Michael Saylor is Working on a $21 Billion Bitcoin Buying Strategy
Strategy, the company of Michael Saylor, the world’s largest institutional Bitcoin owner, plans to buy Bitcoin by raising up to $21 billion in new capital. On March 10, it was reported that the company received authorization to issue 8% Series A perpetual strike preferred stock.
Strategy Did Not Increase Bitcoin Holdings Last Week
According to Strategy’s 8-K report filed on March 10, the company did not purchase any Bitcoin between March 3-9, 2025. The company’s current BTC holdings stand at 499,096 BTC. The total purchase cost was calculated at $33.1 billion, while the average purchase price per BTC was $66,357.
Macroeconomic Risks Limit the Impact of Trump’s Crypto Support
According to Bloomberg, rising tariffs, recession worries and diminishing expectations of an interest rate cut offset the impact of Trump’s pro-crypto policies. The US unemployment rate rose to 4.1% from 4%, while Federal Reserve rate cut expectations weakened and selling pressure increased in crypto markets.
UK Treasury: No Plans to Introduce US-Style Bitcoin Reserves
The UK Treasury has announced that it has no plans to implement an initiative similar to the US plan to create a strategic Bitcoin reserve. Officials stated that the UK’s current financial strategy focuses on traditional reserve assets.
Standard Chartered Bank: US Could Increase Bitcoin Reserves by Selling Gold
Geoff Kendrick, head of digital asset research at Standard Chartered, said the US could increase its Bitcoin reserves through gold sales, using Treasury funds or new off-budget strategies. These methods are being developed to avoid imposing additional costs on taxpayers.
Digital Asset Investment Products Net Outflows of $876 Million
According to CoinShares’ weekly report, digital asset investment products saw net outflows totaling $876 million for the fourth consecutive week. Total outflows reached $4.75 billion, while assets under management fell to $142 billion. US investors withdrew $922 million, while European investors (Switzerland, Canada, Germany) inflows totaled $51 million.
by Darkex Research – 1 min read