- Financial markets experienced significant turbulence last week.
- Strategy acquired over 3,000 Bitcoin regardless of the volatility.
- The firm’s shares have rallied in tandem with Bitcoin’s price increases.
Strategy, the Bitcoin-acquiring company led by Michael Saylor, has purchased an additional 3,459 Bitcoins, raising its total holdings to 531,644.
The firm invested $286 million at an average price of $82,618 per Bitcoin, as stated in a press release on Monday.
It is currently the largest publicly traded Bitcoin holder, owning more than double the amount held by the US government.
This total is surpassed only by exchange-traded funds such as BlackRock’s iShares Bitcoin Trust, which reported holdings of 570,983 Bitcoins valued at approximately $47 billion on Monday.
Last week, Strategy, previously known as MicroStrategy, raised concerns about its vulnerabilities to Bitcoin price fluctuations, forecasting a potential net loss in the first quarter of 2025 following a 12% drop in the cryptocurrency’s value.
The stock of Strategy hit a low of $237 on April 9, weighed down by US President Donald Trump’s trade war.
On that same day, however, Trump announced a 90-day delay on many impending tariffs.
As of 4pm New York time on Monday, MSTR has rebounded to $311, while Bitcoin has recovered from a low of around $74,750 on April 9 to $84,800.
“The economic environment has shifted significantly from the expectations of tax cuts and deregulation in the US to facing austerity measures and ongoing trade tensions,” stated James Butterfill, head of research at CoinShares, in conversation with DL News.
Despite the challenges, some analysts are projecting ambitious goals for Strategy’s stock in the coming year.
Analysts at Bernstein recently predicted that Strategy stock might reach $600 within the next 12 months.
Andrew Flanagan is a markets correspondent for DL News. Have a tip? Contact aflanagan@dlnews.com.
