Bitcoin (BTC) proponent Michael Saylor hinted that the firm he co-founded, MSTR (MSTR), could announce additional BTC purchases this week after revealing that it expects to post a net loss in the first quarter of this year due to unrealized losses on its large BTC holdings.
The firm has added 80,785 bitcoins to its balance sheet since the beginning of the year and raised a total of $7.69 billion in the first quarter, more than half of which came from common stock sales. Most, if not all, of those funds went into buying Bitcoin.
On Sunday, Saylor posted a tracking of his BTC holdings on X, a move that is typically posted before announcing a purchase, and commented that “there are no tariffs on the orange dots.” The remark suggested that the firm’s BTC purchases were not impacted by the reciprocal tariffs introduced by Donald Trump earlier this month and the ensuing trade war between the United States and China.
The firm paused its purchases in the week ending April 6. Its cryptocurrency reserves are currently valued at approximately $44.59 billion, with the purchase price at $35.63 billion.
