Strategy's Saylor Teases Next Big Bitcoin Purchase Amid Ongoing Bear Market

Michael Saylor, co-founder of Bitcoin treasury company Strategy, has once again signalled that the firm is on the verge of making another substantial Bitcoin purchase. This comes as the cryptocurrency price has retreated from its recent high of over $73,000.

According to a chart shared by Saylor, Strategy's most recent BTC acquisition was made on April 6, when it bought 4,871 coins for more than $329.8 million. This purchase brought the company's total holdings to 766,970 BTC, valued at approximately $54.5 billion using market prices.

Notably, despite being in a bear market, Strategy continues to accumulate BTC at an unprecedented rate. In March alone, it acquired 46,233 coins, nearly three times the amount of new supply entering the market through mining.