael Saylor indicated a forthcoming Bitcoin purchase by Strategy, marking the fourth consecutive week of acquisitions. The latest purchase on April 28 involved 15,355 BTC, valued at over $1.4 billion, increasing total holdings to 553,555 BTC. Strategy's investment is up approximately 39%, with over $15 billion in unrealized gains. The company reported Q1 2025 revenue of about $111 million, a 3.6% decline from Q1 2024, missing analyst expectations by 5%. In 2025, Strategy acquired 61,497 BTC and plans to raise $21 billion through an equity offering for further purchases. Asset manager Richard Byworth suggested acquiring companies with cash reserves to convert to Bitcoin and purchasing on the open market to drive prices higher. Analyst Adam Livingston noted that Strategy's daily Bitcoin accumulation of about 2,087 BTC significantly exceeds the daily mined supply of around 450 BTC, potentially impacting Bitcoin's market dynamics and adoption.
