Bitcoin heavyweight Strategy is back in the spotlight after Michael Saylor signaled yet another major purchase.
The company has now made four consecutive weeks of acquisitions, adding to its already massive BTC treasury. Its latest buy brought in over 15,000 BTC, pushing total holdings beyond 553,000 coins — a stash currently sitting on more than $15 billion in unrealized gains.
While its Bitcoin strategy continues to gain momentum, Strategy’s Q1 performance came in slightly below Wall Street expectations. Revenue dipped 3.6% compared to the previous year, and fell short of forecasts by 5%.
But that hasn’t slowed down the company’s Bitcoin ambitions. Strategy confirmed it’s acquired over 61,000 BTC since the beginning of 2025 and plans to raise $21 billion in equity to keep buying.
Some experts suggest Strategy could deepen its impact by acquiring companies sitting on large cash reserves and converting that fiat into Bitcoin. Others argue the firm should move away from over-the-counter deals and start buying BTC directly from exchanges, pushing prices higher and increasing market exposure.
The scale of Strategy’s buying spree has drawn attention. With an average pace of more than 2,000 BTC per day — far above the roughly 450 BTC mined daily — analysts say the company is effectively accelerating the scarcity of Bitcoin.
SkyBridge Capital’s Anthony Scaramucci is signaling a shift in crypto investing, describing Bitcoin as increasingly behaving like a standalone asset class and endorsing Solana as a top candidate for ETF growth.
After weeks of intense institutional activity that helped push Bitcoin above $100,000, inflows into U.S. spot Bitcoin ETFs took a breather between May 6 and May 12.
Bitcoin’s rapid recovery beyond $104,000 has sparked a wave of optimism in crypto circles, but the bigger question remains: is this just the beginning?
While Bitcoin’s price has recently rebounded, the enthusiasm for spot ETFs appears to be cooling. Weekly inflows into U.S. Bitcoin ETFs have dropped sharply, signaling a pause in aggressive institutional accumulation.