Michael Saylor Signals Resumption Of Strategy's Bitcoin-Buying Streak After A Week's Break: 'No Tariffs On Orange Dots'

Notably, similar Sunday posts with mysterious messaging have piqued the market’s interest recently, as they have almost always preceded Bitcoin acquisitions the following Monday. 

If Saylor’s firm does announce BTC buys on Monday, it’d mark a resumption after a week’s pause. In a recent SEC filing, Strategy revealed that no additional BTC was purchased during the week ending April 6.

See Also: Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move

As of this writing, Strategy’s Bitcoin stockpile has grown to 528,185 BTCs, worth $44.68 billion, with an unrealized profit of 25%, according to  bitcointreasuries.com.

Why It Matters: Bitcoin and the broader cryptocurrency market witnessed a much-needed rebound last week after President Donald Trump relaxed his sweeping tariff measures, which had been the sector’s undoing recently.

However, Bitcoin mining, a critical part of the industry, may face disruptions, as most U.S.-based miners rely on China for supplies of application-specific integrated circuits and the equipment that includes these chips. 

Analyst John Todaro warned that material costs for core infrastructure at U.S. Bitcoin mining sites could rise by roughly 20%, threatening to cut into miners’ profits.

Notably, the U.S. has raised import duties on Chinese goods to a whopping 145% as a result of the uncompromising stance taken by the two countries.

Price Action:  At the time of writing, Bitcoin was exchanging hands at $84,717.19, up 0.41% in the last 24 hours, according to data from Benzinga Pro. 

Shares of Strategy were up 2.21% in pre-market trading after closing 10.2% higher at $299.98 during Friday’s regular session. 

MSTR demonstrated a high momentum score—a measure of the stock’s relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. To find out similar high-momentum stocks,  go to Benzinga Edge Stock Rankings.

Image via Shutterstock

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